News Releases
Media Advisory/Photo Opportunity BMO Panel To Address Current Trends in the Canadian Ag Industry, Discuss Strategies to Cope With Rising Interest Rates
Bank advises farmers that now is the time to prepare for business impact of longer-term rise in interest rates
- Interest rates expected to continue to rise 3-5% in the next three years
- Leading Canadian expert on farm viability cautions higher interest rates could weaken farmers' capacity to pay off debt
- BMO advises Canadian farm businesses to adopt longer-term strategies to cope with rising rates
TORONTO, June 9, 2010 - BMO will release exclusive insights into the Canadian Agricultural industry on June 10, 2010. BMO experts will discuss the likely impact interest rate hikes could have on farm businesses in the face of growing debt-to-income levels.
DETAILS:
Who: Available for interviews are:
- Dr. George Brinkman, professor emeritus, and former Chair of the Department of Food, Agriculture, and Resource Economics at the University of Guelph.
- David Rinneard, National Manager, Agriculture, BMO Bank of Montreal
- Sal Guatieri, Senior Economist, BMO Bank of Montreal
When: Thursday, June 10, 2010, 8:30 a.m. - 5:00 p.m.
For further information:
Media interested in arranging interviews should contact:
Daniel Davidzon, Toronto, (416) 867-6323, daniel.davidzon@bmo.com
Sarah Bensadoun, Montreal, (514) 877-8224, sarah.bensadoun@bmo.com
Laurie Grant, Vancouver, (604) 665-7596, laurie.grant@bmo.com
Media Contact:
Ralph Marranca, Director, Media and Public Relations, BMO Financial Group, ralph.marranca@bmo.com, (416) 867-3996