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BMO Capital Markets Commends Canada and India for Launching Trade Negotiations

Toronto, November 12, 2010 – BMO Capital Markets today commended the governments of Canada and India for beginning negotiations for a Comprehensive Economic Partnership Agreement. 

“Stronger networks are needed between India and Canada.  We applaud Prime Minister Stephen Harper and Prime Minister Manmohan Singh for the extraordinary leadership they have shown,” said Michael Rayfield, Vice Chair, BMO Capital Markets.  “While trade between the two countries has risen sharply over the past decade, there's still significant potential to be tapped, especially in agriculture and agri-foods, infrastructure, information and communications technologies, extractive industries, life sciences and enabling services.”

The India-Canada trade relationship has room to grow.  For example, total trade between India and Canada is three times smaller than the size of trade between India and Australia, even though the Canadian economy is about 50% larger than that of Australia.

“BMO Capital Markets is working to spark trade and investment between Canada and India, in both directions,” added Mr. Rayfield.  “BMO Financial Group is highly committed to the South East Asian population in Canada and to building Canada's relationship with India, the world's largest democracy.”

BMO was the first Canadian bank to open an investment banking office – in Mumbai in 2008 – to provide advisory services and to help Indian companies expand internationally.

BMO Capital Markets is well positioned to help Indian and North American companies:

  • Fully integrated investment bank, with 26 offices worldwide and 2,000 employees.
  • World class expertise and performance in Metals & Mining and Energy.
  • Trusted advisor to Metals & Mining companies for almost 100 years.
  • Participated in more than US$10 billion in Metals & Mining equity issuance underwritings since 2002 (BMO led the largest mining North American IPO for Franco Nevada).
  • Advised on more than 90 major Metals & Mining M&A transactions, making BMO the number one global M&A provider to the industry since 2002.
  • BMO Capital Markets is the world's largest mining research group, covering 162 metals, mining and fertilizer stocks.
  • Hosts the No. 1 Global Metals and Mining investor conference in the world - a must attend event held each year in Florida, attracting the international mining community.
  • More than 40 years of working with the energy industry.
  • BMO Capital Markets' Canadian Acquisition & Divestiture Advisory team draws upon more than 125 years of combined experience and expertise gathered during C$25 billion in oil and gas industry transactions.

About BMO Capital Markets

BMO Capital Markets is a leading, full-service North American financial services provider, with more than 2,000 employees operating in 14 North American offices and 26 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services.  BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$386 billion total assets and 38,000 employees as at July 31, 2010.

Website: http://www.bmocm.com 

Twitter: http://twitter.com/bmocm 

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Media Contacts:

Beja Rodeck, Toronto, beja.rodeck@bmo.com, (416) 867-3996

Holly Holt, New York, holly.holt@bmo.com, (212) 885-4153