News Releases

TORONTO, ONTARIO--(Marketwire - May 3, 2011) - There were some surprises in last night's election results, including - a solid Tory majority, an NDP official opposition with more than 100 seats and historic lows for both the Liberals and Bloc Quebecois.

When it comes to markets and the economy, what might be the impact?

"In the wake of the Federal election results and increased political certainty, financial markets are likely to return their focus to Canada's relatively favourable economic fundamentals – its relatively healthy government finances, its stable and sound banking system, and its heavy commodity exposure," said Doug Porter, Deputy Chief Economist, BMO Capital Markets.

BMO experts are available to provide insight into what last night's results could mean for a variety of financial areas, including:

• How will equities markets react?
• What about the strength of the Canadian dollar and interest rates?
• What will this mean for Canada's fiscal position?
• How will the vote impact Canadian businesses and corporate taxes?
• Where will the smart money be going?

BMO has a number of spokespeople available for analysis, including:

• Doug Porter, Deputy Chief Economist, BMO Capital Markets
• Paul Taylor, Chief Investment Officer, BMO Harris Private Banking
• Mark Shoniker, Director, BMO Commercial Banking