News Releases

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2011) - As family and friends gather to celebrate the holidays and ring in the New Year, Canadians are looking to put more locally grown food on the table. According to a BMO survey, the majority of Canadians (94 per cent) believe it's important to support local farmers and buy local on a regular basis.

"Canadians understand the significant contribution our farm families, and the agricultural industry as a whole, make to Canada's national economy," said David Rinneard, National Manager, Agriculture, BMO Bank of Montreal. "By buying locally, it supports an industry that is currently responsible for one in eight jobs directly and accounts for approximately eight per cent of Canada's total GDP."

Fast Facts About Canada's Agriculture Industry:

• Canada is the world's 4^th largest agriculture exporter and 6^th largest importer, accounting for a combined $63 billion in global trade
• Local farmers' markets are responsible for over $1 billion in sales and have a total economic effect of over $3 billion
• BMO's survey also revealed that Canadians try to purchase the following home-grown products always or frequently:
  • Poultry (77 per cent)
  • Vegetables (77 per cent)
  • Beef (75 per cent)
  • Fruit (70 per cent)
  • Cheese (70 per cent)

"By visiting a nearby farmers' market or surveying your grocery store, many of the typical holiday menu items such as turkey, ham, beef, vegetables, grains, and beverages including wine and beer, can be bought from local producers," added Mr. Rinneard.

BMO also reminds Canadians that while the holidays are a great opportunity to spend time and celebrate with family and friends, there are many who will not have a holiday table of their own. "At BMO we believe it is important to be part of the community, and encourage Canadians to donate to a United Way food bank or community organization; this can help ensure those with limited resources can sit down to a healthy, nutritious meal this holiday season," added Mr. Rinneard.