News Releases

TORONTO, ONTARIO--(Marketwired - July 8, 2013) - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense', BMO is releasing a financial tip every day in the summer to help Canadians make the 'BMOst of Summer' in 2013.

'BMOst of Summer' Financial Tip of the Day: Spark your child's 'entrepreneurial spirit' with a summer job.

Summer can be a great time to spark your child's interest in starting a new or first job. Setting up a lemonade stand, running a paper route or starting a babysitting service is a great way to encourage kids' entrepreneurial spirit and get them excited about earning their own money.

Jobs like these show them that work can be fun and engaging, as well as provide parents with an opportunity to discuss money management basics including responsible spending and savings habits.

"Helping children learn how to manage their own money earned from summer work will allow them to appreciate the value of a dollar and the importance of managing money responsibly," said Paul Dilda, Head of North American Branch Channel, BMO Bank of Montreal.

Mr. Dilda added that BMO Coin Counters can provide a fun and easy way for kids to see the impact of their efforts: "The counters are able to count Canadian coins at a rate of up to 4,000 per minute and then generate a receipt for the total, which can be exchanged at the branch for cash or deposited into a BMO bank account."

BMO offers a number of products and services that can help Canadians get more out of every dollar they spend this summer. For more details on how to make the 'BMOst of Summer,' drop by a BMO branch or visit bmo.com.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $555 billion as at April 30, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.