News Releases

BMO releases report on HRM - outlook for economy, housing and labour market

- Unemployment rate expected to drop to 4 per cent by 2016, with 12,000 new jobs created

- Housing market performing well and residential construction well-supported

- BMO offering support to Canadian businesses by making an additional $10 billion in credit available over next three years

- Ottawa St. Anthony Cachafaz is the 14th team vying to win 2012 BMO Team of the Week Championship, which includes $125,000 towards a field refurbishment

- Team's community efforts include charitable drive to provide used soccer equipment to families with limited resources

Bank of Canada still has tightening bias, but unlikely to act on it