News Releases

- Real GDP will likely grow 1.4 per cent this year, up from 1.1 per cent in 2015

- Export momentum is picking up and the stabilized fiscal landscape is supportive of business investment

- The jobless rate has fallen to 7 per cent, the lowest level in just over a decade, but demographic headwinds will keep trend growth below the national average

- Real GDP growth expected to moderate slightly to 1.0 per cent this year

- U.S. demand and the weaker Canadian dollar anticipated to support exports and tourism

- Knowledge-based and high-tech companies, particularly in the aerospace sector, continue to grow

- Public sector restraint and slow population growth likely to remain a drag on the province's economy

- Labour market continues to perform well upheld by gains in construction and professional services

- Exporters benefiting from weak currency, sturdy U.S. demand and lower oil prices

- GDP growth of 2.6 per cent expected in 2016 and 2.3 per cent in 2017, compared to 1.2 per cent, nationally, in 2016 and 2.0 per cent in 2017

- Real GDP rose from 0.8 per cent in 2015 to 1.1 per cent in 2016

- Canada GDP growth expected to be 1.3 per cent in 2016, 2.1 per cent in 2017

- GDP contraction of 2.0 per cent expected in 2016, followed by growth of 0.7 cent in 2017

- Canada GDP growth expected to be 1.3 per cent in 2016, 2.1 per cent in 2017

- GDP growth of 0.5 per cent expected in 2016, 0.8 per cent in 2017

- Canada GDP growth expected to be 1.3 per cent in 2016, 2.1 per cent in 2017

- Province's GDP expected to rise 2.4%, up slightly from 2015 levels

- Steady growth boosted by diverse economy, including strong manufacturing and service sectors

- Province's GDP once again expected to rise 3%, more than twice the national average

- Housing market, non-energy exports and labour market among driving factors

- Real GDP expected to fall 2.3 per cent, following a 4 per cent dip in 2015, but on track to return to slow growth in 2017

- Downturn of energy sector spilling into other industries and exacerbated by lost production during Fort McMurray wildfire

- Canada's GDP likely to rise 1.2% this year, and accelerate to 2% in 2017

- Provincial levels range from strong growth to recession levels, with substantial changes to the country's leaders compared to past years

More than 75 percent of women entrepreneurs are confident about making risk-related business decisions, compared to 66 percent of men

- Back2Business helps individuals as they transition back to professional life

- Seventy-two per cent of women entrepreneurs "very confident" or "somewhat confident" about making risk-related business decisions compared to sixty-four per cent of men

- BMO provides financial planning tips for all entrepreneurs

- Annual BMO Ontario Farm Family Awards to be presented

- Fun and interactive learning activities for youth all week at the BMO Kids' Zone

- Free admission and pancake breakfast for children under the age of 16 on BMO Kids' Day, Saturday, September 24 from 8:30 a.m. - 10:30 a.m.

- Annual equestrian team competition ends with Switzerland crowned as champions

- Almost 90,000 dedicated fans attended the 2016 event

- Competing countries are the top International Equestrian teams

- 2016 Canadian Team includes Eric Lamaze, Tifanny Foster, Amy Millar and Kara Chad

- Team Brazil back to defend its title after hosting the 2016 Olympic Summer Games

- Families can enjoy free activities at the BMO Fan Centre and fun activities throughout the event

- Leading institutional investors and real estate CEOs and CFOs from across to attend

- Event to feature panel discussions on key issues including "The Future of REITs" and "Millennial Mania"

- Arne Duncan, Former U.S. Secretary of Education, to be keynote speaker

- Executive panel discussions on topics including digital trends, international expansion and big data

- Presenting companies include those supporting the PreK-12, postsecondary and corporate training sectors

- Conference expanded this year to include representatives from the information services sector

- Arne Duncan, Former U.S. Secretary of Education, to be keynote speaker

- Executive panel discussions on topics including digital trends, international expansion and big data

- Presenting companies include those supporting the PreK-12, postsecondary and corporate training sectors

- Conference expanded this year to include representatives from the information services sector

- Millennials worry about savings more than any other age group

- Over 40 percent of Americans are concerned about being unprepared for unexpected expenses

Financial Results Highlights:

Third Quarter 2016 Compared with Third Quarter 2015:

- Net income of $1,245 million, up 4%; adjusted net income(1) of $1,295 million, up 5%

- EPS(2) of $1.86, up 3%; adjusted EPS(1, 2) of $1.94, up 4%

- ROE of 13.0%, compared with 13.6%; adjusted ROE(1) of 13.5%, compared with 14.0%

- Provisions for credit losses of $257 million, compared with $160 million

- Basel III Common Equity Tier 1 Ratio of 10.5%

Year-to-Date 2016 Compared with Year-to-Date 2015:

- Net income of $3,286 million, up 3%; adjusted net income(1) of $3,625 million, up 6%

- EPS(2) of $4.90, up 3%; adjusted EPS(1, 2) of $5.42, up 6%

- ROE of 11.4%, compared with 12.3%; adjusted ROE(1) of 12.6%, compared with 13.2%

- Provisions for credit losses of $641 million, compared with $484 million

- The Asia Pacific (ex-Japan) ETF industry has surpassed US$123 billion and experienced record net inflows of US$11 billion in the first half of 2016

- Growing use of smart beta and fixed income ETFs

- Millennials are on par with older generations for setting budgets in advance of a season of high spending

- Millennials are the most likely age group to pay off their credit card balances in full, and the least likely age group to carry a large credit card balance

- Millennials are the least likely of any age group to use summer as an excuse to spend without considering long-term implications

- The most important financial priority for Millennials is to save more, while those aged 55 and over prioritize investing effectively and tax efficiency

- Twenty-nine per cent of Canadians are concerned they will not be able to save enough to reach their financial goals

- Millennials are more likely to have savings concerns (35 per cent) compared to Boomers (29 per cent)

- The Canadian ETF industry has crossed the C$100 billion milestone and has experienced C$10.6 billion in inflows year to date

- Trends include increased use of smart beta and fixed income ETFs

- New service first of its kind from a major Canadian financial institution - another example of how BMO is enhancing the customer experience through innovative products and services

- Fastest way to open an account via smartphone and eliminates need to go to the branch or download an app

- Addresses customers' mobile-first mindset and increasing expectation of speed and convenience

- Marks the largest fundraising event held during Toronto's Pride Month celebrations

- To date, the Run has raised more than $1 million for local charities that support the lesbian, gay, bisexual and transgender (LGBTQ+) community

- New office provides expanded and dedicated commercial banking resources and local expertise.

- Move builds off BMO's long history in Texas, and augments recent acquisition of Irving-based BMO Transportation Finance team, which has approximately 180 employees in the Dallas/Fort Worth Area and is led by Dan Clark.

- Office has ambitious growth plans, as it is expected to double in size over next 2-3 years.

- Now offering the lowest cost fixed income ETFs in Canada

- Management fees on broad fixed income ETFs reduced by more than 50 per cent

Over Half of Business Owners and Executives Surveyed Expect Their Investment in Innovation to Increase

Acquisition adds experienced M&A team, expands footprint and deepens focus on key industries

Financial Results Highlights:

Second Quarter 2016 Compared with Second Quarter 2015:

- Net income of $973 million, down 3%; adjusted net income(1) of $1,152 million, up 1%

- EPS(2) of $1.45, down 3%; adjusted EPS(1,2) of $1.73, up 1%

- ROE of 10.1%, compared with 11.4%; adjusted ROE(1) of 12.1%, compared with 13.2%

- Provisions for credit losses of $201 million, compared with $161 million

- Basel III Common Equity Tier 1 Ratio of 10.0%

- Dividend increased by $0.02 or 2% from the preceding quarter to $0.86

Year-to-Date 2016 Compared with Year-to-Date 2015:

- Net income of $2,041 million, up 2%; adjusted net income(1) of $2,330 million, up 7%

- EPS(2) of $3.03, up 3%; adjusted EPS(1,2) of $3.48, up 7%

- ROE of 10.5%, compared with 11.6%; adjusted ROE(1) of 12.1%, compared with 12.8%

- Provisions for credit losses of $384 million, compared with $324 million

- Event features industry leaders from the agriculture, protein, food, fertilizer, retail distribution, restaurant and supermarket sectors

- First-Time Budget for 2016 has risen to $246,378, an increase of 27.5 percent since 2014

- Expected down payment is 10 percent

- Majority of first-time buyers have made lifestyle cutbacks to save money

- Event features industry leaders from the agriculture, protein, food, fertilizer, retail distribution, restaurant and supermarket sectors

Report Findings to Support Implementation of Specialized Programs within the Bank

Measures the Bank's Strong Commitment to Gender Equality

- The BMO Women in Leadership Fund invests in North American companies that promote gender-diverse leadership

- BMO Investments Inc. has also launched BMO Fossil Fuel Free Fund, a socially responsible investment (SRI) strategy that excludes companies primarily involved in the development and infrastructure of fossil fuels

- The two funds provide Canadians with more choice and the opportunity to make investments that reflect their personal principles

- Millennials view home ownership as an important investment rather than an important milestone, and as a means to, potentially, build equity

- Three quarters express not feeling pressured to own property by a certain age or life stage

- Two thirds agree they have other priorities or goals before purchasing a home

- Ontario and Quebec supported by competitive currency and firm U.S. demand

- U.S. states in the region see ongoing housing and consumer expansion tempered by the strong U.S. dollar

- Lower oil price environment should reduce costs through the manufacturing supply chain

BMO Wealth Management's John Waters answers the top five tax-related questions in a new online video series

- Today is Talk With Our Kids About Money Day (TWOKAM), an educational program created by the Canadian Foundation for Economic Education (CFEE) in partnership with BMO Financial Group

- Schools in British Columbia and Newfoundland Labrador have now joined TWOKAM making it a national program in 4,000 schools with participation from coast to coast

- The program, which is aligned with provincial school curricula, provides resources for teachers and families to help start and continue conversations about money and personal finances

Partnership Will Support Innovation Program for Top National Fintech Startups

Latest white paper makes the case for incorporating alternatives in traditional 60/40 equity/bond portfolio split

- Millennials on average expect to spend $350,000 on their first home, with two thirds anticipating $35,000 of that amount via familial assistance for a 15 per cent down payment

- Many millennials rent their home rather than buying because of affordability, with one third unsure of whether they'll ever be able to buy a home

- Half are most concerned with being able to afford their monthly mortgage payments once they buy