News Releases

- Federal government agencies benefit from BMO's sophisticated controls and simplified spend analysis and MasterCard's best-in-class global acceptance

- More than 32,500 BMO-issued purchasing cards issued accounting for 90 per cent of the Canadian government purchasing card spend

- Contract renewal follows BMO and MasterCard's selection as the federal Government of Canada's official travel & entertainment (T&E) card provider in 2013

- Travel continues to take priority, while decreased spending on entertaining and gifts lead decline

- While 28 per cent took on debt as a result of spending in 2013, only 11 per cent expect to do the same this year

- Slower job growth, elevated debts and volatile stock market contributing to cautious consumer mindset, while lower gasoline prices offer a positive offset

- Last week, BMO donated $20,000 to Military Families Fund to honour Corporal Nathan Cirillo and Warrant Officer Patrice Vincent

- Accepting donations at BMO Bank of Montreal branches across Canada

More than 930 branches across Canada to participate from Oct. 31 to Nov. 10, 2014

- Prices in Florida and Arizona expected to increase steadily in coming years

- Canadians are the largest foreign buyers of Florida housing

- Residents spending time in Canada and U.S. face new government guidelines

- Canadians feel more confident about their personal finance knowledge than ever before

- They're least knowledgeable when it comes to investing

- Overall, Canadians fall short on retirement planning and feel hesitant to discuss personal finance with their children

- One-quarter intend to invest more in their business in 2015

- Fewer entrepreneurs intend to invest in equipment upgrades compared to 2013

- Business owners in Ontario and Atlantic Canada are the most likely to invest in employee training

- Canadians can donate to the fund at branches across Canada

- Other top concerns among the nation's business owners include identifying income options and paying too much tax

- Three-quarters of entrepreneurs are focused on making improvements in their business operations and more than half are seeking to grow their business aggressively

- Majority of entrepreneurs do not have a succession plan in place for their business

- Minimum assets required to open an adviceDirect account lowered to $50,000 (previously $100,000)

- Annual account fees reduced from 1 per cent to 0.75 per cent

- Clients with assets over $500,000 will not pay any incremental fees

- One-quarter would be stretched to afford a home in their current price range, while another one-third would need to consider less expensive options

- Sensitivity to rates magnified in high-priced west coast market

- According to BMO Economics, prices in major markets of Calgary, Toronto, and Vancouver are rising faster than average family income

- BMO recommends buyers stress-test their mortgage against a higher rate to ensure long-term affordability

BMO Youth Campus Amphitheatre Will Be New Outdoor Performance Space

- Real GDP growth of 1.0 per cent expected in 2014, 0.8 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.5 per cent in 2015)

- Healthy longer-term prospects for offshore oil, hydro

- Consumer spending, housing market trends outperforming Atlantic Canadian peers

- Real GDP growth of 2.2 per cent expected in 2014, 2.4 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Manufacturing should receive boost from weaker dollar, stronger U.S. demand

- Oil production up fourfold since start of 2000s

- Real GDP growth of 1.6 per cent expected in 2014, 2.1 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Shipbuilding contract should start producing in 2015

- Offshore oil and gas exploration picking up

- Real GDP growth of 1.0 per cent expected in 2014, 2.7 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Oil sector now 20 per cent of province's GDP

- Population growth strong; labour market making case for national lead

- Real GDP growth of 1.8 per cent expected in 2014, 2.0 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Stable political landscape should support business confidence and investment

- Exports to benefit from lower dollar and stronger sales to the U.S.

- Real GDP growth of 1.3 per cent expected in 2014, 1.7 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Tourism stronger, weaker loonie figures

- Exports rose 20 per cent year-over-year in August, led by aerospace, food and agriculture

- Real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015

- Alberta to lead the country, but growth gap is set to narrow

- Real GDP growth of 1.3 per cent expected in 2014, 1.7 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Private sector capital spending expected to expand modestly in 2014

- Higher Exports, Capital Spending to Support Growth in New Brunswick

- Forestry exports get boost from U.S. housing recovery

- Real GDP growth of 3.5 per cent expected in 2014, 2.9 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Energy sector remains key driver, and key risk

- Population growth similar to rates seen at height of pre-recession boom

- Real GDP growth of 2.3 per cent expected in 2014, 2.5 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Housing market strengthening, particularly in Vancouver

- Real GDP growth of 2.0 per cent expected in 2014, 2.4 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Stronger performance expected for exports and manufacturing

- Housing market remains strong in Toronto