News Releases

"Open For Business" with $10 billion in additional credit

- Dairy industry annually contributes $15.2 billion in economic benefits and employs 215,000 Canadians

- Each year the average Canadian drinks 95 litres of milk

- Agricultural sector employs one in eight jobs directly and accounts for approximately eight per cent of Canada's total Gross Domestic Product

- New BMO branch represents a $2.8 million investment into the community

- BMO boosts credit to Canadian businesses by $10 billion

- Branch offers customers extended banking hours, including Saturdays and Sundays

- Grand Opening celebration features, giveaways and a raffle for a chance to win one of two Apple iPads

- 2 per cent rate on 1 year GIC available on any new BMO RRSP contributions

- In volatile market conditions, BMO recommends Canadians seek out safe, short term investment options to park their savings

- Canadians place much higher importance on salary and job flexibility than a good pension plan when evaluating job opportunities

- More than half do not know what their ideal workplace pension would look like

- Half of working Canadians have already had five or more employers; 20 per cent expect to have worked for 10 or more employers over their careers

- New screening tools, access to Morningstar reports and enhanced site layout will help investors make better mutual fund investing decisions

- BMO InvestorLine awarded Top bank-owned online broker from The Globe and Mail in 2008, 2009 and 2011

- New screening tools, access to Morningstar reports and enhanced site layout will help investors make better mutual fund investing decisions

- BMO InvestorLine awarded Top bank-owned online broker from The Globe and Mail in 2008, 2009 and 2011

Take a step back this RRSP season to ensure your investing portfolio suits your life stage

Take a step back this RRSP season to ensure your investing portfolio suits your life stage

- More than a third of Canadians don't know the difference between a TFSA and an RRSP

- 44 per cent of Canadians have a TFSA; more than 60 per cent have an RRSP

- Average annual TFSA contribution is $3,700, average RRSP contribution in 2010 was $4,700

- BMO offers tips on how both vehicles can work together

More Locations Added in Rural Communities for Customers to Use Video Conferencing to Reach Financial Planners

- Making Money Make Sense "virtually" in over 50 locations in British Columbia, Manitoba, Ontario, Quebec, Nova Scotia

- BMO expands video conferencing service so more customers can now access financial planners, commercial and small business specialists, investment advisors

- Video conferencing offers timely access for TFSA and RRSP contributions

- Exchange Traded Fund (ETF) market grew by 13 per cent in 2011

- 2012 will see more product launches, innovation and increased price competition among providers

- Cost effectiveness, transparency and liquidity helping fuel ETF growth

Moving all investments under one roof can simplify your life as well as save you time and money

Get pre-approved and be guaranteed this rate for the next 90 days

- Almost 60 per cent of Canadians are confident in their ability to save for retirement versus fewer than 40 per cent of Americans

- Almost 90 per cent of Americans are concerned about the performance of their 401K, while approximately two-thirds of Canadians express similar concerns about their RRSP

- However, half of both Canadians and Americans say they have or may have to delay their retirement or work part-time because of a shortage of retirement savings