Media Advisory: Small and Medium Sized Enterprises Increasingly Important to Growth of Canadian Economy

MISSISSAUGA, ONTARIO — (Marketwire) — 09/25/12 — Today, hundreds of members of Financial Executives International (FEI)-Ontario, will meet to discuss how small and medium sized enterprises (SMEs) can drive future economic growth in Canada. BMO is sponsoring the annual conference, being held in Mississauga.

The Canadian Federal government estimates that SMEs now account for 45 per cent of GDP, 60 per cent of all jobs in the economy and 75 per cent of net employment growth.

SMEs, defined as having between 100 and 500 employees, have become increasingly important contributors to Canada-s economic health. “Compared to large corporations, these businesses tend to be more flexible, resourceful and innovative,” said Eric Hart, Director, BMO Corporate Cards. “However, business owners report being time starved and are always looking for more efficient ways to manage their business so they can capitalize on these strengths.”

Successful business owners and BMO experts are available to provide insights on improving efficiencies to free up time to drive sales and raise revenue. Topics they can discuss include:

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 $542 billion as at July 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

Contacts:
For media enquiries:
BMO Bank of Montreal
Ralph Marranca, Toronto
(416) 867-3996

Carol Greene, Toronto
(416) 867-3996

Twitter: @BMOmedia

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