TORONTO, ONTARIO — (Marketwired) — 05/02/13 — BMO Financial Group today congratulated Stephen Poloz on his appointment as Governor of the Bank of Canada.
“Stephen Poloz is an outstanding public servant with a wealth of experience and a steady hand that will serve the Bank of Canada and Canadians well,” said Bill Downe, President & Chief Executive Officer, BMO Financial Group. “With his experience at Export Development Canada and the Bank of Canada, he brings a powerful combination of talents, deep knowledge and experience to the role. His efforts to help Canadian business pursue growth outside our borders have been commendable. At a time of uncertainty, this is an important dimension that he brings to the helm of one of the world-s most respected central banks.”
Mr. Downe noted that BMO expects the Bank of Canada-s policy of flexible inflation targeting to continue, along with ongoing steady management of Canada-s monetary policy.
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 January 31, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.
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(514) 877-1873
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