BMO Congratulates Stephen Poloz on Appointment as Governor of the Bank of Canada
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.
Paul Deegan, Toronto
Ronald Monet, Montreal
Laurie Grant, Vancouver
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