BMO Financial Group
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BMO Financial Group

May 02, 2013 17:02 ET

BMO Congratulates Stephen Poloz on Appointment as Governor of the Bank of Canada

TORONTO, ONTARIO--(Marketwired - May 2, 2013) - 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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