BMO Financial Group

BMO Financial Group

January 26, 2012 11:30 ET

BMO's $10 Billion Credit Boost to Support Manufacturing Growth and Ag Rebound in Manitoba

WINNIPEG, MANITOBA--(Marketwire - Jan. 26, 2012) - BMO's announcement today that it is making $10 billion in credit available to businesses across Canada over the next three years will provide important benefits to companies located in Manitoba, according to Lynda Taylor, District Vice-President, Manitoba, BMO Bank of Montreal.

"Businesses in Manitoba are showing continued optimism, with many of our corporate clients investing in their businesses," said Ms. Taylor. "The availability of more credit will help more provincial firms take the opportunity to retool and improve their productivity and competitiveness. Our local bankers are also armed with limits to make almost every lending decision right here in Manitoba."

"Manitoba's diverse economy is set to rebound in 2012 with solid 2.0 per cent real GDP growth," said Robert Kavcic, Economist, BMO Capital Markets. "Supportive financial conditions should help more firms increase their capital spending in the coming year."

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