TORONTO, ONTARIO--(Marketwire - Oct. 29, 2012) - For the second consecutive year, BMO Bank of Montreal will be releasing a financial tip each day throughout November to celebrate Financial Literacy Month in Canada. As part of Making Money Make Sense, BMO's tips are designed to help individuals and families save money and manage their day-to-day finances more effectively.
"BMO continues to be an advocate of promoting financial literacy across North America and strongly supports the efforts and recommendations put forth by the federal government, from the Task Force on Financial Literacy to the introduction of the Financial Literacy Leader Act last November," said L. Jacques Ménard, Chairman of BMO Nesbitt Burns and Task Force Vice-Chair. "Sharing responsibility among stakeholders and continuing to put resources toward improving the overall financial knowledge and skills of Canadians will have a lasting, positive impact on everything from the household balance sheet to the economy at large."
For more on financial literacy, BMO encourages Canadians to visit http://www.fcac-acfc.gc.ca/eng/FLM/index-eng.asp and http://www.bmo.com/home/about/banking/corporate-responsibility/customers/financial-literacy.
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.