BMO chief says US economy improving, calls California 'a strategically important market' [Yahoo! Finance]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Yahoo! Finance
market, said the head of Bank of Montreal, which has rapidly expanded in its southern neighbour. CEO Darryl White, addressing shareholders at the bank's annual meeting, said the bank was well positioned to cater to clients between American and Canadian economies in a shifting global landscape. BMO, Canada's third largest bank by market capitalization, makes about a third of its income from the United States after its $16.3 billion Bank of the West acquisition last year, the biggest ever deal in Canadian banking history. He said that trade and investment between Canada and the U.S. is key to economic competitiveness noting that it is one of the largest bilateral trade relationships in the world. "The relationship is significant. Put into context, just counting the Great Lakes region… (it) would be the world's third largest economy, nearly equal to that of Japan and Germany combined, and the region employs about a third of the U.S.-Canadian combined workforce," he said. "Then
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