ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Jan. 26, 2012) - BMO's announcement that today 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 Newfoundland & Labrador, according to Jim Fallon, District Vice-President, Newfoundland & Labrador, BMO Bank of Montreal.

"The business and economic trends continue to support our businesses as they support the resource and service sectors, said Mr. Fallon. "The availability of more credit will help more provincial firms take the opportunity to invest in their operations and improve their productivity and competitiveness. Our local bankers are also armed with limits to make almost every lending decision right here in Newfoundland & Labrador."

"Newfoundland & Labrador's growth will cool in 2012, but public and private sector investment remains solid," said Robert Kavcic, Economist, BMO Capital Markets. "Supportive financial conditions should help more firms keep up their capital spending in the coming year."

Media Contacts:
Ronald Monet
514-877-1873
ronald.monet@bmo.com
www.bmo.com
Twitter: @BMOmedia

distribué par

Ce noodl a été diffusé par BMO - Bank of Montreal et initialement mise en ligne sur le site http://www.bmo.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-26 18:00:11 PM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.