Bank of Montreal : BMO's $10 Billion Credit Boost to Help Newfoundland & Labrador Firms Continue to Grow
January 26, 2012 at 12:08 pm
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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
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