What Happened
Bank Invests in Economic Security and Resilience
BMO Financial Group is deepening its commitment to Canada’s defence sector, building on its longstanding support for the Canadian Defence Community. The bank aims to mobilize up to $70 billion in capital over 10 years for sectors critical to Canada’s economic security and resilience. BMO has also donated $175,000 to support the victims of the tragedy at CFB Wainwright. According to BMO Economics, Canada’s defence sector is expected to generate approximately $150 billion in annual economic impact by 2035. This development was first reported by PR Newswire.