Business & Finance
Business and Finance
Business and Finance
Fri, June 29, 2012
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BMO Takes a Look at What a Difference 145 Years Makes
June 29, 2012 09:00 ET
Canada Day: BMO Takes a Look at What a Difference 145 Years Makes
TORONTO, ONTARIO--(Marketwire - June 29, 2012) - In advance of Canada's 145th birthday, BMO Financial Group takes a look at how the country, and the bank, have changed since Confederation.
"Canada is clearly a much-transformed country since its birth 145 years ago, and BMO has grown along with it," said Paul Taylor, Chief Investment Officer, BMO Harris Private Banking and BMO Global Asset Management. "Our country's modern strengths are clear - we can all be proud of Canada's economic leadership and strong fiscal position, and look forward to increasing economic vigour in the years ahead."
Then and now. A comparative look back:
| Item | Confederation | Present Day |
| Canadian population | 3,463,000 | 34,837,000 |
| Canadian GDP/capita | $3,100 (1870, current $) | $56,000 |
| Value of Canadian exports | $50.3 million (1866) | $44,780 million |
| Cost of a barrel of oil | US$2.41 | US$79.44 |
| Cost of an ounce of gold | US$18.93 | US$1,579 |
| BMO Assets | $19.8 million | $525.5 billion |
| BMO Deposits | $11.2 million | $317.3 billion |
| BMO Branches | 25 | 1,599 |
| BMO Employees | 112 (1856) | 46,566 |
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