eter Grills, the managing director and head of trade finance at Bank of Montreal (NYSE:BMO) (TSX: BMO) Capital Markets, is a happy man today. For the third year in a row, BMO Capital Markets has been noted for its instrumental role in steering the Canadian trade sector to greater heights.
“Trade is incredibly important to the Canadian economy, and once again BMO Capital Markets has been recognized for our role in supporting the industry.” Said Peter Grills. His words echoed BMO’s dominance and peerless understanding of the Canadian economy.
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BMO economists went an extra mile and gave an inside scoop of the Canadian economy. They particularly noted that exports and imports accounted for close to one third of economic activity in the country. In addition to that, they delved deeper and spoke of the advancements of exports and imports to the country’s desirable agricultural and natural resources.
Other than Trade, BMO also demonstrated exemplary performance in two categories. It received top three positions for being the Best Overall Trade Bank in North America and also Best Chain & Supply Trade Bank in North America.
It equally appears as if BMO’s good performance cuts across all sections. It’s U.S based Harris bank was in the top three Best American trade banks.
To stamp out bias and ensure that the rankings are based on real feedback, the survey operates on a basis of industry votes. It also considers inputs from Canadian participants and remarks from the Trade Finance editorial team. This way, rankings are made on a neutral and informed standing.