Media Advisory - BMO: Bank of Canada Cut Makes Home Ownership Even More Attractive

    TORONTO, April 21 /CNW/ - Join BMO's Sal Guatieri, Senior Economist, and
John Turner, Director, Mortgages on a conference call today to answer your
questions and to provide insight into the implications of prime and mortgage
rates being lowered today.

    -   What does this mean for homebuyers? Fixed or variable?
    -   What does this mean for homeowners? Is it time to refinance?
    -   Where are rates headed?
    -   What are the trends in the housing market?

    WHO:   Sal Guatieri, Senior Economist, BMO
           John Turner, Director, Mortgages, BMO

    WHAT:  Discuss the rate cuts and implications for the housing market and

    WHEN:  April 21, 2009 at 1:30p.m.

    Local Dial-in Number        416-641-6150
    Total Free Dial-in Number   1-800-952-5114
    Conference ID               5357528

    "The Bank of Canada signalled that interest rates will remain very low
for possibly well into next year," said Sal Guatieri, Senior Economist, BMO
Bank of Montreal. "With interest rates at historic lows, housing affordability
should remain highly attractive for a very long time."
    "This new round of rate cuts presents a great opportunity for those
looking to purchase a home," said John Turner, Director, Mortgages, BMO Bank
of Montreal. "More than ever Canadians looking to buy a home or refinance
their mortgage need clarity around what makes sense for them, such as choosing
a fixed or variable mortgage, long term or short term, and what best fits
their financial needs."

    BMO Bank of Montreal lowered its prime lending and mortgage rates today:

    BMO Bank of Montreal Lowers CDN$ Prime Lending Rate to 2.25 Per Cent

    BMO Bank of Montreal Decreases Mortgage Rates:

For further information:

For further information: Media Contact: Kasia Lech,,
(416) 867-3996

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