"Canadian employment not only defied expectations in December, it also appears to be defying gravity, " said Doug Porter, the Bank of Montreal's deputy chief economist.
BBC: US unemployment rate holds steady in December at 7.8%
In the process it leapfrogged Bank Of Montreal in our rankings.
FORBES: Magazine Article
Bank of Montreal CEO Bill Downe said the move was an effort involved in a strategy to strengthen the Canadian bank's North American businesses.
At Bank of Montreal, where he worked in the early 2000s, he raised concerns about an energy transaction, according to other people.
WSJ: Corzine Rebuffed Internal Warnings on Risks at MF Global
Bank of Montreal shares are currently trading up about 2.1% on the day.
FORBES: Bullish Two Hundred Day Moving Average Cross - BMO
Bank of Montreal shares are currently trading up about 0.8% on the day.
FORBES: Bank of Montreal (BMO) Shares Cross Above 200 DMA
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