Canadian Dollar Surges 60 Per Cent to Parity with Greenback: What Does it Mean?

-- Interview Opportunity --

September 20, 2007 – Today, the U.S. and Canadian dollars achieved parity for the first time since November of 1976.

WHAT: With the Canadian dollar surging 60 per cent against the U.S. dollar over the past five years, there are important economic implications on both sides of the border.

WHO: Doug Porter, Deputy Chief Economist, BMO Capital Markets is available to comment on the wider economic situation that has led to dollar parity and the remaining differences in the prices of goods in the two countries.

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To arrange an interview, please contact:

Peter Scott, PeterE.Scott@bmo.com, (416) 867-3996