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Bank of Montreal
Symbol BMO
Shares Issued 647,470,963
Close 2021-07-12 C$ 127.00
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Globe says BMO's Jacobson calls for streamlining border

2021-07-13 08:09 ET - In the News

The Globe and Mail reports in its Tuesday edition that after more than a year of pandemic-driven restrictions between the United States and Canada, we are finally seeing a gradual resumption of cross-border travel. Guest columnist David Jacobson writes that both governments must get this right. The BMO vice-chairman says that a major key to success will be helping travellers to keep things moving efficiently, with rules that are as consistent as possible between the two countries. There is, however, a template for how Canadians and Americans can work together to get this right. By its very nature, the border is a choke point. There are only so many land, air and sea entry points and only so many border officers. The border is where delays stack up and where mistakes can easily be made. New procedures such as verifying vaccination status and COVID-19 test results could add further delays. The ArriveCAN app was developed to assist with preclearance decisions for those entering Canada, but there is not a similar on-line tool for people arriving in the U.S. While half a loaf is better than none, it is important that the U.S. develop its own system so travellers can do the clearance work before they reach a crossing.

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