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Bank of Montreal
Symbol BMO
Shares Issued 647,470,963
Close 2021-07-26 C$ 125.33
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FP/CP say TD, rivals see BOC okay 50% to work remotely

2021-07-26 09:25 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Financial Post reports in its Saturday edition that the Bank of Canada will allow most of its employees to work remotely as much as 50 per cent of the time once public health guidelines allow it to fully reopen. A Bloomberg dispatch to the Post reports that a limited number of staff are currently working in the central bank's offices in Ottawa. The COVID-19 pandemic has eased in Canada, with vaccinations rising and cases dropping, so the bank expects to bring back many employees after the summer. However, it does not see a return to normal conditions until 2022, an official said. Chief human resources officer Alexis Corbett said: "More employees will be allowed access over the fall, in line with federal and provincial public health guidelines. Based on current conditions, we are not anticipating full on-site staffing levels until the new year." The 50-per-cent guideline will be measured over two-week periods. Financial institutions across Canada have been slow to issue return-to-office plans after the country's main banking hub -- Toronto -- experienced one of the longest lockdowns in North America. This week, Canada hit a milestone with more than 50 per cent of its population fully vaccinated against COVID-19.

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