Tag: BMO

Cara and BMO Harris Bank Extend Job Offers as Part of Workforce Development Program

  • Collaboration creates career path in banking, removes barriers to employment in Austin, Little Village and other Chicago communities
  • Cara expanding cohort-based inclusive employment framework to additional organizations

CHICAGO, Sept. 23, 2020 /PRNewswire/ – Cara and BMO Harris Bank announced today a workforce development program co-created to remove barriers to employment and increase access to careers in banking and finance. The two organizations extended job offers to a cohort of 12 Chicago job seekers following their inaugural hiring event, held virtually on Sept. 16.

The program, entitled BMORE, represents a new model for both Cara and BMO in which the organizations collaborated to recruit, train and place individuals into customer service roles at the Chicago-based bank. Cara and BMO co-created each step of the program from recruitment through onboarding to support the new team members. In addition, the Customer Experience Representative (CER) job description was workshopped with

Read More

BMO Business Activity Index – Canadian Economic Recovery Continues

TORONTO, Sept. 18, 2020 /CNW/ – The BMO Business Activity Index (BMO BAI) from BMO Economics, which tracks monthly business activity with information on jobs, spending, sentiment and other indicators, rose 5.0 per cent in July, and is on pace for a 2.7 per cent gain in August. That would mark four consecutive months of strong growth from the pandemic low set in April, leaving the index 4.7 per cent below February’s peak.

“Activity by this measure had sunk as much 24 per cent at one point,” said Robert Kavcic, Senior Economist, BMO Capital Markets. “Thinking of it another way, about 80 per cent of the economic hole caused by the pandemic has been filled back up.”

Almost all indicators that make up the index continued to support the rebound in July and August. Hours worked posted solid gains as the job market recovers. The upside-surprise in housing

Read More