Product snapshot: BMO rolls out first ever structured deposit in Canada

Bank of Montreal (BMO) has become the first major Canadian financial institution to offer a structured deposit to retail investors. The BMO Money Multiplier is a variable term deposit note with an annual guaranteed interest payment of 0.5% during the life of the product. The structured deposit is a 10-year structure linked to the performance of the S&P / TSX Banks index - a market capitalization-weighted index composed of 10 actively traded large-cap Canadian financial companies. The new p