Bank of Montreal to Bring Bankers Back to Offices

A representative for Bank of Montreal confirmed to Reuters late on Wednesday that staff in its investment and corporate banking unit will return to work on Monday.

Following the elimination of COVID restrictions in Ontario, the country’s most populous province and home to the country’s five largest banks, it is the first major Canadian lender to establish a firm return-to-office date.

The timeline for returning to bank premises would vary by group, team, and geography, according to an email from a spokeswoman for Canada’s fourth-largest bank.

The plans were first revealed by Bloomberg on Wednesday. Following the reappearance of the Omicron variety late last year, the majority of Canada’s big banks put their return-to-office plans on hold.

According to a spokeswoman for the Royal Bank of Canada, the country’s largest lender, its return-to-office plans will differ by business and location, and it will continue to enable fast testing as an alternative to vaccinations in certain cases.

Toronto-Dominion Bank and Bank of Nova Scotia both stated that their plans have not been changed.

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