Bank of Montreal CEO sees M&A upside from oil price slump

March 31, 2015 7:43 PM

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TORONTO, March 31 (Reuters) - Battered oil prices are expected to spur mergers and acquisitions in the energy sector and drive advisory fees for the Bank of Montreal, Chief Executive William Downe said on Tuesday.

Canada's No. 4 lender, which is not looking at making major acquisitions at the moment, also expects consumers to step up spending as the sluggish oil price leaves them with more cash, he said.

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