10:49 AM EST - BMO : Said its Harris Bank arm will raise its minimum hourly wage for full- and part-time branch and Customer Contact Center colleagues to $20 per hour beginning Aug. 7, 2022 as part of the bank's ongoing commitment to the financial wellbeing of employees. The increase impacts both new hires and current team members who earn below the new minimum base pay for their position. This is the second minimum hourly wage increase in just 10 months after the bank raised its hourly base pay to $18 per hour in October 2021. BMO
shares T.BMO are trading down $0.97 at $125.34.
