BMO takeover of Air Miles now official

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BMO Financial Group says it closed its acquisition of the Air Miles loyalty rewards program in Canada on Thursday.

Loyalty program has more than 10 million members in Canada

The Canadian Press · Posted: Jun 01, 2023 8:06 AM EDT | Last Updated: 4 hours ago

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BMO has finalized its deal to buy the Air Miles loyalty program, which has more than 10 million users in Canada. (Nathan Denette/The Canadian Press)

BMO Financial Group says it closed its acquisition of the Air Miles loyalty rewards program in Canada on Thursday.

The bank says it plans to expand the program with new

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