Canadian cattle producers have already lost an estimated CDN$5 billion since the discovery of a single BSE- infected cow in Canada, according to a new report from the Bank of Montreal (BMO) Economics Department.

"In economic terms, the closing of the border has been devastating to Canadian ranchers and their families," says Rick Egelton, Senior Vice-President and Deputy Chief Economist, BMO Financial Group. "Cattle producers have been hit by lower output, weaker prices, and narrowing margins."

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