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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PerformingLoansMember" xlink:to="lab_bmo_PerformingLoansMember" xlink:type="arc" order="1"/>
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    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [text block]</link:label>
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    <link:label id="lab_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock_019ce237-ef22-7735-9cbe-2ce42e93f566_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Deposits Payable On a Fixed Date</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposits Payable On A Fixed Date [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of deposits payable on a fixed date.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock" xlink:to="lab_bmo_DisclosureOfDepositsPayableOnAFixedDateTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_019ce237-efb6-71cb-8c63-63cc6e92cc36_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net change in unrealized gains (losses) on fair value through OCI debt securities</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019ce237-ef22-7144-a5d3-3ad2eaa1dc15_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of assets</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019ce237-ef22-7614-9a63-4c4bcfad856d_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Assets at beginning of period</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_019ce237-ef22-7fb7-985d-90aad94c73ab_periodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Assets at end of period</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValue"/>
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    <link:label id="lab_bmo_TotalLossAbsorbingCapacityCapitalRatio_019ce237-ef22-73b1-b3ac-453bbb4e7f5a_terseLabel_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacityCapitalRatio" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TLAC Ratio</link:label>
    <link:label id="lab_bmo_TotalLossAbsorbingCapacityCapitalRatio_label_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacityCapitalRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Loss Absorbing Capacity capital Ratio</link:label>
    <link:label id="lab_bmo_TotalLossAbsorbingCapacityCapitalRatio_documentation_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacityCapitalRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total loss absorbing capacity capital ratio.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TotalLossAbsorbingCapacityCapitalRatio" xlink:href="bmo-20260430.xsd#bmo_TotalLossAbsorbingCapacityCapitalRatio"/>
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    <link:label id="lab_bmo_DepositsMoreThanOneHundredThousandDollarMember_019ce237-efb6-7a18-8820-cc0a7cb903fe_terseLabel_en-US" xlink:label="lab_bmo_DepositsMoreThanOneHundredThousandDollarMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits More Than One Hundred Thousand Dollar</link:label>
    <link:label id="lab_bmo_DepositsMoreThanOneHundredThousandDollarMember_label_en-US" xlink:label="lab_bmo_DepositsMoreThanOneHundredThousandDollarMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits More Than One Hundred Thousand Dollar [Member]</link:label>
    <link:label id="lab_bmo_DepositsMoreThanOneHundredThousandDollarMember_documentation_en-US" xlink:label="lab_bmo_DepositsMoreThanOneHundredThousandDollarMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deposits More Than One Hundred Thousand Dollar [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DepositsMoreThanOneHundredThousandDollarMember" xlink:href="bmo-20260430.xsd#bmo_DepositsMoreThanOneHundredThousandDollarMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DepositsMoreThanOneHundredThousandDollarMember" xlink:to="lab_bmo_DepositsMoreThanOneHundredThousandDollarMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StatementOfBalanceSheetTable_019ce237-ef22-7731-bdfd-fad2f01c1957_terseLabel_en-US" xlink:label="lab_bmo_StatementOfBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of Balance Sheet [Table]</link:label>
    <link:label id="lab_bmo_StatementOfBalanceSheetTable_label_en-US" xlink:label="lab_bmo_StatementOfBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Of Balance Sheet [Table]</link:label>
    <link:label id="lab_bmo_StatementOfBalanceSheetTable_documentation_en-US" xlink:label="lab_bmo_StatementOfBalanceSheetTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Statement Of Balance Sheet</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StatementOfBalanceSheetTable" xlink:href="bmo-20260430.xsd#bmo_StatementOfBalanceSheetTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StatementOfBalanceSheetTable" xlink:to="lab_bmo_StatementOfBalanceSheetTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpense_019ce237-ef22-74dc-9397-5fad74ec60e6_totalLabel_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
    <link:label id="lab_ifrs-full_InterestExpense_019ce237-ef22-7d5e-a9e4-393630c4a06f_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense for liabilities</link:label>
    <link:label id="lab_ifrs-full_InterestExpense_label_en-US" xlink:label="lab_ifrs-full_InterestExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpense"/>
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    <link:label id="lab_bmo_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_019ce237-efb6-757e-96f6-6d104c4dc781_totalLabel_en-US" xlink:label="lab_bmo_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:label id="lab_bmo_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_bmo_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Identifiable Assets Acquired Recognised As Of Acquisition Date</link:label>
    <link:label id="lab_bmo_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate_documentation_en-US" xlink:label="lab_bmo_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Identifiable Assets Acquired Recognised As Of Acquisition Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate" xlink:href="bmo-20260430.xsd#bmo_IdentifiableAssetsAcquiredRecognisedAsOfAcquisitionDate"/>
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    <link:label id="lab_bmo_First12MonthsMember_019ce237-ee59-7f11-b320-01e7cc61aa91_terseLabel_en-US" xlink:label="lab_bmo_First12MonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First 12 months</link:label>
    <link:label id="lab_bmo_First12MonthsMember_label_en-US" xlink:label="lab_bmo_First12MonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First 12 Months [Member]</link:label>
    <link:label id="lab_bmo_First12MonthsMember_documentation_en-US" xlink:label="lab_bmo_First12MonthsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">First 12 Months.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_First12MonthsMember" xlink:href="bmo-20260430.xsd#bmo_First12MonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_First12MonthsMember" xlink:to="lab_bmo_First12MonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PurchaseOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_019ce237-efb6-77a9-8b29-762306b28aef_negatedLabel_en-US" xlink:label="lab_bmo_PurchaseOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchases of securities, other than trading</link:label>
    <link:label id="lab_bmo_PurchaseOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_bmo_PurchaseOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of securities other than trading classified as investing activities</link:label>
    <link:label id="lab_bmo_PurchaseOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_documentation_en-US" xlink:label="lab_bmo_PurchaseOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments for purchase of securities other than trading, classified as investing activities.</link:label>
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    <link:label id="lab_bmo_DisclosureOfUnrealizedGainsAndLossesSecuritiesFVOCIExplanatoryTableTextBlock_019ce237-ef22-752d-af8e-af9e0d9164db_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfUnrealizedGainsAndLossesSecuritiesFVOCIExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Unrealized Gains and Losses on Securities at Fair Value through other Comprehensive Income</link:label>
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    <link:label id="lab_bmo_DisclosureOfUnrealizedGainsAndLossesSecuritiesFVOCIExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfUnrealizedGainsAndLossesSecuritiesFVOCIExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of unrealized gains and losses on securities at fair value through other comprehensive income.</link:label>
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    <link:label id="lab_bmo_CorporateServicesMember_019ce237-ef21-7f6b-b225-f94113616751_terseLabel_en-US" xlink:label="lab_bmo_CorporateServicesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate Services</link:label>
    <link:label id="lab_bmo_CorporateServicesMember_label_en-US" xlink:label="lab_bmo_CorporateServicesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate services [member]</link:label>
    <link:label id="lab_bmo_CorporateServicesMember_documentation_en-US" xlink:label="lab_bmo_CorporateServicesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate services.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CorporateServicesMember" xlink:href="bmo-20260430.xsd#bmo_CorporateServicesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CorporateServicesMember" xlink:to="lab_bmo_CorporateServicesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ExpectedCreditLossPeriod_019ce237-ef21-7d9c-9fc5-60fc1e02b30b_terseLabel_en-US" xlink:label="lab_bmo_ExpectedCreditLossPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected credit loss period</link:label>
    <link:label id="lab_bmo_ExpectedCreditLossPeriod_label_en-US" xlink:label="lab_bmo_ExpectedCreditLossPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected credit loss period</link:label>
    <link:label id="lab_bmo_ExpectedCreditLossPeriod_documentation_en-US" xlink:label="lab_bmo_ExpectedCreditLossPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expected credit loss period.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ExpectedCreditLossPeriod" xlink:href="bmo-20260430.xsd#bmo_ExpectedCreditLossPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ExpectedCreditLossPeriod" xlink:to="lab_bmo_ExpectedCreditLossPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems_019ce237-efb6-7aa8-bc3d-9d86514cd589_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about business combination [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about business combination [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfBusinessCombinationsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:to="lab_ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidOrdinaryShares_019ce237-ee59-7a06-a5ae-828c566742b0_negatedLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends on common shares</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid, ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidOrdinaryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidOrdinaryShares" xlink:to="lab_ifrs-full_DividendsPaidOrdinaryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1_019ce237-ee59-7969-9d20-34da78d3419f_terseLabel_en-US" xlink:label="lab_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Outstanding options excluded from calculation of diluted earnings per share (in shares)</link:label>
    <link:label id="lab_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1_label_en-US" xlink:label="lab_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Antidilutive Securities Excluded from Computation of Earnings Per Share Amount1</link:label>
    <link:label id="lab_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1_documentation_en-US" xlink:label="lab_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Antidilutive securities excluded from computation of earnings per share amount1.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1" xlink:href="bmo-20260430.xsd#bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1" xlink:to="lab_bmo_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesForIncurredClaimsMember_019ce237-ef22-77c4-b6e1-b563d688e5d9_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesForIncurredClaimsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities for incurred claims</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesForIncurredClaimsMember_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesForIncurredClaimsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities for incurred claims [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesForIncurredClaimsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesForIncurredClaimsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesForIncurredClaimsMember" xlink:to="lab_ifrs-full_LiabilitiesForIncurredClaimsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyDomain_019ce237-ef22-7f5d-b034-84b09c000054_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [domain]</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyDomain_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ResidentialMortgagesMember_019ce237-ee59-76d5-94b5-6891d5d7d0b9_terseLabel_en-US" xlink:label="lab_bmo_ResidentialMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans: Residential mortgages</link:label>
    <link:label id="lab_bmo_ResidentialMortgagesMember_019ce237-ee59-7a8a-be5b-e27d9807b0c6_verboseLabel_en-US" xlink:label="lab_bmo_ResidentialMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Residential mortgages</link:label>
    <link:label id="lab_bmo_ResidentialMortgagesMember_label_en-US" xlink:label="lab_bmo_ResidentialMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residential Mortgages [Member]</link:label>
    <link:label id="lab_bmo_ResidentialMortgagesMember_documentation_en-US" xlink:label="lab_bmo_ResidentialMortgagesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Residential Mortgages [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ResidentialMortgagesMember" xlink:href="bmo-20260430.xsd#bmo_ResidentialMortgagesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ResidentialMortgagesMember" xlink:to="lab_bmo_ResidentialMortgagesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember_019ce237-ef22-7bc4-805d-0674b66a677a_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost or amortized cost</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at amortised cost, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCostMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:to="lab_ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_019ce237-efb6-784f-8a70-74e546915bc6_terseLabel_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortisation of intangible assets</link:label>
    <link:label id="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Useful life measured as period of time, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CapitalRatio_019ce237-ef22-7b0b-9af6-57c28103e9d5_terseLabel_en-US" xlink:label="lab_bmo_CapitalRatio" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Capital Ratio</link:label>
    <link:label id="lab_bmo_CapitalRatio_label_en-US" xlink:label="lab_bmo_CapitalRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital ratio</link:label>
    <link:label id="lab_bmo_CapitalRatio_documentation_en-US" xlink:label="lab_bmo_CapitalRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total capital dividend by Total capital risk-weighted assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CapitalRatio" xlink:href="bmo-20260430.xsd#bmo_CapitalRatio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CapitalRatio" xlink:to="lab_bmo_CapitalRatio" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities_019ce237-ef22-756d-948f-d90b4e67cefe_terseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading securities</link:label>
    <link:label id="lab_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities_label_en-US" xlink:label="lab_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Increase Decrease In Trading Securities</link:label>
    <link:label id="lab_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for increase decrease in trading securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities" xlink:to="lab_bmo_AdjustmentsForIncreaseDecreaseInTradingSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SupplementalCashFlowDisclosureAbstract_019ce237-ee59-77f3-9b39-bbdd929192f6_terseLabel_en-US" xlink:label="lab_bmo_SupplementalCashFlowDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Supplemental Disclosure of Cash Flow Information</link:label>
    <link:label id="lab_bmo_SupplementalCashFlowDisclosureAbstract_label_en-US" xlink:label="lab_bmo_SupplementalCashFlowDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplemental Cash Flow Disclosure [abstract]</link:label>
    <link:label id="lab_bmo_SupplementalCashFlowDisclosureAbstract_documentation_en-US" xlink:label="lab_bmo_SupplementalCashFlowDisclosureAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Supplemental Cash Flow Disclosure [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SupplementalCashFlowDisclosureAbstract" xlink:href="bmo-20260430.xsd#bmo_SupplementalCashFlowDisclosureAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SupplementalCashFlowDisclosureAbstract" xlink:to="lab_bmo_SupplementalCashFlowDisclosureAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_019ce237-efb6-7632-8859-66874a709caa_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfShareCapitalAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalAxis" xlink:to="lab_ifrs-full_ClassesOfShareCapitalAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StructuredNoteLiabilities_019ce237-ef22-7eaf-a22e-5ffd200cc1ed_terseLabel_en-US" xlink:label="lab_bmo_StructuredNoteLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Structured note liabilities</link:label>
    <link:label id="lab_bmo_StructuredNoteLiabilities_label_en-US" xlink:label="lab_bmo_StructuredNoteLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Structured Note Liabilities</link:label>
    <link:label id="lab_bmo_StructuredNoteLiabilities_documentation_en-US" xlink:label="lab_bmo_StructuredNoteLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Structured note liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StructuredNoteLiabilities" xlink:href="bmo-20260430.xsd#bmo_StructuredNoteLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StructuredNoteLiabilities" xlink:to="lab_bmo_StructuredNoteLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BaseScenariosMember_019ce237-ef22-7e09-ab6b-be1d4e8669a3_terseLabel_en-US" xlink:label="lab_bmo_BaseScenariosMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Base</link:label>
    <link:label id="lab_bmo_BaseScenariosMember_label_en-US" xlink:label="lab_bmo_BaseScenariosMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Base Scenarios [Member]</link:label>
    <link:label id="lab_bmo_BaseScenariosMember_documentation_en-US" xlink:label="lab_bmo_BaseScenariosMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Base Scenario.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BaseScenariosMember" xlink:href="bmo-20260430.xsd#bmo_BaseScenariosMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BaseScenariosMember" xlink:to="lab_bmo_BaseScenariosMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation_019ce237-ef22-7669-a3bd-7b04cbcb8a83_negatedLabel_en-US" xlink:label="lab_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Common shares repurchased for cancellation (Note 6)</link:label>
    <link:label id="lab_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation_label_en-US" xlink:label="lab_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments To Repurchase Of Common Shares For Cancellation</link:label>
    <link:label id="lab_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation_documentation_en-US" xlink:label="lab_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payments To Repurchase Of Common Shares For Cancellation.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation" xlink:href="bmo-20260430.xsd#bmo_PaymentsToRepurchaseOfCommonSharesForCancellation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation" xlink:to="lab_bmo_PaymentsToRepurchaseOfCommonSharesForCancellation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidOtherShares_019ce237-ef22-7152-948d-8b43664c030d_negatedLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidOtherShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends on preferred shares and distributions on other equity instruments</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidOtherShares_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidOtherShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid, other shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidOtherShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidOtherShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidOtherShares" xlink:to="lab_ifrs-full_DividendsPaidOtherShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_019ce237-ef22-7fb3-8260-3a8807e580fe_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">3 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than two years and not later than three years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock_019ce237-efb6-70b4-9933-ddb88f54ef3d_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value of Financial Instruments Not Carried at Fair Value on the Balance Sheet</link:label>
    <link:label id="lab_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Fair Values of Financial Instruments Not Carried at Fair Value on Balance Sheet Explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Values of Financial Instruments Not Carried at Fair Value on the Balance Sheet.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock" xlink:to="lab_bmo_DisclosureOfFairValuesOfFinancialInstrumentsNotCarriedAtFairValueOnBalanceSheetExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInContingentLiabilitiesRecognisedInBusinessCombination_019ce237-efb6-7871-81b3-7b3ab034c0d5_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInContingentLiabilitiesRecognisedInBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Increase in contingent liabilities recognised in business combination</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInContingentLiabilitiesRecognisedInBusinessCombination_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInContingentLiabilitiesRecognisedInBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in contingent liabilities recognised in business combination</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInContingentLiabilitiesRecognisedInBusinessCombination" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInContingentLiabilitiesRecognisedInBusinessCombination"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInContingentLiabilitiesRecognisedInBusinessCombination" xlink:to="lab_ifrs-full_IncreaseDecreaseInContingentLiabilitiesRecognisedInBusinessCombination" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfSharebasedPaymentTable_019ce237-ef22-7846-881d-10577fa7a65d_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfSharebasedPaymentTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of sharebased payment [table]</link:label>
    <link:label id="lab_bmo_DisclosureOfSharebasedPaymentTable_label_en-US" xlink:label="lab_bmo_DisclosureOfSharebasedPaymentTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of sharebased payment [table]</link:label>
    <link:label id="lab_bmo_DisclosureOfSharebasedPaymentTable_documentation_en-US" xlink:label="lab_bmo_DisclosureOfSharebasedPaymentTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of sharebased payment [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfSharebasedPaymentTable" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfSharebasedPaymentTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfSharebasedPaymentTable" xlink:to="lab_bmo_DisclosureOfSharebasedPaymentTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_019ce237-efb6-7009-8c74-c0a885be0a0d_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities recognised as of acquisition date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_DeferredTaxLiabilitiesRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Equity_019ce237-ef21-7b08-81fa-d2e0b27c3e91_totalLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Equity</link:label>
    <link:label id="lab_ifrs-full_Equity_019ce237-ef21-7f5c-a1f7-4338c43e6b6e_periodStartLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:label id="lab_ifrs-full_Equity_019ce237-ef21-7b18-921b-9b169d2dff38_periodEndLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance at end of period</link:label>
    <link:label id="lab_ifrs-full_Equity_019ce237-ef21-7d1a-a56b-a9b3ee70b218_terseLabel_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount</link:label>
    <link:label id="lab_ifrs-full_Equity_label_en-US" xlink:label="lab_ifrs-full_Equity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Equity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="lab_ifrs-full_Equity" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations_019ce237-ef21-7ab4-91b6-2c1fb2f87c11_totalLabel_en-US" xlink:label="lab_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net (losses) on translation of net foreign operations</link:label>
    <link:label id="lab_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations_label_en-US" xlink:label="lab_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income Net Of Taxes Translation Of Net Foreign Operations</link:label>
    <link:label id="lab_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations_documentation_en-US" xlink:label="lab_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to exchange differences when financial statements of foreign operations are translated. [Refer: Other comprehensive income]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations" xlink:href="bmo-20260430.xsd#bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations" xlink:to="lab_bmo_OtherComprehensiveIncomeNetOfTaxesTranslationOfNetForeignOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember_019ce237-efb6-7e47-9150-26f7d8ba78af_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">6 to 12 months</link:label>
    <link:label id="lab_ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than six months and not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:to="lab_ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CorporateBbbTenYearSpread_019ce237-ee59-796d-823d-98b5ce7c8574_verboseLabel_en-US" xlink:label="lab_bmo_CorporateBbbTenYearSpread" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Corporate BBB 10-year spread</link:label>
    <link:label id="lab_bmo_CorporateBbbTenYearSpread_label_en-US" xlink:label="lab_bmo_CorporateBbbTenYearSpread" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate BBB ten year spread</link:label>
    <link:label id="lab_bmo_CorporateBbbTenYearSpread_documentation_en-US" xlink:label="lab_bmo_CorporateBbbTenYearSpread" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate BBB ten year spread.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CorporateBbbTenYearSpread" xlink:href="bmo-20260430.xsd#bmo_CorporateBbbTenYearSpread"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CorporateBbbTenYearSpread" xlink:to="lab_bmo_CorporateBbbTenYearSpread" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_UnitedStatesFederalGovernmentSecuritiesMember_019ce237-ef22-7840-b22f-2635dfc7ff8c_terseLabel_en-US" xlink:label="lab_bmo_UnitedStatesFederalGovernmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. federal government</link:label>
    <link:label id="lab_bmo_UnitedStatesFederalGovernmentSecuritiesMember_label_en-US" xlink:label="lab_bmo_UnitedStatesFederalGovernmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">United States Federal Government Securities [member]</link:label>
    <link:label id="lab_bmo_UnitedStatesFederalGovernmentSecuritiesMember_documentation_en-US" xlink:label="lab_bmo_UnitedStatesFederalGovernmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">United States Federal Government Securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_UnitedStatesFederalGovernmentSecuritiesMember" xlink:href="bmo-20260430.xsd#bmo_UnitedStatesFederalGovernmentSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_UnitedStatesFederalGovernmentSecuritiesMember" xlink:to="lab_bmo_UnitedStatesFederalGovernmentSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_019ce237-ee59-7693-8fef-094b831490cb_verboseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Premises and equipment</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment" xlink:to="lab_ifrs-full_PropertyPlantAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_019ce237-ee59-7784-813e-808382f3dde8_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net unrealized gains (losses) on fair value through OCI equity securities arising during the period</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) from investments in equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_019ce237-ef22-7720-b0c5-4212ef72db16_negatedLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Sales</link:label>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SalesFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SalesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_SalesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TierOneCapitalRatio_019ce237-ef22-738d-8f4d-1d2bb05fa961_terseLabel_en-US" xlink:label="lab_bmo_TierOneCapitalRatio" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tier 1 Capital Ratio</link:label>
    <link:label id="lab_bmo_TierOneCapitalRatio_label_en-US" xlink:label="lab_bmo_TierOneCapitalRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tier one capital ratio</link:label>
    <link:label id="lab_bmo_TierOneCapitalRatio_documentation_en-US" xlink:label="lab_bmo_TierOneCapitalRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tier 1 capital dividend by Tier 1 capital risk-weighted assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TierOneCapitalRatio" xlink:href="bmo-20260430.xsd#bmo_TierOneCapitalRatio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TierOneCapitalRatio" xlink:to="lab_bmo_TierOneCapitalRatio" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ForeignExchangeContractsMember_019ce237-ef22-7ab0-b47c-65d3a397b6ad_terseLabel_en-US" xlink:label="lab_bmo_ForeignExchangeContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange contracts</link:label>
    <link:label id="lab_bmo_ForeignExchangeContractsMember_label_en-US" xlink:label="lab_bmo_ForeignExchangeContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Exchange Contracts [member]</link:label>
    <link:label id="lab_bmo_ForeignExchangeContractsMember_documentation_en-US" xlink:label="lab_bmo_ForeignExchangeContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Foreign exchange contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ForeignExchangeContractsMember" xlink:href="bmo-20260430.xsd#bmo_ForeignExchangeContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ForeignExchangeContractsMember" xlink:to="lab_bmo_ForeignExchangeContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember_019ce237-ef22-7bce-b24c-e5a54941d402_terseLabel_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income on Translation of Net Foreign Operations, net of taxes</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember_label_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income on Translation of Net Foreign Operations, net of taxes [Member]</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember_documentation_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income on Translation of Net Foreign Operations, net of taxes [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember" xlink:href="bmo-20260430.xsd#bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember" xlink:to="lab_bmo_AccumulatedOtherComprehensiveIncomeOnTranslationOfNetForeignOperationsNetOfTaxesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PersonalDepositMember_019ce237-efb6-7e78-aaa9-9717018969e1_terseLabel_en-US" xlink:label="lab_bmo_PersonalDepositMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Individuals</link:label>
    <link:label id="lab_bmo_PersonalDepositMember_label_en-US" xlink:label="lab_bmo_PersonalDepositMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Personal Deposit [Member]</link:label>
    <link:label id="lab_bmo_PersonalDepositMember_documentation_en-US" xlink:label="lab_bmo_PersonalDepositMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Personal Deposit [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PersonalDepositMember" xlink:href="bmo-20260430.xsd#bmo_PersonalDepositMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PersonalDepositMember" xlink:to="lab_bmo_PersonalDepositMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember_019ce237-ef22-709d-abdb-4f42d5a93471_terseLabel_en-US" xlink:label="lab_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">6.875% Limited Recourse Capital Notes, Series 6 (LRCNs, Series 6)</link:label>
    <link:label id="lab_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember_label_en-US" xlink:label="lab_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Six Point Eight Seven Five Percentage Limited Recourse Capital Notes Series Six [Member]</link:label>
    <link:label id="lab_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember_documentation_en-US" xlink:label="lab_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Six Point Eight Seven Five Percentage Limited Recourse Capital Notes Series Six</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember" xlink:href="bmo-20260430.xsd#bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember" xlink:to="lab_bmo_SixPointEightSevenFivePercentageLimitedRecourseCapitalNotesSeriesSixMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_UpsideScenariosMember_019ce237-ef22-71a3-953a-15442a4aacdc_terseLabel_en-US" xlink:label="lab_bmo_UpsideScenariosMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Upside</link:label>
    <link:label id="lab_bmo_UpsideScenariosMember_label_en-US" xlink:label="lab_bmo_UpsideScenariosMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Upside Scenarios [Member]</link:label>
    <link:label id="lab_bmo_UpsideScenariosMember_documentation_en-US" xlink:label="lab_bmo_UpsideScenariosMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Upside scenarios.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_UpsideScenariosMember" xlink:href="bmo-20260430.xsd#bmo_UpsideScenariosMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_UpsideScenariosMember" xlink:to="lab_bmo_UpsideScenariosMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherCountriesMember_019ce237-efb6-71a7-90ae-e4e6296bb86a_terseLabel_en-US" xlink:label="lab_bmo_OtherCountriesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other countries</link:label>
    <link:label id="lab_bmo_OtherCountriesMember_019ce237-efb6-76d7-89dd-f6bba6ff413c_verboseLabel_en-US" xlink:label="lab_bmo_OtherCountriesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_bmo_OtherCountriesMember_label_en-US" xlink:label="lab_bmo_OtherCountriesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Countries [member]</link:label>
    <link:label id="lab_bmo_OtherCountriesMember_documentation_en-US" xlink:label="lab_bmo_OtherCountriesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other countries.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherCountriesMember" xlink:href="bmo-20260430.xsd#bmo_OtherCountriesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherCountriesMember" xlink:to="lab_bmo_OtherCountriesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NetTotalLoansAndAcceptancesMember_019ce237-ee59-7b58-a6b4-b58831ee01cb_terseLabel_en-US" xlink:label="lab_bmo_NetTotalLoansAndAcceptancesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total net loans and acceptances</link:label>
    <link:label id="lab_bmo_NetTotalLoansAndAcceptancesMember_label_en-US" xlink:label="lab_bmo_NetTotalLoansAndAcceptancesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Total Loans And Acceptances [Member]</link:label>
    <link:label id="lab_bmo_NetTotalLoansAndAcceptancesMember_documentation_en-US" xlink:label="lab_bmo_NetTotalLoansAndAcceptancesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net total loans and acceptances.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NetTotalLoansAndAcceptancesMember" xlink:href="bmo-20260430.xsd#bmo_NetTotalLoansAndAcceptancesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NetTotalLoansAndAcceptancesMember" xlink:to="lab_bmo_NetTotalLoansAndAcceptancesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading_019ce237-ef22-7263-a644-59d7597610b5_verboseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Securities (gains), other than trading (Note 2)</link:label>
    <link:label id="lab_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading_label_en-US" xlink:label="lab_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Net Gain Loss On Securities Other Than Trading</link:label>
    <link:label id="lab_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for net gain loss on securities other than trading.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading" xlink:to="lab_bmo_AdjustmentsForNetGainLossOnSecuritiesOtherThanTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock_019ce237-ef22-7525-8137-61ac74b3f684_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Maturity Schedule for Deposits Greater than One Hundred Thousand Dollars Booked In Canada</link:label>
    <link:label id="lab_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Maturity Schedule For Deposits Greater Than One Hundred Thousand Dollars Booked In Canada [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of maturity schedule for deposits greater than one hundred thousand dollars booked in Canada.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock" xlink:to="lab_bmo_DisclosureOfMaturityScheduleForDepositsGreaterThanOneHundredThousandDollarsBookedInCanadaTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_019ce237-ef22-7fc6-9e89-bf3e9e3a8136_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Attributable to:</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAssets_019ce237-ee59-7156-a97a-63ba7bc877c9_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherAssets_label_en-US" xlink:label="lab_ifrs-full_OtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssets" xlink:to="lab_ifrs-full_OtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StageThreeMember_019ce237-ee59-701a-82bc-c28027711f6b_terseLabel_en-US" xlink:label="lab_bmo_StageThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 3</link:label>
    <link:label id="lab_bmo_StageThreeMember_label_en-US" xlink:label="lab_bmo_StageThreeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage three [Member]</link:label>
    <link:label id="lab_bmo_StageThreeMember_documentation_en-US" xlink:label="lab_bmo_StageThreeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stage three.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StageThreeMember" xlink:href="bmo-20260430.xsd#bmo_StageThreeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StageThreeMember" xlink:to="lab_bmo_StageThreeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_019ce237-efb6-7309-8f33-6038cef851ca_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Items that will not be subsequently reclassified to net income</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="lab_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_019ce237-ef21-77db-8e91-e6d50132a02a_terseLabel_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 1 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level1OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceForCreditLossesOfAmortizedCost_019ce237-ef22-7627-9436-d91050ec2761_terseLabel_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOfAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for credit losses of amortized cost</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOfAmortizedCost_label_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOfAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Credit Losses Of Amortized cost</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOfAmortizedCost_documentation_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOfAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance for credit losses of amortized cost.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceForCreditLossesOfAmortizedCost" xlink:href="bmo-20260430.xsd#bmo_AllowanceForCreditLossesOfAmortizedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceForCreditLossesOfAmortizedCost" xlink:to="lab_bmo_AllowanceForCreditLossesOfAmortizedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity_019ce237-efb6-7bc4-bf2c-d2a63c0b48a8_terseLabel_en-US" xlink:label="lab_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of shares issued in an acquisition (in shares)</link:label>
    <link:label id="lab_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity_label_en-US" xlink:label="lab_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares Issued Through Acquisition Of Subsidiary, Equity</link:label>
    <link:label id="lab_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity_documentation_en-US" xlink:label="lab_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares Issued Through Acquisition Of Subsidiary, Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity" xlink:href="bmo-20260430.xsd#bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity" xlink:to="lab_bmo_NumberOfSharesIssuedThroughAcquisitionOfSubsidiaryEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_019ce237-ef21-7947-be52-eaa85a5292e1_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of share options granted in share-based payment arrangement</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="lab_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceForCreditLossesOfFvociSecurities_019ce237-ef22-76af-a4be-b1f5170730b9_terseLabel_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOfFvociSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for credit losses of FVOCI securities</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOfFvociSecurities_label_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOfFvociSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Credit Losses Of FVOCI Securities</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOfFvociSecurities_documentation_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOfFvociSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance for credit losses of FVOCI securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceForCreditLossesOfFvociSecurities" xlink:href="bmo-20260430.xsd#bmo_AllowanceForCreditLossesOfFvociSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceForCreditLossesOfFvociSecurities" xlink:to="lab_bmo_AllowanceForCreditLossesOfFvociSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementEntitysOwnEquityInstruments_019ce237-ef22-7f22-83f9-ed32fac1d68a_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementEntitysOwnEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unrealized gains (losses) on fair value through OCI equity securities arising during the period</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementEntitysOwnEquityInstruments_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementEntitysOwnEquityInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, entity's own equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementEntitysOwnEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementEntitysOwnEquityInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementEntitysOwnEquityInstruments" xlink:to="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementEntitysOwnEquityInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InvestmentGradeMember_019ce237-ef22-72d8-83a0-3fd188652cb7_terseLabel_en-US" xlink:label="lab_bmo_InvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment grade</link:label>
    <link:label id="lab_bmo_InvestmentGradeMember_label_en-US" xlink:label="lab_bmo_InvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment grade [Member]</link:label>
    <link:label id="lab_bmo_InvestmentGradeMember_documentation_en-US" xlink:label="lab_bmo_InvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment grade.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InvestmentGradeMember" xlink:href="bmo-20260430.xsd#bmo_InvestmentGradeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InvestmentGradeMember" xlink:to="lab_bmo_InvestmentGradeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SecuritiesGainsOtherThanTrading_019ce237-ef22-7c9b-b0c9-4ee1b7fad8cc_totalLabel_en-US" xlink:label="lab_bmo_SecuritiesGainsOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Securities gains, other than trading</link:label>
    <link:label id="lab_bmo_SecuritiesGainsOtherThanTrading_label_en-US" xlink:label="lab_bmo_SecuritiesGainsOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities gains, other than trading</link:label>
    <link:label id="lab_bmo_SecuritiesGainsOtherThanTrading_documentation_en-US" xlink:label="lab_bmo_SecuritiesGainsOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities gains, other than trading.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritiesGainsOtherThanTrading" xlink:href="bmo-20260430.xsd#bmo_SecuritiesGainsOtherThanTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SecuritiesGainsOtherThanTrading" xlink:to="lab_bmo_SecuritiesGainsOtherThanTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_019ce237-ee59-739f-8c78-61c87dc12655_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level2OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PreferredSharesRedeemed_019ce237-efb6-72d0-a832-c42ef2273f6e_terseLabel_en-US" xlink:label="lab_bmo_PreferredSharesRedeemed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred shares redeemed</link:label>
    <link:label id="lab_bmo_PreferredSharesRedeemed_label_en-US" xlink:label="lab_bmo_PreferredSharesRedeemed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Shares Redeemed</link:label>
    <link:label id="lab_bmo_PreferredSharesRedeemed_documentation_en-US" xlink:label="lab_bmo_PreferredSharesRedeemed" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred Shares Redeemed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PreferredSharesRedeemed" xlink:href="bmo-20260430.xsd#bmo_PreferredSharesRedeemed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PreferredSharesRedeemed" xlink:to="lab_bmo_PreferredSharesRedeemed" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_019ce237-ef22-7ced-a656-4b41efe0e404_negatedLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash dividends and distributions paid</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates_019ce237-efb6-7deb-b717-e0a41cb6ed2f_negatedTerseLabel_en-US" xlink:label="lab_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">50 basis point decrease</link:label>
    <link:label id="lab_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates_label_en-US" xlink:label="lab_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease In Profit Or Loss From Fifty Basis Point Decrease In Interest Rates</link:label>
    <link:label id="lab_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates_documentation_en-US" xlink:label="lab_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease In Profit Or Loss From Fifty Basis Point Decrease In Interest Rates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates" xlink:href="bmo-20260430.xsd#bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates" xlink:to="lab_bmo_DecreaseInProfitOrLossFromFiftyBasisPointDecreaseInInterestRates" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember_019ce237-ef22-7f13-89f2-df5b8218c0b8_verboseLabel_en-US" xlink:label="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Related to performing loans, assuming 100% severe downside scenario</link:label>
    <link:label id="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember_label_en-US" xlink:label="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related to performing loans, assuming hundred percent severe downside scenario [Member]</link:label>
    <link:label id="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember_documentation_en-US" xlink:label="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to performing loans, assuming hundred percent adverse scenario.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember" xlink:href="bmo-20260430.xsd#bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember" xlink:to="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentSevereDownsideScenarioMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_019ce237-ef22-7c05-8e56-bdb02030e697_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FVTPL Securities</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through profit or loss, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_019ce237-efb6-7b0c-b76e-2ee2db20526e_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bank shareholders</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_019ce237-efb6-77a5-baf2-4db1b902995f_netLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Net income attributable to bank shareholders</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_019ce237-efb6-7216-8365-e493b4474f22_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income (loss) attributable to bank shareholders</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfFinancialPositionAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfFinancialPositionAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="lab_ifrs-full_StatementOfFinancialPositionAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForProvisions_019ce237-ef22-7700-acc7-7fcd56d08be8_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForProvisions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for credit losses (Note 3)</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForProvisions_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForProvisions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for provisions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForProvisions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForProvisions" xlink:to="lab_ifrs-full_AdjustmentsForProvisions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities_019ce237-ef22-7ef1-9246-bb7400c9d54f_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense on other financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnOtherFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:to="lab_ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_019ce237-ef22-7278-a158-a6a0ea40be50_negatedLabel_en-US" xlink:label="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Redemption of preferred shares (Note 6)</link:label>
    <link:label id="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares_label_en-US" xlink:label="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments to acquire or redeem entity's shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PaymentsToAcquireOrRedeemEntitysShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:to="lab_ifrs-full_PaymentsToAcquireOrRedeemEntitysShares" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember_019ce237-ef22-7590-af8b-8e8a9372c7e6_terseLabel_en-US" xlink:label="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets or liabilities, measured at fair value</link:label>
    <link:label id="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember_019ce237-ef22-7303-b8b3-bc7d2ed09938_verboseLabel_en-US" xlink:label="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Measured at fair value</link:label>
    <link:label id="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember_label_en-US" xlink:label="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets or liabilities, measured at fair value [Member]</link:label>
    <link:label id="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember_documentation_en-US" xlink:label="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Measured at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember" xlink:href="bmo-20260430.xsd#bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember" xlink:to="lab_bmo_FinancialAssetsOrLiabilitiesMeasuredAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestExpenseOnDeposits_019ce237-ef22-7f43-8fd0-842decbbf4bd_terseLabel_en-US" xlink:label="lab_bmo_InterestExpenseOnDeposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_bmo_InterestExpenseOnDeposits_label_en-US" xlink:label="lab_bmo_InterestExpenseOnDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense on Deposits</link:label>
    <link:label id="lab_bmo_InterestExpenseOnDeposits_documentation_en-US" xlink:label="lab_bmo_InterestExpenseOnDeposits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Expense on Deposits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestExpenseOnDeposits" xlink:href="bmo-20260430.xsd#bmo_InterestExpenseOnDeposits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestExpenseOnDeposits" xlink:to="lab_bmo_InterestExpenseOnDeposits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansAxis_019ce237-ef22-7319-83e7-a110fbc1ef23_terseLabel_en-US" xlink:label="lab_ifrs-full_DefinedBenefitPlansAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined benefit plans [axis]</link:label>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansAxis_label_en-US" xlink:label="lab_ifrs-full_DefinedBenefitPlansAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined benefit plans [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DefinedBenefitPlansAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DefinedBenefitPlansAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DefinedBenefitPlansAxis" xlink:to="lab_ifrs-full_DefinedBenefitPlansAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterests_019ce237-ef21-7393-a0de-8839062aa020_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends to non-controlling interest in subsidiaries</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToNoncontrollingInterests" xlink:to="lab_ifrs-full_DividendsPaidToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_UnderwritingAndAdvisoryFeesIncome_019ce237-ef22-745b-8d18-dce2b4520f99_terseLabel_en-US" xlink:label="lab_bmo_UnderwritingAndAdvisoryFeesIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Underwriting and advisory fees</link:label>
    <link:label id="lab_bmo_UnderwritingAndAdvisoryFeesIncome_label_en-US" xlink:label="lab_bmo_UnderwritingAndAdvisoryFeesIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Underwriting And Advisory Fees Income</link:label>
    <link:label id="lab_bmo_UnderwritingAndAdvisoryFeesIncome_documentation_en-US" xlink:label="lab_bmo_UnderwritingAndAdvisoryFeesIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Underwriting and advisory fees income.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_UnderwritingAndAdvisoryFeesIncome" xlink:href="bmo-20260430.xsd#bmo_UnderwritingAndAdvisoryFeesIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_UnderwritingAndAdvisoryFeesIncome" xlink:to="lab_bmo_UnderwritingAndAdvisoryFeesIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PensionPlansMember_019ce237-ef21-70f3-8a8b-a8d447f5db45_terseLabel_en-US" xlink:label="lab_bmo_PensionPlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension plans</link:label>
    <link:label id="lab_bmo_PensionPlansMember_label_en-US" xlink:label="lab_bmo_PensionPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension Plans [member]</link:label>
    <link:label id="lab_bmo_PensionPlansMember_documentation_en-US" xlink:label="lab_bmo_PensionPlansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pension Plans [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PensionPlansMember" xlink:href="bmo-20260430.xsd#bmo_PensionPlansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PensionPlansMember" xlink:to="lab_bmo_PensionPlansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities_019ce237-ef22-7c73-b713-ab7a553f2859_terseLabel_en-US" xlink:label="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net of income tax provision, reclassification to earnings of (gains)</link:label>
    <link:label id="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities_label_en-US" xlink:label="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Relating To Reclassification To Earnings On Fair Value Through Other Comprehensive Income Securities</link:label>
    <link:label id="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities_documentation_en-US" xlink:label="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income tax relating to reclassification to earnings on fair value through other&#8203; comprehensive&#8203; income securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities" xlink:href="bmo-20260430.xsd#bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities" xlink:to="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnFairValueThroughOtherComprehensiveIncomeSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalRatio1_019ce237-ef22-7fed-aea7-78bf91fe5696_terseLabel_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalRatio1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CET1 Ratio</link:label>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalRatio1_label_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalRatio1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common equity tier one capital ratio1</link:label>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalRatio1_documentation_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalRatio1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Common shareholder's equity, net of capital adjustments, divided by Common Equity Tier 1 capital risk-weighted assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CommonEquityTierOneCapitalRatio1" xlink:href="bmo-20260430.xsd#bmo_CommonEquityTierOneCapitalRatio1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CommonEquityTierOneCapitalRatio1" xlink:to="lab_bmo_CommonEquityTierOneCapitalRatio1" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ContractualServiceMarginFromContracts_019ce237-ef22-7923-a3cb-595580131710_terseLabel_en-US" xlink:label="lab_bmo_ContractualServiceMarginFromContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual service margin</link:label>
    <link:label id="lab_bmo_ContractualServiceMarginFromContracts_label_en-US" xlink:label="lab_bmo_ContractualServiceMarginFromContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual Service Margin From Contracts</link:label>
    <link:label id="lab_bmo_ContractualServiceMarginFromContracts_documentation_en-US" xlink:label="lab_bmo_ContractualServiceMarginFromContracts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contractual service margin from contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ContractualServiceMarginFromContracts" xlink:href="bmo-20260430.xsd#bmo_ContractualServiceMarginFromContracts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ContractualServiceMarginFromContracts" xlink:to="lab_bmo_ContractualServiceMarginFromContracts" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld_019ce237-ef21-7426-9737-bb1e625da0b5_terseLabel_en-US" xlink:label="lab_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance finance income (expense) from insurance and reinsurance contracts held</link:label>
    <link:label id="lab_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld_label_en-US" xlink:label="lab_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Finance Income Expenses From Insurance And Reinsurance Contracts Held</link:label>
    <link:label id="lab_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld_documentation_en-US" xlink:label="lab_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance finance income expenses from insurance and reinsurance contracts held.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld" xlink:href="bmo-20260430.xsd#bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld" xlink:to="lab_bmo_InsuranceFinanceIncomeExpensesFromInsuranceAndReinsuranceContractsHeld" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DebtInstrument1Axis_019ce237-ef22-7538-a617-aca74629756d_terseLabel_en-US" xlink:label="lab_bmo_DebtInstrument1Axis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:label id="lab_bmo_DebtInstrument1Axis_label_en-US" xlink:label="lab_bmo_DebtInstrument1Axis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument 1 [Axis]</link:label>
    <link:label id="lab_bmo_DebtInstrument1Axis_documentation_en-US" xlink:label="lab_bmo_DebtInstrument1Axis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt instrument 1.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DebtInstrument1Axis" xlink:href="bmo-20260430.xsd#bmo_DebtInstrument1Axis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DebtInstrument1Axis" xlink:to="lab_bmo_DebtInstrument1Axis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ShareRepurchaseProgramPricePerShare_019ce237-ef22-72f6-86d6-783a058e633d_terseLabel_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramPricePerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share repurchase program price per share (in canadian dollars per share)</link:label>
    <link:label id="lab_bmo_ShareRepurchaseProgramPricePerShare_label_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramPricePerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Repurchase Program Price Per Share</link:label>
    <link:label id="lab_bmo_ShareRepurchaseProgramPricePerShare_documentation_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramPricePerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share repurchase program price per share.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ShareRepurchaseProgramPricePerShare" xlink:href="bmo-20260430.xsd#bmo_ShareRepurchaseProgramPricePerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ShareRepurchaseProgramPricePerShare" xlink:to="lab_bmo_ShareRepurchaseProgramPricePerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_VeryLowProbabilityOfDefaultMember_019ce237-ef22-7fcb-9201-88614938b08c_terseLabel_en-US" xlink:label="lab_bmo_VeryLowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Very low</link:label>
    <link:label id="lab_bmo_VeryLowProbabilityOfDefaultMember_label_en-US" xlink:label="lab_bmo_VeryLowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Very low probability of default [member]</link:label>
    <link:label id="lab_bmo_VeryLowProbabilityOfDefaultMember_documentation_en-US" xlink:label="lab_bmo_VeryLowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Very low probability of default.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_VeryLowProbabilityOfDefaultMember" xlink:href="bmo-20260430.xsd#bmo_VeryLowProbabilityOfDefaultMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_VeryLowProbabilityOfDefaultMember" xlink:to="lab_bmo_VeryLowProbabilityOfDefaultMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ClassBSeriesFiftyPreferredSharesMember_019ce237-ee59-73c0-bb03-62bd0a4d6167_terseLabel_en-US" xlink:label="lab_bmo_ClassBSeriesFiftyPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class B &#8211; Series 50</link:label>
    <link:label id="lab_bmo_ClassBSeriesFiftyPreferredSharesMember_label_en-US" xlink:label="lab_bmo_ClassBSeriesFiftyPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class B Series Fifty Preferred Shares [Member]</link:label>
    <link:label id="lab_bmo_ClassBSeriesFiftyPreferredSharesMember_documentation_en-US" xlink:label="lab_bmo_ClassBSeriesFiftyPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class b series fifty preferred shares.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ClassBSeriesFiftyPreferredSharesMember" xlink:href="bmo-20260430.xsd#bmo_ClassBSeriesFiftyPreferredSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ClassBSeriesFiftyPreferredSharesMember" xlink:to="lab_bmo_ClassBSeriesFiftyPreferredSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonInterestExpenseExcludingAmortization_019ce237-ee59-743d-82f6-69da25cf6f56_terseLabel_en-US" xlink:label="lab_bmo_NonInterestExpenseExcludingAmortization" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-interest expense</link:label>
    <link:label id="lab_bmo_NonInterestExpenseExcludingAmortization_label_en-US" xlink:label="lab_bmo_NonInterestExpenseExcludingAmortization" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non interest expense excluding amortization</link:label>
    <link:label id="lab_bmo_NonInterestExpenseExcludingAmortization_documentation_en-US" xlink:label="lab_bmo_NonInterestExpenseExcludingAmortization" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non interest expense excluding amortization.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonInterestExpenseExcludingAmortization" xlink:href="bmo-20260430.xsd#bmo_NonInterestExpenseExcludingAmortization"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonInterestExpenseExcludingAmortization" xlink:to="lab_bmo_NonInterestExpenseExcludingAmortization" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets_019ce237-efb6-72ec-a3b8-43507e4b77d0_terseLabel_en-US" xlink:label="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers into Level 3</link:label>
    <link:label id="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets_label_en-US" xlink:label="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers into Level 3 of fair value hierarchy, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:to="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome_019ce237-ef22-7312-980a-7f88c6c88cb0_terseLabel_en-US" xlink:label="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net of income tax (recovery), reclassification to earnings of losses on derivatives designated as cash flow hedges</link:label>
    <link:label id="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Relating To Reclassification To Earnings On Cash Flow Hedges Of Other Comprehensive Income</link:label>
    <link:label id="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome_documentation_en-US" xlink:label="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income tax relating to amounts recognised in other comprehensive income in relation to reclassification to earnings of (gains) losses on cash flow hedges.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome" xlink:href="bmo-20260430.xsd#bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome" xlink:to="lab_bmo_IncomeTaxRelatingToReclassificationToEarningsOnCashFlowHedgesOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DeferredTaxAssets_019ce237-ef22-7444-b722-b1b671ba3ebd_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxAssets_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DeferredTaxAssets" xlink:to="lab_ifrs-full_DeferredTaxAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts_019ce237-ef21-798c-a405-9aff1f3dcd95_terseLabel_en-US" xlink:label="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and financial guarantee contracts</link:label>
    <link:label id="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts_label_en-US" xlink:label="lab_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exposure to credit risk on loan commitments and financial guarantee contracts</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts"/>
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    <link:label id="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory_019ce237-ef22-78be-8cac-863051b11cef_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of insurance contracts [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfInsuranceContractsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInsuranceContractsExplanatory"/>
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    <link:label id="lab_ifrs-full_NoncontrollingInterestsMember_019ce237-ee59-70f8-b745-9a12e3ae09a4_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Controlling Interest in Subsidiaries</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterestsMember_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterestsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterestsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterestsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterestsMember" xlink:to="lab_ifrs-full_NoncontrollingInterestsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_019ce237-ee59-74a9-b7de-8c07c3a15bac_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interest in subsidiaries</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
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    <link:label id="lab_ifrs-full_SalesFairValueMeasurementLiabilities_019ce237-ee59-737d-a379-87e45796e062_negatedLabel_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Sales</link:label>
    <link:label id="lab_ifrs-full_SalesFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sales, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SalesFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_SalesFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_019ce237-efb6-76a6-b545-384800e7d5df_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Flows Provided by (Used in) Financing Activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ExpectedOwnershipOfInterestInSubsidiary_019e657d-e8b2-7ea5-959e-2c9f05d5ae10_terseLabel_en-US" xlink:label="lab_bmo_ExpectedOwnershipOfInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity interest ownership percent</link:label>
    <link:label id="lab_bmo_ExpectedOwnershipOfInterestInSubsidiary_label_en-US" xlink:label="lab_bmo_ExpectedOwnershipOfInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected Ownership Of Interest In Subsidiary</link:label>
    <link:label id="lab_bmo_ExpectedOwnershipOfInterestInSubsidiary_documentation_en-US" xlink:label="lab_bmo_ExpectedOwnershipOfInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expected Ownership Of Interest In Subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ExpectedOwnershipOfInterestInSubsidiary" xlink:href="bmo-20260430.xsd#bmo_ExpectedOwnershipOfInterestInSubsidiary"/>
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    <link:label id="lab_ifrs-full_ClassesOfLiabilitiesDomain_019ce237-efb6-7ccf-85f8-d3f11181910b_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfLiabilitiesDomain" xlink:to="lab_ifrs-full_ClassesOfLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_UnitedStatesPersonalAndCommercialBankingMember_019ce237-ef22-784f-98d5-709309413e16_terseLabel_en-US" xlink:label="lab_bmo_UnitedStatesPersonalAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. Banking</link:label>
    <link:label id="lab_bmo_UnitedStatesPersonalAndCommercialBankingMember_label_en-US" xlink:label="lab_bmo_UnitedStatesPersonalAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">United States Personal and Commercial Banking[Member]</link:label>
    <link:label id="lab_bmo_UnitedStatesPersonalAndCommercialBankingMember_documentation_en-US" xlink:label="lab_bmo_UnitedStatesPersonalAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">United States Personal and Commercial Banking[Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_UnitedStatesPersonalAndCommercialBankingMember" xlink:href="bmo-20260430.xsd#bmo_UnitedStatesPersonalAndCommercialBankingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_UnitedStatesPersonalAndCommercialBankingMember" xlink:to="lab_bmo_UnitedStatesPersonalAndCommercialBankingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BaseCaseScenarioMember_019ce237-ef22-79ba-9839-596eed8c2aed_terseLabel_en-US" xlink:label="lab_bmo_BaseCaseScenarioMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Base case scenario</link:label>
    <link:label id="lab_bmo_BaseCaseScenarioMember_label_en-US" xlink:label="lab_bmo_BaseCaseScenarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Base Case Scenario [Member]</link:label>
    <link:label id="lab_bmo_BaseCaseScenarioMember_documentation_en-US" xlink:label="lab_bmo_BaseCaseScenarioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Base Case Scenario Member.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BaseCaseScenarioMember" xlink:href="bmo-20260430.xsd#bmo_BaseCaseScenarioMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BaseCaseScenarioMember" xlink:to="lab_bmo_BaseCaseScenarioMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_019ce237-ef22-7668-a8a6-75b10f7de195_totalLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Comprehensive Income</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="lab_ifrs-full_ComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityAbstract"/>
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    <link:label id="lab_ifrs-full_RetainedEarnings_019ce237-ef22-7f27-9c97-e5ea7eb199f4_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:label id="lab_ifrs-full_RetainedEarnings_label_en-US" xlink:label="lab_ifrs-full_RetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarnings" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarnings"/>
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    <link:label id="lab_ifrs-full_MeasurementDomain_019ce237-ef22-7153-a3c0-cf32089750a7_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Measurement [domain]</link:label>
    <link:label id="lab_ifrs-full_MeasurementDomain_label_en-US" xlink:label="lab_ifrs-full_MeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementDomain"/>
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    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_019ce237-efb6-7249-b125-d27578a37c6a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Fair Value of Assets Acquired and Liabilities Assumed at the Date of Acquisition</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about business combination [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBusinessCombinationsExplanatory"/>
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    <link:label id="lab_bmo_BurgundyAssetManagementLtd.Member_019ce237-ee59-7c0d-8755-3c3a2b11aa82_terseLabel_en-US" xlink:label="lab_bmo_BurgundyAssetManagementLtd.Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Burgundy Asset Management Ltd.</link:label>
    <link:label id="lab_bmo_BurgundyAssetManagementLtd.Member_label_en-US" xlink:label="lab_bmo_BurgundyAssetManagementLtd.Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Burgundy Asset Management Ltd. [Member]</link:label>
    <link:label id="lab_bmo_BurgundyAssetManagementLtd.Member_documentation_en-US" xlink:label="lab_bmo_BurgundyAssetManagementLtd.Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Burgundy Asset Management Ltd.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BurgundyAssetManagementLtd.Member" xlink:href="bmo-20260430.xsd#bmo_BurgundyAssetManagementLtd.Member"/>
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    <link:label id="lab_bmo_SevenPointThreeTwoFivePercentageLimitedRecourseCapitalNotesSeriesThreeMember_019ce237-efb6-72b3-8579-4973a6576cf7_terseLabel_en-US" xlink:label="lab_bmo_SevenPointThreeTwoFivePercentageLimitedRecourseCapitalNotesSeriesThreeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">7.325% Limited Recourse Capital Notes, Series 3 (LRCNs, Series 3)</link:label>
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    <link:label id="lab_bmo_ModelChangesAllowanceAccountForCreditLossesOfFinancialAssets_019e07e6-159a-77b2-8158-2cdb36ee724f_negatedTerseLabel_en-US" xlink:label="lab_bmo_ModelChangesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Model changes</link:label>
    <link:label id="lab_bmo_ModelChangesAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_bmo_ModelChangesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Model changes allowance account for credit losses of financial assets</link:label>
    <link:label id="lab_bmo_ModelChangesAllowanceAccountForCreditLossesOfFinancialAssets_documentation_en-US" xlink:label="lab_bmo_ModelChangesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount charged to profit or loss due to changes in the models used to estimate expected credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ModelChangesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_ModelChangesAllowanceAccountForCreditLossesOfFinancialAssets"/>
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    <link:label id="lab_bmo_WeightedAverageExercisePriceOfAverageOutstandingShareOptionsExcludedFromCalculationOfDilutedEarningsPerShare_019ce237-ef22-7694-826b-09e4520bd148_terseLabel_en-US" xlink:label="lab_bmo_WeightedAverageExercisePriceOfAverageOutstandingShareOptionsExcludedFromCalculationOfDilutedEarningsPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average exercise price (in canadian dollars per share)</link:label>
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    <link:label id="lab_bmo_WeightedAverageExercisePriceOfAverageOutstandingShareOptionsExcludedFromCalculationOfDilutedEarningsPerShare_documentation_en-US" xlink:label="lab_bmo_WeightedAverageExercisePriceOfAverageOutstandingShareOptionsExcludedFromCalculationOfDilutedEarningsPerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of average outstanding share options excluded from calculation of diluted earnings per share.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_WeightedAverageExercisePriceOfAverageOutstandingShareOptionsExcludedFromCalculationOfDilutedEarningsPerShare" xlink:href="bmo-20260430.xsd#bmo_WeightedAverageExercisePriceOfAverageOutstandingShareOptionsExcludedFromCalculationOfDilutedEarningsPerShare"/>
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    <link:label id="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeRealizedGains_019ce237-ef22-72c5-bf71-0fbb9599d44f_verboseLabel_en-US" xlink:label="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeRealizedGains" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">FVOCI securities - net realized gains</link:label>
    <link:label id="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeRealizedGains_label_en-US" xlink:label="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeRealizedGains" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities At Fair Value Through Other Comprehensive Income Realized Gains</link:label>
    <link:label id="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeRealizedGains_documentation_en-US" xlink:label="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeRealizedGains" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities at fair value through other comprehensive income realized gains.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeRealizedGains" xlink:href="bmo-20260430.xsd#bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeRealizedGains"/>
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    <link:label id="lab_bmo_OnerousContractLosses_019d4e4f-dcb4-7670-9952-a6df3769acb8_terseLabel_en-US" xlink:label="lab_bmo_OnerousContractLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Onerous contract losses</link:label>
    <link:label id="lab_bmo_OnerousContractLosses_label_en-US" xlink:label="lab_bmo_OnerousContractLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Onerous Contract Losses</link:label>
    <link:label id="lab_bmo_OnerousContractLosses_documentation_en-US" xlink:label="lab_bmo_OnerousContractLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Onerous Contract Losses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OnerousContractLosses" xlink:href="bmo-20260430.xsd#bmo_OnerousContractLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OnerousContractLosses" xlink:to="lab_bmo_OnerousContractLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss_019ce237-ef22-7991-8b58-16b568e36141_terseLabel_en-US" xlink:label="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading</link:label>
    <link:label id="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss_019ce237-ef22-7ed7-8f33-be6dae49631e_verboseLabel_en-US" xlink:label="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trading Securities</link:label>
    <link:label id="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Securities At Fair Value Through Profit Or Loss</link:label>
    <link:label id="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss_documentation_en-US" xlink:label="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Trading securities at fair value through profit or loss.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss" xlink:href="bmo-20260430.xsd#bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss" xlink:to="lab_bmo_TradingSecuritiesAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems_019ce237-efb6-73a2-a888-7af22a8ef565_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems"/>
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    <link:label id="lab_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_019ce237-ef22-7c94-a24e-5eadf988b98b_terseLabel_en-US" xlink:label="lab_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from sales of securities, other than trading</link:label>
    <link:label id="lab_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from Sales of Securities Other Than Trading Classified as Investing Activities</link:label>
    <link:label id="lab_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_documentation_en-US" xlink:label="lab_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from sales of securities other than trading, classified as investing activities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:href="bmo-20260430.xsd#bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:to="lab_bmo_ProceedsFromSalesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShorttermDepositsNotClassifiedAsCashEquivalents_019ce237-ef22-7c96-adf2-53a6d17d6026_terseLabel_en-US" xlink:label="lab_ifrs-full_ShorttermDepositsNotClassifiedAsCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Bearing Deposits with Banks</link:label>
    <link:label id="lab_ifrs-full_ShorttermDepositsNotClassifiedAsCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_ShorttermDepositsNotClassifiedAsCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term deposits, not classified as cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShorttermDepositsNotClassifiedAsCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShorttermDepositsNotClassifiedAsCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShorttermDepositsNotClassifiedAsCashEquivalents" xlink:to="lab_ifrs-full_ShorttermDepositsNotClassifiedAsCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems_019ce237-ee59-7527-b522-5b092edcf6dc_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems"/>
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    <link:label id="lab_dei_DocumentFiscalPeriodFocus_019ce237-ef22-761d-82fa-1d61366c6be6_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BmoCapitalMarketsMember_019ce237-ef22-7aa9-bd97-cffef91ff4f6_terseLabel_en-US" xlink:label="lab_bmo_BmoCapitalMarketsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital Markets</link:label>
    <link:label id="lab_bmo_BmoCapitalMarketsMember_label_en-US" xlink:label="lab_bmo_BmoCapitalMarketsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bmo Capital Markets [Member]</link:label>
    <link:label id="lab_bmo_BmoCapitalMarketsMember_documentation_en-US" xlink:label="lab_bmo_BmoCapitalMarketsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bmo Capital Markets [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BmoCapitalMarketsMember" xlink:href="bmo-20260430.xsd#bmo_BmoCapitalMarketsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BmoCapitalMarketsMember" xlink:to="lab_bmo_BmoCapitalMarketsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CreditCardLoansMember_019ce237-ef22-7430-8ec1-4c1b23d8f8ca_terseLabel_en-US" xlink:label="lab_bmo_CreditCardLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans: Credit cards</link:label>
    <link:label id="lab_bmo_CreditCardLoansMember_label_en-US" xlink:label="lab_bmo_CreditCardLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Card Loans [Member]</link:label>
    <link:label id="lab_bmo_CreditCardLoansMember_documentation_en-US" xlink:label="lab_bmo_CreditCardLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit card loans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CreditCardLoansMember" xlink:href="bmo-20260430.xsd#bmo_CreditCardLoansMember"/>
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    <link:label id="lab_bmo_FairValueMeasurementDomain_019ce237-ef22-7e11-b3bd-f5c9da9b9645_terseLabel_en-US" xlink:label="lab_bmo_FairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
    <link:label id="lab_bmo_FairValueMeasurementDomain_label_en-US" xlink:label="lab_bmo_FairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Measurement [Domain]</link:label>
    <link:label id="lab_bmo_FairValueMeasurementDomain_documentation_en-US" xlink:label="lab_bmo_FairValueMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair value measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_FairValueMeasurementDomain" xlink:href="bmo-20260430.xsd#bmo_FairValueMeasurementDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_FairValueMeasurementDomain" xlink:to="lab_bmo_FairValueMeasurementDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestAndDividendIncomeAndGainLossesOnFinancialAssets_019ce237-ef22-78ad-a261-9443499501a3_totalLabel_en-US" xlink:label="lab_bmo_InterestAndDividendIncomeAndGainLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total interest and dividend income and gains held in our Insurance business</link:label>
    <link:label id="lab_bmo_InterestAndDividendIncomeAndGainLossesOnFinancialAssets_label_en-US" xlink:label="lab_bmo_InterestAndDividendIncomeAndGainLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest And Dividend Income And Gain Losses On Financial Assets</link:label>
    <link:label id="lab_bmo_InterestAndDividendIncomeAndGainLossesOnFinancialAssets_documentation_en-US" xlink:label="lab_bmo_InterestAndDividendIncomeAndGainLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest and dividend income and gain losses on financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestAndDividendIncomeAndGainLossesOnFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_InterestAndDividendIncomeAndGainLossesOnFinancialAssets"/>
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    <link:label id="lab_ifrs-full_Assets_019ce237-ef22-76b1-95a7-befc8d69c9d2_totalLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Assets</link:label>
    <link:label id="lab_ifrs-full_Assets_label_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Assets"/>
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    <link:label id="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances_019ce237-efb6-7f7b-bdf9-e4273b63d259_terseLabel_en-US" xlink:label="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value through other comprehensive income</link:label>
    <link:label id="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances_019ce237-efb6-7212-9c6d-410af718db0f_verboseLabel_en-US" xlink:label="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">FVOCI Securities</link:label>
    <link:label id="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances_label_en-US" xlink:label="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities At Fair Value Through Other Comprehensive Income Net Of Allowances</link:label>
    <link:label id="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances_documentation_en-US" xlink:label="lab_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities at fair value through other comprehensive income net of allowances.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances" xlink:href="bmo-20260430.xsd#bmo_SecuritiesAtFairValueThroughOtherComprehensiveIncomeNetOfAllowances"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers_019ce237-ef22-729c-975b-5e1eaf8f8520_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers"/>
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    <link:label id="lab_bmo_LiabilitiesMeasurementDomain_019ce237-ee59-7e10-8c5f-3bdf08584bb0_terseLabel_en-US" xlink:label="lab_bmo_LiabilitiesMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities Measurement [Domain]</link:label>
    <link:label id="lab_bmo_LiabilitiesMeasurementDomain_label_en-US" xlink:label="lab_bmo_LiabilitiesMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities Measurement [Domain]</link:label>
    <link:label id="lab_bmo_LiabilitiesMeasurementDomain_documentation_en-US" xlink:label="lab_bmo_LiabilitiesMeasurementDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities Measurement [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LiabilitiesMeasurementDomain" xlink:href="bmo-20260430.xsd#bmo_LiabilitiesMeasurementDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LiabilitiesMeasurementDomain" xlink:to="lab_bmo_LiabilitiesMeasurementDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeLineItems_019ce237-ee59-775b-aae0-71fc946f24af_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure Of interest, dividend and fee income [Line Items]</link:label>
    <link:label id="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeLineItems_label_en-US" xlink:label="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of interest, dividend and fee income [Line Items]</link:label>
    <link:label id="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeLineItems_documentation_en-US" xlink:label="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of interest, dividend and fee income [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfInterestDividendAndFeeIncomeLineItems" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfInterestDividendAndFeeIncomeLineItems"/>
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    <link:label id="lab_ifrs-full_PortfolioAndOtherManagementFeeIncome_019ce237-ef21-7265-88b0-ef211a6a2350_terseLabel_en-US" xlink:label="lab_ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment management and custodial fees</link:label>
    <link:label id="lab_ifrs-full_PortfolioAndOtherManagementFeeIncome_label_en-US" xlink:label="lab_ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Portfolio and other management fee income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PortfolioAndOtherManagementFeeIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:to="lab_ifrs-full_PortfolioAndOtherManagementFeeIncome" xlink:type="arc" order="1"/>
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    <link:label id="lab_bmo_OperatingIncomeExcludingInterest_019ce237-ef22-731d-b4b1-965a50f1cb36_terseLabel_en-US" xlink:label="lab_bmo_OperatingIncomeExcludingInterest" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-interest revenue</link:label>
    <link:label id="lab_bmo_OperatingIncomeExcludingInterest_label_en-US" xlink:label="lab_bmo_OperatingIncomeExcludingInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating income excluding interest</link:label>
    <link:label id="lab_bmo_OperatingIncomeExcludingInterest_documentation_en-US" xlink:label="lab_bmo_OperatingIncomeExcludingInterest" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating income excluding interest.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OperatingIncomeExcludingInterest" xlink:href="bmo-20260430.xsd#bmo_OperatingIncomeExcludingInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OperatingIncomeExcludingInterest" xlink:to="lab_bmo_OperatingIncomeExcludingInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_019ce237-ef22-7f2c-8c10-b1e9498ca513_terseLabel_en-US" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities lent or sold under repurchase agreements</link:label>
    <link:label id="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_label_en-US" xlink:label="lab_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repurchase agreements and cash collateral on securities lent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent"/>
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    <link:label id="lab_bmo_InterestMember_019ce237-ef22-7e78-820a-6d6872d80be4_terseLabel_en-US" xlink:label="lab_bmo_InterestMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest</link:label>
    <link:label id="lab_bmo_InterestMember_label_en-US" xlink:label="lab_bmo_InterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest [Member]</link:label>
    <link:label id="lab_bmo_InterestMember_documentation_en-US" xlink:label="lab_bmo_InterestMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestMember" xlink:href="bmo-20260430.xsd#bmo_InterestMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestMember" xlink:to="lab_bmo_InterestMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_019ce237-ef22-775a-85fd-678a263e0303_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative instruments</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_019ce237-ef22-746e-beea-eb70f9de8b83_verboseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative Assets</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialAssets" xlink:to="lab_ifrs-full_DerivativeFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_019e1a30-9585-7f5f-9354-31a04430d379_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="lab_ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_019ce237-ef22-7634-84be-f3aa79ec0f86_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income available to common shareholders</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_019ce237-ef22-7472-b3eb-f6d4653fa9d9_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income available to common shareholders</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity"/>
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    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_019ce237-ef22-758f-9054-292db356b755_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest paid in the period</link:label>
    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest paid, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities"/>
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    <link:label id="lab_ifrs-full_Revenue_019ce237-efb6-74f3-8b2e-080e78987d25_totalLabel_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Revenue</link:label>
    <link:label id="lab_ifrs-full_Revenue_label_en-US" xlink:label="lab_ifrs-full_Revenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Revenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Revenue"/>
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    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_019ce237-ef22-7037-99c4-b7fac1df2f33_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading securities</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through profit or loss, classified as held for trading</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
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    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about business combination [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfBusinessCombinationsAbstract"/>
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    <link:label id="lab_bmo_PreferredSharesAndOtherEquityInstrumentsMember_019ce237-efb6-7942-bb72-4d2c1a370118_terseLabel_en-US" xlink:label="lab_bmo_PreferredSharesAndOtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred shares and other equity instruments</link:label>
    <link:label id="lab_bmo_PreferredSharesAndOtherEquityInstrumentsMember_019ce237-efb6-7c9b-9e1c-e85a995ac023_verboseLabel_en-US" xlink:label="lab_bmo_PreferredSharesAndOtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Preferred Shares and Other Equity Instruments</link:label>
    <link:label id="lab_bmo_PreferredSharesAndOtherEquityInstrumentsMember_label_en-US" xlink:label="lab_bmo_PreferredSharesAndOtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Shares and Other Equity Instruments [Member]</link:label>
    <link:label id="lab_bmo_PreferredSharesAndOtherEquityInstrumentsMember_documentation_en-US" xlink:label="lab_bmo_PreferredSharesAndOtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Preferred Shares and Other Equity Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PreferredSharesAndOtherEquityInstrumentsMember" xlink:href="bmo-20260430.xsd#bmo_PreferredSharesAndOtherEquityInstrumentsMember"/>
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    <link:label id="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems_019ce237-efb6-7e26-b1c9-d87297a8992f_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of deposits payable to customers on a fixed date [line items]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems_label_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of deposits payable to customers on a fixed date [line items]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of deposits payable to customers on a fixed date [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems" xlink:to="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_019ce237-ef21-7fa1-98c1-08deef3b4ef0_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasAxis" xlink:to="lab_ifrs-full_GeographicalAreasAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_019ce237-ef22-723f-b231-651acd2023a5_terseLabel_en-US" xlink:label="lab_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturities of securities, other than trading</link:label>
    <link:label id="lab_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturities of securities other than trading classified as investing activities</link:label>
    <link:label id="lab_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities_documentation_en-US" xlink:label="lab_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maturities of securities other than trading, classified as investing activities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:href="bmo-20260430.xsd#bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:to="lab_bmo_MaturitiesOfSecuritiesOtherThanTradingClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract_019ce237-ef22-7f0e-bebe-19cfb04d2e1b_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BankAcceptanceLiabilities_019ce237-ef21-7d0a-a827-d9c4df76d371_terseLabel_en-US" xlink:label="lab_ifrs-full_BankAcceptanceLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acceptances</link:label>
    <link:label id="lab_ifrs-full_BankAcceptanceLiabilities_label_en-US" xlink:label="lab_ifrs-full_BankAcceptanceLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank acceptance liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BankAcceptanceLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BankAcceptanceLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BankAcceptanceLiabilities" xlink:to="lab_ifrs-full_BankAcceptanceLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_WatchListMember_019ce237-efb6-738c-8fe4-dfe1815aee0c_terseLabel_en-US" xlink:label="lab_bmo_WatchListMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Watchlist</link:label>
    <link:label id="lab_bmo_WatchListMember_label_en-US" xlink:label="lab_bmo_WatchListMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Watch list [member]</link:label>
    <link:label id="lab_bmo_WatchListMember_documentation_en-US" xlink:label="lab_bmo_WatchListMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Watch list.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_WatchListMember" xlink:href="bmo-20260430.xsd#bmo_WatchListMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_WatchListMember" xlink:to="lab_bmo_WatchListMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_019ce237-efb6-7ce1-a774-281dd95c0889_terseLabel_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_RestrictedCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RestrictedCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RestrictedCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="lab_ifrs-full_RestrictedCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LeverageExposure_019ce237-ef21-7c07-a43c-adfaf29abe3a_verboseLabel_en-US" xlink:label="lab_bmo_LeverageExposure" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Leverage Exposures</link:label>
    <link:label id="lab_bmo_LeverageExposure_label_en-US" xlink:label="lab_bmo_LeverageExposure" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leverage Exposure Measure</link:label>
    <link:label id="lab_bmo_LeverageExposure_documentation_en-US" xlink:label="lab_bmo_LeverageExposure" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Leverage exposure.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LeverageExposure" xlink:href="bmo-20260430.xsd#bmo_LeverageExposure"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LeverageExposure" xlink:to="lab_bmo_LeverageExposure" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherEquityInstrumentsMember_019ce237-efb6-7cff-9b92-53b4445ca039_terseLabel_en-US" xlink:label="lab_bmo_OtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Equity Instruments</link:label>
    <link:label id="lab_bmo_OtherEquityInstrumentsMember_label_en-US" xlink:label="lab_bmo_OtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Equity Instruments [Member]</link:label>
    <link:label id="lab_bmo_OtherEquityInstrumentsMember_documentation_en-US" xlink:label="lab_bmo_OtherEquityInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other equity instruments.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherEquityInstrumentsMember" xlink:href="bmo-20260430.xsd#bmo_OtherEquityInstrumentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherEquityInstrumentsMember" xlink:to="lab_bmo_OtherEquityInstrumentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BorrowingsPeriodicPrincipalPayment_019ce237-efb6-7d01-9c63-30346c898318_terseLabel_en-US" xlink:label="lab_bmo_BorrowingsPeriodicPrincipalPayment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Periodic payment, amount</link:label>
    <link:label id="lab_bmo_BorrowingsPeriodicPrincipalPayment_label_en-US" xlink:label="lab_bmo_BorrowingsPeriodicPrincipalPayment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Periodic Principal Payment</link:label>
    <link:label id="lab_bmo_BorrowingsPeriodicPrincipalPayment_documentation_en-US" xlink:label="lab_bmo_BorrowingsPeriodicPrincipalPayment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Periodic Principal Payment</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BorrowingsPeriodicPrincipalPayment" xlink:href="bmo-20260430.xsd#bmo_BorrowingsPeriodicPrincipalPayment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BorrowingsPeriodicPrincipalPayment" xlink:to="lab_bmo_BorrowingsPeriodicPrincipalPayment" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceForOtherCreditInstrumentsMember_019ce237-ef22-708c-8da1-03b74f3410db_terseLabel_en-US" xlink:label="lab_bmo_AllowanceForOtherCreditInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other credit instruments</link:label>
    <link:label id="lab_bmo_AllowanceForOtherCreditInstrumentsMember_label_en-US" xlink:label="lab_bmo_AllowanceForOtherCreditInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for Other credit instruments [member]</link:label>
    <link:label id="lab_bmo_AllowanceForOtherCreditInstrumentsMember_documentation_en-US" xlink:label="lab_bmo_AllowanceForOtherCreditInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance for credit losses related to other credit instruments [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceForOtherCreditInstrumentsMember" xlink:href="bmo-20260430.xsd#bmo_AllowanceForOtherCreditInstrumentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceForOtherCreditInstrumentsMember" xlink:to="lab_bmo_AllowanceForOtherCreditInstrumentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_FairValueMeasurementAxis_019ce237-ef22-7e28-b103-5b5404c16476_terseLabel_en-US" xlink:label="lab_bmo_FairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value measurement [axis]</link:label>
    <link:label id="lab_bmo_FairValueMeasurementAxis_label_en-US" xlink:label="lab_bmo_FairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value measurement [axis]</link:label>
    <link:label id="lab_bmo_FairValueMeasurementAxis_documentation_en-US" xlink:label="lab_bmo_FairValueMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The axis of a table defines the relationshis between the domain members or categories in the table and the line items or concepts that complete the table.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_FairValueMeasurementAxis" xlink:href="bmo-20260430.xsd#bmo_FairValueMeasurementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_FairValueMeasurementAxis" xlink:to="lab_bmo_FairValueMeasurementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProbabilityOfDefaultAxis_019ce237-ef22-7c9d-ae84-e90a19993f00_terseLabel_en-US" xlink:label="lab_ifrs-full_ProbabilityOfDefaultAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Probability of default [axis]</link:label>
    <link:label id="lab_ifrs-full_ProbabilityOfDefaultAxis_label_en-US" xlink:label="lab_ifrs-full_ProbabilityOfDefaultAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Probability of default [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProbabilityOfDefaultAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProbabilityOfDefaultAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProbabilityOfDefaultAxis" xlink:to="lab_ifrs-full_ProbabilityOfDefaultAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares_019ce237-ee59-7fbb-9169-bd3d1d430ffd_verboseLabel_en-US" xlink:label="lab_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net sale (purchase) of treasury shares</link:label>
    <link:label id="lab_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares_label_en-US" xlink:label="lab_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds From Sale Purchase or Issue of Treasury Shares</link:label>
    <link:label id="lab_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares_documentation_en-US" xlink:label="lab_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Proceeds from sale purchase or issue of treasury shares.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares" xlink:href="bmo-20260430.xsd#bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares" xlink:to="lab_bmo_ProceedsFromSalePurchaseOrIssueOfTreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_019ce237-ee59-78b2-94e5-d92d8045743f_terseLabel_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Intangible assets</link:label>
    <link:label id="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_019ce237-ef22-76d8-a2db-772eea8b1676_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_GrossUnrealizedGainsMember_019ce237-ee59-7928-b96a-3fe51f212b96_verboseLabel_en-US" xlink:label="lab_bmo_GrossUnrealizedGainsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gross unrealized gains</link:label>
    <link:label id="lab_bmo_GrossUnrealizedGainsMember_label_en-US" xlink:label="lab_bmo_GrossUnrealizedGainsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Unrealized Gains [Member]</link:label>
    <link:label id="lab_bmo_GrossUnrealizedGainsMember_documentation_en-US" xlink:label="lab_bmo_GrossUnrealizedGainsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross unrealized gains.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_GrossUnrealizedGainsMember" xlink:href="bmo-20260430.xsd#bmo_GrossUnrealizedGainsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_GrossUnrealizedGainsMember" xlink:to="lab_bmo_GrossUnrealizedGainsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestDividendAndFeeIncome_019ce237-ef22-7b04-8995-9b6a4683cf79_terseLabel_en-US" xlink:label="lab_bmo_InterestDividendAndFeeIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_bmo_InterestDividendAndFeeIncome_label_en-US" xlink:label="lab_bmo_InterestDividendAndFeeIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Dividend and Fee Income</link:label>
    <link:label id="lab_bmo_InterestDividendAndFeeIncome_documentation_en-US" xlink:label="lab_bmo_InterestDividendAndFeeIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest, dividend and fee income.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestDividendAndFeeIncome" xlink:href="bmo-20260430.xsd#bmo_InterestDividendAndFeeIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestDividendAndFeeIncome" xlink:to="lab_bmo_InterestDividendAndFeeIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StatementLineItems_019ce237-ef22-76f3-aac8-c290396484eb_terseLabel_en-US" xlink:label="lab_bmo_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:label id="lab_bmo_StatementLineItems_label_en-US" xlink:label="lab_bmo_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:label id="lab_bmo_StatementLineItems_documentation_en-US" xlink:label="lab_bmo_StatementLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StatementLineItems" xlink:href="bmo-20260430.xsd#bmo_StatementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StatementLineItems" xlink:to="lab_bmo_StatementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember_019ce237-ef22-756b-88b3-05d9e3e979d9_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Accumulated Other Comprehensive Income</link:label>
    <link:label id="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember_label_en-US" xlink:label="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:to="lab_ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_USStateMunicipalAndAgenciesDebtMember_019ce237-ef22-742e-8c6f-c842520a0c5d_terseLabel_en-US" xlink:label="lab_bmo_USStateMunicipalAndAgenciesDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. states, municipalities and agencies</link:label>
    <link:label id="lab_bmo_USStateMunicipalAndAgenciesDebtMember_019ce237-ef22-79db-b53f-5cb102b4add1_verboseLabel_en-US" xlink:label="lab_bmo_USStateMunicipalAndAgenciesDebtMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">U.S. states, municipalities and agencies</link:label>
    <link:label id="lab_bmo_USStateMunicipalAndAgenciesDebtMember_label_en-US" xlink:label="lab_bmo_USStateMunicipalAndAgenciesDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">US State Municipal And Agencies Debt [member]</link:label>
    <link:label id="lab_bmo_USStateMunicipalAndAgenciesDebtMember_documentation_en-US" xlink:label="lab_bmo_USStateMunicipalAndAgenciesDebtMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">US state municipal and agencies debt.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_USStateMunicipalAndAgenciesDebtMember" xlink:href="bmo-20260430.xsd#bmo_USStateMunicipalAndAgenciesDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_USStateMunicipalAndAgenciesDebtMember" xlink:to="lab_bmo_USStateMunicipalAndAgenciesDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_FirstCitizensAndTrustCompanyMember_019ce237-efb6-7bb4-b5b8-2566c9775303_terseLabel_en-US" xlink:label="lab_bmo_FirstCitizensAndTrustCompanyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First Citizens and Trust Company</link:label>
    <link:label id="lab_bmo_FirstCitizensAndTrustCompanyMember_label_en-US" xlink:label="lab_bmo_FirstCitizensAndTrustCompanyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Citizens And Trust Company [Member]</link:label>
    <link:label id="lab_bmo_FirstCitizensAndTrustCompanyMember_documentation_en-US" xlink:label="lab_bmo_FirstCitizensAndTrustCompanyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">First Citizens And Trust Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_FirstCitizensAndTrustCompanyMember" xlink:href="bmo-20260430.xsd#bmo_FirstCitizensAndTrustCompanyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_FirstCitizensAndTrustCompanyMember" xlink:to="lab_bmo_FirstCitizensAndTrustCompanyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsDomain_019ce237-ef21-743e-95fa-bbe643d5b464_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [domain]</link:label>
    <link:label id="lab_ifrs-full_SegmentsDomain_label_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsDomain" xlink:to="lab_ifrs-full_SegmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems_019ce237-ee59-7cd1-a98c-2420c7e62ba5_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Detailed Information About Amortized Cost Securities [Line Items]</link:label>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems_label_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Detailed Information About Amortized Cost Securities [Line Items]</link:label>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about amortized cost securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems" xlink:to="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019ce237-ef22-7008-9b86-d919d7a16b61_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019ce237-ef22-759d-a40a-e573b8ccbc64_periodStartLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents at Beginning of Period</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_019ce237-ef22-72ba-8b4c-611eacfa9fc5_periodEndLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash and Cash Equivalents at End of Period</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_019ce237-ee59-7bc7-8203-c0c07ea03da0_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from issuance of subordinated debt (Note 4)</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:to="lab_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceForLoanLossesMember_019ce237-ef22-7dcc-893f-d48f19dce549_terseLabel_en-US" xlink:label="lab_bmo_AllowanceForLoanLossesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comprising: Loans</link:label>
    <link:label id="lab_bmo_AllowanceForLoanLossesMember_label_en-US" xlink:label="lab_bmo_AllowanceForLoanLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for loan losses [member]</link:label>
    <link:label id="lab_bmo_AllowanceForLoanLossesMember_documentation_en-US" xlink:label="lab_bmo_AllowanceForLoanLossesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance for credit losses related to loans [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceForLoanLossesMember" xlink:href="bmo-20260430.xsd#bmo_AllowanceForLoanLossesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceForLoanLossesMember" xlink:to="lab_bmo_AllowanceForLoanLossesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions_019ce237-ef22-7ba0-a1b5-0a74648a22fe_terseLabel_en-US" xlink:label="lab_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Modelled allowance account for credit losses of financial assets based on assumptions</link:label>
    <link:label id="lab_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions_label_en-US" xlink:label="lab_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Modelled allowance account for credit losses of financial assets based on assumptions</link:label>
    <link:label id="lab_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions_documentation_en-US" xlink:label="lab_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Modelled allowance account for credit losses of financial assets based on assumptions</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions" xlink:href="bmo-20260430.xsd#bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions" xlink:to="lab_bmo_ModelledAllowanceAccountForCreditLossesOfFinancialAssetsBasedOnAssumptions" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TotalLossAbsorbingCapacity_019ce237-ef22-7314-8af7-c23733cc7cd2_terseLabel_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TLAC</link:label>
    <link:label id="lab_bmo_TotalLossAbsorbingCapacity_label_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Loss Absorbing Capacity</link:label>
    <link:label id="lab_bmo_TotalLossAbsorbingCapacity_documentation_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total loss absorbing capacity.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TotalLossAbsorbingCapacity" xlink:href="bmo-20260430.xsd#bmo_TotalLossAbsorbingCapacity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TotalLossAbsorbingCapacity" xlink:to="lab_bmo_TotalLossAbsorbingCapacity" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_MoneyMarketDeposits_019ce237-ef22-7aa8-9b95-7f0053641aca_terseLabel_en-US" xlink:label="lab_bmo_MoneyMarketDeposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Money market deposits</link:label>
    <link:label id="lab_bmo_MoneyMarketDeposits_label_en-US" xlink:label="lab_bmo_MoneyMarketDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Money Market Deposits</link:label>
    <link:label id="lab_bmo_MoneyMarketDeposits_documentation_en-US" xlink:label="lab_bmo_MoneyMarketDeposits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Money market deposits.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_MoneyMarketDeposits" xlink:href="bmo-20260430.xsd#bmo_MoneyMarketDeposits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_MoneyMarketDeposits" xlink:to="lab_bmo_MoneyMarketDeposits" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LiabilitiesRecognisedAsOfAcquisitionDate_019ce237-efb6-7dbd-b292-9d7d755bba9c_totalLabel_en-US" xlink:label="lab_bmo_LiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_bmo_LiabilitiesRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_bmo_LiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities Recognised As Of Acquisition Date</link:label>
    <link:label id="lab_bmo_LiabilitiesRecognisedAsOfAcquisitionDate_documentation_en-US" xlink:label="lab_bmo_LiabilitiesRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities Recognised As Of Acquisition Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LiabilitiesRecognisedAsOfAcquisitionDate" xlink:href="bmo-20260430.xsd#bmo_LiabilitiesRecognisedAsOfAcquisitionDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LiabilitiesRecognisedAsOfAcquisitionDate" xlink:to="lab_bmo_LiabilitiesRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssetsAbstract_019ce237-ef22-7c34-a8aa-a712ad1dc952_terseLabel_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_ifrs-full_AssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock_019ce237-ee59-74fb-9451-30f7392b66c3_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Regulatory Capital Measure and Risk-Weighted Assets</link:label>
    <link:label id="lab_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of regulatory capital and capital ratios [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of regulatory capital and capital ratios.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock" xlink:to="lab_bmo_DisclosureOfRegulatoryCapitalAndCapitalRatiosTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock_019ce237-ef22-76df-98d9-fed82521dd15_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Insurance Service Results</link:label>
    <link:label id="lab_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Insurance Service Result Explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of insurance service result explanatory.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:to="lab_bmo_DisclosureOfInsuranceServiceResultExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyLiabilities_019ce237-ef22-7c8e-a319-a87a34b3cfa9_terseLabel_en-US" xlink:label="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Transfers into Level 3</link:label>
    <link:label id="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyLiabilities_label_en-US" xlink:label="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers into Level 3 of fair value hierarchy, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersIntoLevel3OfFairValueHierarchyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyLiabilities" xlink:to="lab_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfKeyEconomicVariablesUsedToEstimateAllowanceOnPerformingLoansDuringForecastPeriodExplanatoryTableTextBlock_019ce237-ee59-7400-92d8-865c19f30608_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfKeyEconomicVariablesUsedToEstimateAllowanceOnPerformingLoansDuringForecastPeriodExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Key Economic Variables Used to Estimate Allowance on Performing Loans During Forecast Period</link:label>
    <link:label id="lab_bmo_DisclosureOfKeyEconomicVariablesUsedToEstimateAllowanceOnPerformingLoansDuringForecastPeriodExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfKeyEconomicVariablesUsedToEstimateAllowanceOnPerformingLoansDuringForecastPeriodExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Key Economic Variables Used to Estimate Allowance on Performing Loans During Forecast Period Explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfKeyEconomicVariablesUsedToEstimateAllowanceOnPerformingLoansDuringForecastPeriodExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfKeyEconomicVariablesUsedToEstimateAllowanceOnPerformingLoansDuringForecastPeriodExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of key economic variables used to estimate allowance on performing loans during forecast period.</link:label>
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    <link:label id="lab_ifrs-full_YieldUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItems_019ce237-ef22-7876-995f-07d976e068df_terseLabel_en-US" xlink:label="lab_ifrs-full_YieldUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Yield used to discount cash flows that do not vary based on returns on underlying items</link:label>
    <link:label id="lab_ifrs-full_YieldUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItems_label_en-US" xlink:label="lab_ifrs-full_YieldUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Yield used to discount cash flows that do not vary based on returns on underlying items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_YieldUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_YieldUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItems"/>
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    <link:label id="lab_ifrs-full_EquityAndLiabilities_019ce237-ef22-77f0-bad0-954ee4c5e4e9_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Liabilities and Equity</link:label>
    <link:label id="lab_ifrs-full_EquityAndLiabilities_label_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="lab_ifrs-full_EquityAndLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_country_US_019ce237-ef21-7fca-a9a4-bed187034247_terseLabel_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">United States</link:label>
    <link:label id="lab_country_US_019ce237-ef21-797c-8019-fd0f7977dfeb_verboseLabel_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">United States</link:label>
    <link:label id="lab_country_US_label_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED STATES</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_US" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_US" xlink:to="lab_country_US" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BusinessCombinationsAxis_019ce237-ee59-7755-b43c-4acf688db830_terseLabel_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combinations [axis]</link:label>
    <link:label id="lab_ifrs-full_BusinessCombinationsAxis_label_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combinations [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BusinessCombinationsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BusinessCombinationsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BusinessCombinationsAxis" xlink:to="lab_ifrs-full_BusinessCombinationsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets_019ce237-ee59-78bc-a528-8dc8b2b8a296_verboseLabel_en-US" xlink:label="lab_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net remeasurement of loss allowance</link:label>
    <link:label id="lab_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net remeasurement of allowance account for credit losses of financial assets</link:label>
    <link:label id="lab_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets_documentation_en-US" xlink:label="lab_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net remeasurement of allowance account for credit losses of financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_bmo_NetRemeasurementOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NormalCourseIssuerBidMember_019ce237-ef21-7bec-abf3-1012c96d095f_terseLabel_en-US" xlink:label="lab_bmo_NormalCourseIssuerBidMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Normal Course Issuer Bid</link:label>
    <link:label id="lab_bmo_NormalCourseIssuerBidMember_label_en-US" xlink:label="lab_bmo_NormalCourseIssuerBidMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Normal Course Issuer Bid [Member]</link:label>
    <link:label id="lab_bmo_NormalCourseIssuerBidMember_documentation_en-US" xlink:label="lab_bmo_NormalCourseIssuerBidMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Normal course issuer bid.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NormalCourseIssuerBidMember" xlink:href="bmo-20260430.xsd#bmo_NormalCourseIssuerBidMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NormalCourseIssuerBidMember" xlink:to="lab_bmo_NormalCourseIssuerBidMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExternalCreditGradesAxis_019ce237-ee59-7ee3-9793-27418a49ef29_terseLabel_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">External credit grades [axis]</link:label>
    <link:label id="lab_ifrs-full_ExternalCreditGradesAxis_label_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">External credit grades [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExternalCreditGradesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExternalCreditGradesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExternalCreditGradesAxis" xlink:to="lab_ifrs-full_ExternalCreditGradesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_019ce237-ef22-7053-80c7-ed586904b8b0_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted average fair value of options granted (in canadian dollars per share)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average share price, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageSharePriceShareOptionsGranted2019"/>
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    <link:label id="lab_ifrs-full_BusinessCombinationsDomain_019ce237-ee59-7f1e-ac2a-fa75ca242c94_terseLabel_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combinations [domain]</link:label>
    <link:label id="lab_ifrs-full_BusinessCombinationsDomain_label_en-US" xlink:label="lab_ifrs-full_BusinessCombinationsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business combinations [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BusinessCombinationsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BusinessCombinationsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BusinessCombinationsDomain" xlink:to="lab_ifrs-full_BusinessCombinationsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InsuranceInvestmentResult_019ce237-ef22-76fe-a4a8-56e0a796fcfd_terseLabel_en-US" xlink:label="lab_bmo_InsuranceInvestmentResult" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance investment results (Notes 2 and 5)</link:label>
    <link:label id="lab_bmo_InsuranceInvestmentResult_019ce237-ef22-7a9e-8506-1c0e4cdbb5b7_totalLabel_en-US" xlink:label="lab_bmo_InsuranceInvestmentResult" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Insurance investment results</link:label>
    <link:label id="lab_bmo_InsuranceInvestmentResult_label_en-US" xlink:label="lab_bmo_InsuranceInvestmentResult" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Investment Results</link:label>
    <link:label id="lab_bmo_InsuranceInvestmentResult_documentation_en-US" xlink:label="lab_bmo_InsuranceInvestmentResult" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance investment result.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InsuranceInvestmentResult" xlink:href="bmo-20260430.xsd#bmo_InsuranceInvestmentResult"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InsuranceInvestmentResult" xlink:to="lab_bmo_InsuranceInvestmentResult" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentForBrokersDealersAndClientsReceivableAndPayable_019ce237-ef22-7af4-938d-dd69076fbf8a_terseLabel_en-US" xlink:label="lab_bmo_AdjustmentForBrokersDealersAndClientsReceivableAndPayable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Brokers, dealers and clients receivable and payable</link:label>
    <link:label id="lab_bmo_AdjustmentForBrokersDealersAndClientsReceivableAndPayable_label_en-US" xlink:label="lab_bmo_AdjustmentForBrokersDealersAndClientsReceivableAndPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment For Brokers Dealers And Clients Receivable And Payable</link:label>
    <link:label id="lab_bmo_AdjustmentForBrokersDealersAndClientsReceivableAndPayable_documentation_en-US" xlink:label="lab_bmo_AdjustmentForBrokersDealersAndClientsReceivableAndPayable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustment for brokers, dealers and clients receivable and payable.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentForBrokersDealersAndClientsReceivableAndPayable" xlink:href="bmo-20260430.xsd#bmo_AdjustmentForBrokersDealersAndClientsReceivableAndPayable"/>
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    <link:label id="lab_bmo_AdjustmentForIncreaseDecreaseInCurrentIncomeTaxAssetsLiabilities_019ce237-efb6-76c8-8908-ab87a20506e3_negatedLabel_en-US" xlink:label="lab_bmo_AdjustmentForIncreaseDecreaseInCurrentIncomeTaxAssetsLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Current income taxes</link:label>
    <link:label id="lab_bmo_AdjustmentForIncreaseDecreaseInCurrentIncomeTaxAssetsLiabilities_label_en-US" xlink:label="lab_bmo_AdjustmentForIncreaseDecreaseInCurrentIncomeTaxAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment For Increase Decrease In Current Income Tax Assets Liabilities</link:label>
    <link:label id="lab_bmo_AdjustmentForIncreaseDecreaseInCurrentIncomeTaxAssetsLiabilities_documentation_en-US" xlink:label="lab_bmo_AdjustmentForIncreaseDecreaseInCurrentIncomeTaxAssetsLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustment for increase decrease in current income tax assets liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentForIncreaseDecreaseInCurrentIncomeTaxAssetsLiabilities" xlink:href="bmo-20260430.xsd#bmo_AdjustmentForIncreaseDecreaseInCurrentIncomeTaxAssetsLiabilities"/>
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    <link:label id="lab_ifrs-full_CashFlowHedgesAbstract_019ce237-ef22-7f57-984e-88dc16c459c0_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowHedgesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net change in unrealized gains (losses) on derivatives designated as cash flow hedges</link:label>
    <link:label id="lab_ifrs-full_CashFlowHedgesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowHedgesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flow hedges [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowHedgesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowHedgesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowHedgesAbstract" xlink:to="lab_ifrs-full_CashFlowHedgesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ClassBSeriesFortyEightPreferredSharesMember_019ce237-efb6-70d6-9e3e-18ac163d8407_terseLabel_en-US" xlink:label="lab_bmo_ClassBSeriesFortyEightPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class B - Series 48</link:label>
    <link:label id="lab_bmo_ClassBSeriesFortyEightPreferredSharesMember_label_en-US" xlink:label="lab_bmo_ClassBSeriesFortyEightPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class B Series Forty Eight Preferred Shares [Member]</link:label>
    <link:label id="lab_bmo_ClassBSeriesFortyEightPreferredSharesMember_documentation_en-US" xlink:label="lab_bmo_ClassBSeriesFortyEightPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class B Series Forty Eight Preferred Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ClassBSeriesFortyEightPreferredSharesMember" xlink:href="bmo-20260430.xsd#bmo_ClassBSeriesFortyEightPreferredSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ClassBSeriesFortyEightPreferredSharesMember" xlink:to="lab_bmo_ClassBSeriesFortyEightPreferredSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BusinessAndGovernmentLoansMember_019ce237-ef22-7d65-8c2e-0c6b211ab15e_terseLabel_en-US" xlink:label="lab_bmo_BusinessAndGovernmentLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans: Business and government</link:label>
    <link:label id="lab_bmo_BusinessAndGovernmentLoansMember_019ce237-ef22-737c-83d3-7eeea2177f78_verboseLabel_en-US" xlink:label="lab_bmo_BusinessAndGovernmentLoansMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Business and government</link:label>
    <link:label id="lab_bmo_BusinessAndGovernmentLoansMember_019ce237-ef22-7a39-a707-0680ac837917_netLabel_en-US" xlink:label="lab_bmo_BusinessAndGovernmentLoansMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Business and government loans</link:label>
    <link:label id="lab_bmo_BusinessAndGovernmentLoansMember_label_en-US" xlink:label="lab_bmo_BusinessAndGovernmentLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business And Government Loans [Member]</link:label>
    <link:label id="lab_bmo_BusinessAndGovernmentLoansMember_documentation_en-US" xlink:label="lab_bmo_BusinessAndGovernmentLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">business and government loans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BusinessAndGovernmentLoansMember" xlink:href="bmo-20260430.xsd#bmo_BusinessAndGovernmentLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BusinessAndGovernmentLoansMember" xlink:to="lab_bmo_BusinessAndGovernmentLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DepositsAtFairValue_019ce237-ee59-7eac-87e4-3196171ab8f6_terseLabel_en-US" xlink:label="lab_bmo_DepositsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_bmo_DepositsAtFairValue_label_en-US" xlink:label="lab_bmo_DepositsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits At Fair Value</link:label>
    <link:label id="lab_bmo_DepositsAtFairValue_documentation_en-US" xlink:label="lab_bmo_DepositsAtFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deposits at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DepositsAtFairValue" xlink:href="bmo-20260430.xsd#bmo_DepositsAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DepositsAtFairValue" xlink:to="lab_bmo_DepositsAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestRateContractsMember_019ce237-ef22-76e1-9f5c-fa349566cc48_terseLabel_en-US" xlink:label="lab_bmo_InterestRateContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest rate contracts</link:label>
    <link:label id="lab_bmo_InterestRateContractsMember_label_en-US" xlink:label="lab_bmo_InterestRateContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Contracts [member]</link:label>
    <link:label id="lab_bmo_InterestRateContractsMember_documentation_en-US" xlink:label="lab_bmo_InterestRateContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest rate contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestRateContractsMember" xlink:href="bmo-20260430.xsd#bmo_InterestRateContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestRateContractsMember" xlink:to="lab_bmo_InterestRateContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember_019ce237-ef22-76ae-9e7b-38bc976639b5_terseLabel_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for credit losses related to other credit instruments</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember_label_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for credit losses related to other credit instruments [Member]</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember_documentation_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance for credit losses related to other credit instruments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember" xlink:href="bmo-20260430.xsd#bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember" xlink:to="lab_bmo_AllowanceForCreditLossesRelatedToOtherCreditInstrumentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_019ce237-ef22-7fe6-82d1-2e8867636fc4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income Taxes</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of income tax [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_019ce237-ef22-7a46-ae6b-9d2bb09488cb_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange and other</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through foreign exchange and other movements, financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable_019ce237-ee59-7d52-89d7-6b5fd8ec7dc7_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Detailed Information About Amortized Cost Securities [Table]</link:label>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable_label_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Detailed Information About Amortized Cost Securities [Table]</link:label>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about amortized cost securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable" xlink:to="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember_019ce237-ef22-7351-8336-cd2da536f0bd_terseLabel_en-US" xlink:label="lab_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.300% Limited Recourse Capital Notes, Series 1 (LRCNs, Series 1)</link:label>
    <link:label id="lab_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember_label_en-US" xlink:label="lab_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Four Point Three Percentage Limited Recourse Capital Notes Series One [Member]</link:label>
    <link:label id="lab_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember_documentation_en-US" xlink:label="lab_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.3% Limited Recourse Capital Notes Series 1 [Member].</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember" xlink:href="bmo-20260430.xsd#bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember" xlink:to="lab_bmo_FourPointThreePercentageLimitedRecourseCapitalNotesSeriesOneMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract_019ce237-ef22-7cd9-b58c-a59f8da040e8_terseLabel_en-US" xlink:label="lab_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities:</link:label>
    <link:label id="lab_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract_label_en-US" xlink:label="lab_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities [Abstract]</link:label>
    <link:label id="lab_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract_documentation_en-US" xlink:label="lab_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:href="bmo-20260430.xsd#bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:to="lab_bmo_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_019ce237-ee59-7d2c-8a7d-1b0aecd60fd4_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net of income tax (provision) recovery, net gains (losses) on remeasurement of own credit risk on financial liabilities designated at fair value</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to changes in fair value of financial liability attributable to change in credit risk of liability included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToChangesInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiabilityOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CanadianPersonalAndCommercialBankingMember_019ce237-ee59-7f6f-a1eb-814d350964e5_terseLabel_en-US" xlink:label="lab_bmo_CanadianPersonalAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Canadian P&amp;C</link:label>
    <link:label id="lab_bmo_CanadianPersonalAndCommercialBankingMember_label_en-US" xlink:label="lab_bmo_CanadianPersonalAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Canadian Personal and Commercial Banking [Member]</link:label>
    <link:label id="lab_bmo_CanadianPersonalAndCommercialBankingMember_documentation_en-US" xlink:label="lab_bmo_CanadianPersonalAndCommercialBankingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Canadian personal and commercial banking.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CanadianPersonalAndCommercialBankingMember" xlink:href="bmo-20260430.xsd#bmo_CanadianPersonalAndCommercialBankingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CanadianPersonalAndCommercialBankingMember" xlink:to="lab_bmo_CanadianPersonalAndCommercialBankingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProbabilityOfDefaultDomain_019ce237-ef22-7178-8d61-3478d7b79b0e_terseLabel_en-US" xlink:label="lab_ifrs-full_ProbabilityOfDefaultDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Probability of default [domain]</link:label>
    <link:label id="lab_ifrs-full_ProbabilityOfDefaultDomain_label_en-US" xlink:label="lab_ifrs-full_ProbabilityOfDefaultDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Probability of default [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProbabilityOfDefaultDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProbabilityOfDefaultDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProbabilityOfDefaultDomain" xlink:to="lab_ifrs-full_ProbabilityOfDefaultDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AverageEarningAssets_019ce237-efb6-72d4-bffe-2d126234e56b_terseLabel_en-US" xlink:label="lab_bmo_AverageEarningAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Average earning assets</link:label>
    <link:label id="lab_bmo_AverageEarningAssets_label_en-US" xlink:label="lab_bmo_AverageEarningAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average Earning Assets</link:label>
    <link:label id="lab_bmo_AverageEarningAssets_documentation_en-US" xlink:label="lab_bmo_AverageEarningAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Average earning assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AverageEarningAssets" xlink:href="bmo-20260430.xsd#bmo_AverageEarningAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AverageEarningAssets" xlink:to="lab_bmo_AverageEarningAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TierOneCapital_019ce237-ef22-7d9d-8859-c859db9475e1_terseLabel_en-US" xlink:label="lab_bmo_TierOneCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Tier 1 Capital</link:label>
    <link:label id="lab_bmo_TierOneCapital_label_en-US" xlink:label="lab_bmo_TierOneCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tier one capital</link:label>
    <link:label id="lab_bmo_TierOneCapital_documentation_en-US" xlink:label="lab_bmo_TierOneCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tier one capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TierOneCapital" xlink:href="bmo-20260430.xsd#bmo_TierOneCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TierOneCapital" xlink:to="lab_bmo_TierOneCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SourceOfDepositAxis_019ce237-ef22-736f-8573-b4c36ea0a9f5_terseLabel_en-US" xlink:label="lab_bmo_SourceOfDepositAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Source Of Deposit [Axis]</link:label>
    <link:label id="lab_bmo_SourceOfDepositAxis_label_en-US" xlink:label="lab_bmo_SourceOfDepositAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Source Of Deposit [Axis]</link:label>
    <link:label id="lab_bmo_SourceOfDepositAxis_documentation_en-US" xlink:label="lab_bmo_SourceOfDepositAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Source of deposit.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SourceOfDepositAxis" xlink:href="bmo-20260430.xsd#bmo_SourceOfDepositAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SourceOfDepositAxis" xlink:to="lab_bmo_SourceOfDepositAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract_019ce237-ef22-733a-b28b-b3e0daf45d19_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Loans and Allowance for Credit Losses [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract_label_en-US" xlink:label="lab_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Loans and Allowance for Credit Losses [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract_documentation_en-US" xlink:label="lab_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of loans and allowance for credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract" xlink:to="lab_bmo_DisclosureOfLoansAndAllowanceForCreditLossesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock_019ce237-ef22-7b94-a506-66632fce35bf_terseLabel_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Classification of Securities</link:label>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Securities By Classification Explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of securities by classification explanatory.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock" xlink:to="lab_bmo_ScheduleOfSecuritiesByClassificationExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceServiceResultAbstract_019ce237-ee59-73fa-a2bd-affa145215b4_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResultAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance service result [abstract]</link:label>
    <link:label id="lab_ifrs-full_InsuranceServiceResultAbstract_label_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResultAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance service result [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceServiceResultAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceServiceResultAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceServiceResultAbstract" xlink:to="lab_ifrs-full_InsuranceServiceResultAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherMiscellaneousAssets_019ce237-ef21-7a46-b393-036ac510d2ce_totalLabel_en-US" xlink:label="lab_bmo_OtherMiscellaneousAssets" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other Assets</link:label>
    <link:label id="lab_bmo_OtherMiscellaneousAssets_label_en-US" xlink:label="lab_bmo_OtherMiscellaneousAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Miscellaneous Assets</link:label>
    <link:label id="lab_bmo_OtherMiscellaneousAssets_documentation_en-US" xlink:label="lab_bmo_OtherMiscellaneousAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other miscellaneous assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherMiscellaneousAssets" xlink:href="bmo-20260430.xsd#bmo_OtherMiscellaneousAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherMiscellaneousAssets" xlink:to="lab_bmo_OtherMiscellaneousAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis_019ce237-ef22-7b93-8f02-ed25f6aaea81_terseLabel_en-US" xlink:label="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [axis]</link:label>
    <link:label id="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:to="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TotalCapital_019ce237-ef22-71e4-b8db-ffa5c78cd631_terseLabel_en-US" xlink:label="lab_bmo_TotalCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Capital</link:label>
    <link:label id="lab_bmo_TotalCapital_label_en-US" xlink:label="lab_bmo_TotalCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Capital</link:label>
    <link:label id="lab_bmo_TotalCapital_documentation_en-US" xlink:label="lab_bmo_TotalCapital" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total Capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TotalCapital" xlink:href="bmo-20260430.xsd#bmo_TotalCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TotalCapital" xlink:to="lab_bmo_TotalCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NumberOfBranchesToBeSold_019ce237-efb6-78d9-a9e3-06558b23232b_terseLabel_en-US" xlink:label="lab_bmo_NumberOfBranchesToBeSold" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of branches to be sold</link:label>
    <link:label id="lab_bmo_NumberOfBranchesToBeSold_label_en-US" xlink:label="lab_bmo_NumberOfBranchesToBeSold" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Branches To Be Sold</link:label>
    <link:label id="lab_bmo_NumberOfBranchesToBeSold_documentation_en-US" xlink:label="lab_bmo_NumberOfBranchesToBeSold" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Branches To Be Sold</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NumberOfBranchesToBeSold" xlink:href="bmo-20260430.xsd#bmo_NumberOfBranchesToBeSold"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NumberOfBranchesToBeSold" xlink:to="lab_bmo_NumberOfBranchesToBeSold" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices_019ce237-efb6-7abf-940b-83cee17fcb90_terseLabel_en-US" xlink:label="lab_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">10% increase</link:label>
    <link:label id="lab_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices_label_en-US" xlink:label="lab_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase In Profit Or Loss From Ten Percent Increase In Equity Prices</link:label>
    <link:label id="lab_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices_documentation_en-US" xlink:label="lab_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase In Profit Or Loss From Ten Percent Increase In Equity Prices</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices" xlink:href="bmo-20260430.xsd#bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices" xlink:to="lab_bmo_IncreaseInProfitOrLossFromTenPercentIncreaseInEquityPrices" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutedEarningsPerShareAbstract_019ce237-efb6-7b74-8a48-d403a6727129_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted Earnings Per Common Share</link:label>
    <link:label id="lab_ifrs-full_DilutedEarningsPerShareAbstract_label_en-US" xlink:label="lab_ifrs-full_DilutedEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutedEarningsPerShareAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutedEarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsPerShareAbstract" xlink:to="lab_ifrs-full_DilutedEarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BalancesOnNoticeDepositsFromCustomers_019ce237-ef22-7b5e-80b2-5ff27462c8f8_terseLabel_en-US" xlink:label="lab_bmo_BalancesOnNoticeDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payable after notice</link:label>
    <link:label id="lab_bmo_BalancesOnNoticeDepositsFromCustomers_label_en-US" xlink:label="lab_bmo_BalancesOnNoticeDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances on notice deposits from customers</link:label>
    <link:label id="lab_bmo_BalancesOnNoticeDepositsFromCustomers_documentation_en-US" xlink:label="lab_bmo_BalancesOnNoticeDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balances on notice deposits from customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BalancesOnNoticeDepositsFromCustomers" xlink:href="bmo-20260430.xsd#bmo_BalancesOnNoticeDepositsFromCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BalancesOnNoticeDepositsFromCustomers" xlink:to="lab_bmo_BalancesOnNoticeDepositsFromCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MiscellaneousAssetsAbstract_019ce237-ef22-79e3-96f7-4956b46c10e1_terseLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Assets</link:label>
    <link:label id="lab_ifrs-full_MiscellaneousAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_MiscellaneousAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousAssetsAbstract" xlink:to="lab_ifrs-full_MiscellaneousAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonInterestBearingDepositsInstant_019ce237-ef22-70b1-9ba1-b6f7c0134437_terseLabel_en-US" xlink:label="lab_bmo_NonInterestBearingDepositsInstant" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non interest bearing deposits</link:label>
    <link:label id="lab_bmo_NonInterestBearingDepositsInstant_label_en-US" xlink:label="lab_bmo_NonInterestBearingDepositsInstant" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Interest Bearing Deposits instant</link:label>
    <link:label id="lab_bmo_NonInterestBearingDepositsInstant_documentation_en-US" xlink:label="lab_bmo_NonInterestBearingDepositsInstant" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non interest bearing deposits.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonInterestBearingDepositsInstant" xlink:href="bmo-20260430.xsd#bmo_NonInterestBearingDepositsInstant"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonInterestBearingDepositsInstant" xlink:to="lab_bmo_NonInterestBearingDepositsInstant" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DerivativesLiabilitiesMember_019ce237-efb6-7d47-8439-42220040e3ef_terseLabel_en-US" xlink:label="lab_bmo_DerivativesLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Liabilities</link:label>
    <link:label id="lab_bmo_DerivativesLiabilitiesMember_label_en-US" xlink:label="lab_bmo_DerivativesLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives Liabilities [member]</link:label>
    <link:label id="lab_bmo_DerivativesLiabilitiesMember_documentation_en-US" xlink:label="lab_bmo_DerivativesLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivatives liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DerivativesLiabilitiesMember" xlink:href="bmo-20260430.xsd#bmo_DerivativesLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DerivativesLiabilitiesMember" xlink:to="lab_bmo_DerivativesLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_019ce237-efb6-7310-a265-3f87987642ff_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents acquired as part of the acquisitions</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents in subsidiary or businesses acquired or disposed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:to="lab_ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfCapitalManagementTextBlock_019ce237-ee59-7eeb-9807-0084fdcab3ba_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfCapitalManagementTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital Management</link:label>
    <link:label id="lab_bmo_DisclosureOfCapitalManagementTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfCapitalManagementTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Capital Management [Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfCapitalManagementTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfCapitalManagementTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure of capital management.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfCapitalManagementTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfCapitalManagementTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfCapitalManagementTextBlock" xlink:to="lab_bmo_DisclosureOfCapitalManagementTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_MutualFundRevenue_019ce237-efb6-7ca5-b389-5fa449ae23d3_terseLabel_en-US" xlink:label="lab_bmo_MutualFundRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Mutual fund revenues</link:label>
    <link:label id="lab_bmo_MutualFundRevenue_label_en-US" xlink:label="lab_bmo_MutualFundRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mutual fund revenue</link:label>
    <link:label id="lab_bmo_MutualFundRevenue_documentation_en-US" xlink:label="lab_bmo_MutualFundRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mutual fund revenue.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_MutualFundRevenue" xlink:href="bmo-20260430.xsd#bmo_MutualFundRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_MutualFundRevenue" xlink:to="lab_bmo_MutualFundRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain_019ce237-ef22-75ef-8c50-0112f629f3c2_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of financial liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:to="lab_ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued_019ce237-efb6-7545-83b2-d5d62f7c6bf0_negatedLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Insurance service expenses</link:label>
    <link:label id="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued_label_en-US" xlink:label="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance service expenses from insurance contracts issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:to="lab_ifrs-full_InsuranceServiceExpensesFromInsuranceContractsIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_019ce237-ef22-7362-b1ac-e5079563e5f7_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through other changes, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_019ce237-ef21-760c-907a-4888cab30667_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Flows Provided by (Used in) Investing Activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDeferredTaxExpense_019ce237-ef22-7e6a-87fb-43157ef404f4_verboseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deferred taxes</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDeferredTaxExpense_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for deferred tax expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDeferredTaxExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:to="lab_ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForAmortizationOfIntangibleAssets_019ce237-efb6-7cd3-802d-725bdda31427_terseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForAmortizationOfIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of intangible assets</link:label>
    <link:label id="lab_bmo_AdjustmentsForAmortizationOfIntangibleAssets_label_en-US" xlink:label="lab_bmo_AdjustmentsForAmortizationOfIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for amortization of intangible assets</link:label>
    <link:label id="lab_bmo_AdjustmentsForAmortizationOfIntangibleAssets_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForAmortizationOfIntangibleAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for amortization of intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForAmortizationOfIntangibleAssets" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForAmortizationOfIntangibleAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForAmortizationOfIntangibleAssets" xlink:to="lab_bmo_AdjustmentsForAmortizationOfIntangibleAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_019ce237-ef22-7a2c-8ae0-b5f1c8f4a60c_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial assets [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialAssetsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill_019e1530-4a81-7f65-b09f-ecdecc362283_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment loss recognised in profit or loss, intangible assets and goodwill</link:label>
    <link:label id="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill_label_en-US" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment loss recognised in profit or loss, intangible assets and goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" xlink:to="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities_019ce237-ee59-749f-9cd7-013705a394de_terseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitization and structured entities&#8217; liabilities</link:label>
    <link:label id="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities_label_en-US" xlink:label="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Decrease Increase In Securitization And Structured Entities Liabilities</link:label>
    <link:label id="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Decrease Increase In Securitization And Structured Entities Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities" xlink:to="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritizationAndStructuredEntitiesLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_019ce237-ef22-74b2-8755-40eb7b552d57_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk-free rate of return</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Risk free interest rate, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_019ce237-ef22-7b60-b46d-1321f23e257f_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unrealized gains (losses) on fair value through OCI debt securities arising during the period</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_019ce237-ef22-7a05-adc8-ee0f0897c0d7_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized gains (losses) on fair value through OCI debt securities arising during the period</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StatementOfComprehensiveIncomeTable_019ce237-ef22-7f4d-8b87-e284ca80f899_terseLabel_en-US" xlink:label="lab_bmo_StatementOfComprehensiveIncomeTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement Of Comprehensive Income [Table]</link:label>
    <link:label id="lab_bmo_StatementOfComprehensiveIncomeTable_label_en-US" xlink:label="lab_bmo_StatementOfComprehensiveIncomeTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Of Comprehensive Income [Table]</link:label>
    <link:label id="lab_bmo_StatementOfComprehensiveIncomeTable_documentation_en-US" xlink:label="lab_bmo_StatementOfComprehensiveIncomeTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Statement Of Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StatementOfComprehensiveIncomeTable" xlink:href="bmo-20260430.xsd#bmo_StatementOfComprehensiveIncomeTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StatementOfComprehensiveIncomeTable" xlink:to="lab_bmo_StatementOfComprehensiveIncomeTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DefaultAndImpairedMember_019ce237-ee59-7c17-814a-025aafb60007_terseLabel_en-US" xlink:label="lab_bmo_DefaultAndImpairedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impaired</link:label>
    <link:label id="lab_bmo_DefaultAndImpairedMember_label_en-US" xlink:label="lab_bmo_DefaultAndImpairedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Default And Impaired [Member]</link:label>
    <link:label id="lab_bmo_DefaultAndImpairedMember_documentation_en-US" xlink:label="lab_bmo_DefaultAndImpairedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Default and impaired.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DefaultAndImpairedMember" xlink:href="bmo-20260430.xsd#bmo_DefaultAndImpairedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DefaultAndImpairedMember" xlink:to="lab_bmo_DefaultAndImpairedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradingIncomeExpense_019ce237-efb6-7ded-87c6-b773b1ad2b34_verboseLabel_en-US" xlink:label="lab_ifrs-full_TradingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Trading revenues</link:label>
    <link:label id="lab_ifrs-full_TradingIncomeExpense_label_en-US" xlink:label="lab_ifrs-full_TradingIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading income (expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradingIncomeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingIncomeExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradingIncomeExpense" xlink:to="lab_ifrs-full_TradingIncomeExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_019ce237-efb6-7880-be60-8b8660145750_terseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 3</link:label>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_label_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="lab_ifrs-full_Level3OfFairValueHierarchyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ShareRepurchaseProgramAuthorizedAmount_019ce237-ee59-70fc-b6b1-6aa02b720305_terseLabel_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramAuthorizedAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share repurchase program authorized amount</link:label>
    <link:label id="lab_bmo_ShareRepurchaseProgramAuthorizedAmount_label_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramAuthorizedAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Repurchase Program Authorized Amount</link:label>
    <link:label id="lab_bmo_ShareRepurchaseProgramAuthorizedAmount_documentation_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramAuthorizedAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share repurchase program authorized amount.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ShareRepurchaseProgramAuthorizedAmount" xlink:href="bmo-20260430.xsd#bmo_ShareRepurchaseProgramAuthorizedAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ShareRepurchaseProgramAuthorizedAmount" xlink:to="lab_bmo_ShareRepurchaseProgramAuthorizedAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_RemainingTwoYearsHorizonMember_019ce237-efb6-7719-bb28-49fe56aa4bd5_terseLabel_en-US" xlink:label="lab_bmo_RemainingTwoYearsHorizonMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Remaining horizon</link:label>
    <link:label id="lab_bmo_RemainingTwoYearsHorizonMember_label_en-US" xlink:label="lab_bmo_RemainingTwoYearsHorizonMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Remaining Two Years Horizon [Member]</link:label>
    <link:label id="lab_bmo_RemainingTwoYearsHorizonMember_documentation_en-US" xlink:label="lab_bmo_RemainingTwoYearsHorizonMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Remaining two years horizon.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_RemainingTwoYearsHorizonMember" xlink:href="bmo-20260430.xsd#bmo_RemainingTwoYearsHorizonMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_RemainingTwoYearsHorizonMember" xlink:to="lab_bmo_RemainingTwoYearsHorizonMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BankDepositsMember_019ce237-ef22-7717-b000-d5b51ecbaa76_terseLabel_en-US" xlink:label="lab_bmo_BankDepositsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Banks</link:label>
    <link:label id="lab_bmo_BankDepositsMember_label_en-US" xlink:label="lab_bmo_BankDepositsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank Deposits [Member]</link:label>
    <link:label id="lab_bmo_BankDepositsMember_documentation_en-US" xlink:label="lab_bmo_BankDepositsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bank deposits.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BankDepositsMember" xlink:href="bmo-20260430.xsd#bmo_BankDepositsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BankDepositsMember" xlink:to="lab_bmo_BankDepositsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ImpairmentOfFinancialAssetsAxis_019ce237-efb6-7c89-9dc5-9c59c064aada_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_ImpairmentOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentOfFinancialAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_019ce237-ef22-742c-9a49-07855fc2892a_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued under the Stock Option Plan</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through share-based payment transactions, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_019ce237-efb6-7d39-846a-18c05a2509c4_terseLabel_en-US" xlink:label="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:label id="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill recognised as of acquisition date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GoodwillRecognisedAsOfAcquisitionDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_GoodwillRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_EquityContractsMember_019ce237-efb6-7fa0-b507-7a967540f7fc_terseLabel_en-US" xlink:label="lab_bmo_EquityContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity contracts</link:label>
    <link:label id="lab_bmo_EquityContractsMember_label_en-US" xlink:label="lab_bmo_EquityContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Contracts [member]</link:label>
    <link:label id="lab_bmo_EquityContractsMember_documentation_en-US" xlink:label="lab_bmo_EquityContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Equity contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_EquityContractsMember" xlink:href="bmo-20260430.xsd#bmo_EquityContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_EquityContractsMember" xlink:to="lab_bmo_EquityContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_USDollarsMember_019ce237-ee59-7e98-b41f-fe61c27de2af_terseLabel_en-US" xlink:label="lab_bmo_USDollarsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. dollars</link:label>
    <link:label id="lab_bmo_USDollarsMember_label_en-US" xlink:label="lab_bmo_USDollarsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">U.S. dollars [member]</link:label>
    <link:label id="lab_bmo_USDollarsMember_documentation_en-US" xlink:label="lab_bmo_USDollarsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">U.S. dollars.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_USDollarsMember" xlink:href="bmo-20260430.xsd#bmo_USDollarsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_USDollarsMember" xlink:to="lab_bmo_USDollarsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable_019ce237-efb6-7331-987c-a505e1106a44_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:to="lab_ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ImpairmentOfFinancialAssetsDomain_019ce237-ef22-752a-9112-9cdb4c44c461_terseLabel_en-US" xlink:label="lab_ifrs-full_ImpairmentOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment of financial assets [domain]</link:label>
    <link:label id="lab_ifrs-full_ImpairmentOfFinancialAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_ImpairmentOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment of financial assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentOfFinancialAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentOfFinancialAssetsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ImpairmentOfFinancialAssetsDomain" xlink:to="lab_ifrs-full_ImpairmentOfFinancialAssetsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets_019ce237-ee59-757b-a471-18ae7bd4551c_verboseLabel_en-US" xlink:label="lab_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Transfer to Stage 1</link:label>
    <link:label id="lab_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfer to stage one allowance account for credit losses of financial assets</link:label>
    <link:label id="lab_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets_documentation_en-US" xlink:label="lab_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfer to stage one allowance account for credit losses of financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_bmo_TransferToStageOneAllowanceAccountForCreditLossesOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable_019ce237-ef22-7e39-93a4-06ee962db2b7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of defined benefit plans [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of defined benefit plans [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:to="lab_ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets_019ce237-ef22-7b88-8954-766f2df2eceb_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Write-offs</link:label>
    <link:label id="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease through write-off, financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughWriteoffFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:to="lab_ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationLineItems_019ce237-ef21-7b35-a1d4-348f33ab31e4_terseLabel_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule of Securities By Classification [Line Items]</link:label>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationLineItems_label_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Securities By Classification [Line Items]</link:label>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationLineItems_documentation_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule of Securities By Classification [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ScheduleOfSecuritiesByClassificationLineItems" xlink:href="bmo-20260430.xsd#bmo_ScheduleOfSecuritiesByClassificationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ScheduleOfSecuritiesByClassificationLineItems" xlink:to="lab_bmo_ScheduleOfSecuritiesByClassificationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_019ce237-ef22-757c-8dad-28b63df9e8b9_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign exchange gains, other than trading</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange gain (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BusinessAndGovernmentDepositsMember_019ce237-ef22-7042-a3c0-2cdacee5a809_terseLabel_en-US" xlink:label="lab_bmo_BusinessAndGovernmentDepositsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business and government</link:label>
    <link:label id="lab_bmo_BusinessAndGovernmentDepositsMember_label_en-US" xlink:label="lab_bmo_BusinessAndGovernmentDepositsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business And Government Deposits [Member]</link:label>
    <link:label id="lab_bmo_BusinessAndGovernmentDepositsMember_documentation_en-US" xlink:label="lab_bmo_BusinessAndGovernmentDepositsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business And Government Deposits [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BusinessAndGovernmentDepositsMember" xlink:href="bmo-20260430.xsd#bmo_BusinessAndGovernmentDepositsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BusinessAndGovernmentDepositsMember" xlink:to="lab_bmo_BusinessAndGovernmentDepositsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable_019ce237-ef22-7795-8e50-75c860a7e475_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries_019ce237-ee59-77cd-b9e7-c9c44fe1872a_terseLabel_en-US" xlink:label="lab_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net increase (decrease) in liabilities of subsidiaries</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries_label_en-US" xlink:label="lab_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase decrease in liabilities of subsidiaries</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries_documentation_en-US" xlink:label="lab_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) in the liabilities held by subsidiaries.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries" xlink:href="bmo-20260430.xsd#bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries" xlink:to="lab_bmo_IncreaseDecreaseInLiabilitiesOfSubsidiaries" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember_019ce237-ef22-7a02-b6aa-0b0ae6811ead_terseLabel_en-US" xlink:label="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NHA MBS, U.S. agency MBS and CMO</link:label>
    <link:label id="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember_019ce237-ef22-7cdf-a7d1-5fdebe32399a_verboseLabel_en-US" xlink:label="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">NHA MBS, and U.S. agency MBS and CMO</link:label>
    <link:label id="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember_label_en-US" xlink:label="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NHAMBS US Agency MBS And CMO [Member]</link:label>
    <link:label id="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember_documentation_en-US" xlink:label="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">NHA MBS and U.S. agency MBS and CMO.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NHAMBSUSAgencyMBSAndCMOMember" xlink:href="bmo-20260430.xsd#bmo_NHAMBSUSAgencyMBSAndCMOMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NHAMBSUSAgencyMBSAndCMOMember" xlink:to="lab_bmo_NHAMBSUSAgencyMBSAndCMOMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PastDueStatusAxis_019ce237-ef22-72c8-934c-639541e5e11e_terseLabel_en-US" xlink:label="lab_ifrs-full_PastDueStatusAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Past due status [axis]</link:label>
    <link:label id="lab_ifrs-full_PastDueStatusAxis_label_en-US" xlink:label="lab_ifrs-full_PastDueStatusAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Past due status [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PastDueStatusAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PastDueStatusAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PastDueStatusAxis" xlink:to="lab_ifrs-full_PastDueStatusAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember_019e1cc4-4d8d-7adb-862e-bf940ef9f6e6_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classification of assets as held for sale</link:label>
    <link:label id="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember_label_en-US" xlink:label="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classification of assets as held for sale [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassificationOfAssetsAsHeldForSaleMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:to="lab_ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_019ce237-efb6-7d90-b1d6-07c9fcbda1c4_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected period until exercise (in years)</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Option life, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfOptionLifeShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfOptionLifeShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_019ce237-efb6-7b0a-be8e-6e01f7889bb7_terseLabel_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of Exchange Rate Changes on Cash and Cash Equivalents</link:label>
    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effect of exchange rate changes on cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
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    <link:label id="lab_bmo_LoansToBusinessAndGovernment_019ce237-ef22-768e-b578-eafe6280d9a1_terseLabel_en-US" xlink:label="lab_bmo_LoansToBusinessAndGovernment" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business and government</link:label>
    <link:label id="lab_bmo_LoansToBusinessAndGovernment_label_en-US" xlink:label="lab_bmo_LoansToBusinessAndGovernment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans to business and government</link:label>
    <link:label id="lab_bmo_LoansToBusinessAndGovernment_documentation_en-US" xlink:label="lab_bmo_LoansToBusinessAndGovernment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of loans to businesses and government made by the entity.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansToBusinessAndGovernment" xlink:href="bmo-20260430.xsd#bmo_LoansToBusinessAndGovernment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoansToBusinessAndGovernment" xlink:to="lab_bmo_LoansToBusinessAndGovernment" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncreaseDecreaseThroughRepurchasedForCancellation_019ce237-ef22-7a56-99e3-8ce2adb67faf_negatedLabel_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughRepurchasedForCancellation" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Purchased for cancellation</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseThroughRepurchasedForCancellation_label_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughRepurchasedForCancellation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease Through Repurchased For Cancellation</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseThroughRepurchasedForCancellation_documentation_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughRepurchasedForCancellation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase Decrease Through Repurchased For Cancellation.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncreaseDecreaseThroughRepurchasedForCancellation" xlink:href="bmo-20260430.xsd#bmo_IncreaseDecreaseThroughRepurchasedForCancellation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncreaseDecreaseThroughRepurchasedForCancellation" xlink:to="lab_bmo_IncreaseDecreaseThroughRepurchasedForCancellation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset_019ce237-ef22-7fbc-a38a-3d18c36c431f_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance service results</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through insurance service result, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_019ce237-ee59-7581-be03-f4827d90d44b_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_019ce237-efb6-7592-b064-3262b6965a96_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Write-down of goodwill and intangible assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
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    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_019ce237-efb6-75af-988e-9c42e4865012_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of terms and conditions of share-based payment arrangement [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:to="lab_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk_019ce237-ee59-7d40-9520-3390083e44b9_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unencumbered liquid assets</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets held for managing liquidity risk</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk"/>
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    <link:label id="lab_ifrs-full_CommunicationExpense_019ce237-efb6-7980-bc4c-753312053e4b_terseLabel_en-US" xlink:label="lab_ifrs-full_CommunicationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Communications</link:label>
    <link:label id="lab_ifrs-full_CommunicationExpense_label_en-US" xlink:label="lab_ifrs-full_CommunicationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Communication expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CommunicationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CommunicationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CommunicationExpense" xlink:to="lab_ifrs-full_CommunicationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_019ce237-ee59-713e-81e9-d8f69b381df9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee Compensation</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of share-based payment arrangements [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoansBeforeAllowanceForLoanLosses_019ce237-ef22-7ce4-b4fb-96567454503e_totalLabel_en-US" xlink:label="lab_bmo_LoansBeforeAllowanceForLoanLosses" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Loans gross of allowance for loan losses</link:label>
    <link:label id="lab_bmo_LoansBeforeAllowanceForLoanLosses_label_en-US" xlink:label="lab_bmo_LoansBeforeAllowanceForLoanLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Before Allowance For Loan Losses</link:label>
    <link:label id="lab_bmo_LoansBeforeAllowanceForLoanLosses_documentation_en-US" xlink:label="lab_bmo_LoansBeforeAllowanceForLoanLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Retail and Wholesale loans made by the entity before allowance for loan losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansBeforeAllowanceForLoanLosses" xlink:href="bmo-20260430.xsd#bmo_LoansBeforeAllowanceForLoanLosses"/>
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    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable_019ce237-efb6-7e5a-aa00-9b5f8a38f2b4_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about financial instruments [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_019ce237-ef21-7d49-9ea5-473449916dcb_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [domain]</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasDomain" xlink:to="lab_ifrs-full_GeographicalAreasDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems_019ce237-ef22-7ac3-8bd5-4e59e7e488f2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsLineItems"/>
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    <link:label id="lab_bmo_DepositsAtFairValueThroughProfitAndLossMember_019ce237-ee59-77be-a922-6a5743b91223_terseLabel_en-US" xlink:label="lab_bmo_DepositsAtFairValueThroughProfitAndLossMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits at FVTPL</link:label>
    <link:label id="lab_bmo_DepositsAtFairValueThroughProfitAndLossMember_label_en-US" xlink:label="lab_bmo_DepositsAtFairValueThroughProfitAndLossMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits At Fair Value Through Profit And Loss [Member]</link:label>
    <link:label id="lab_bmo_DepositsAtFairValueThroughProfitAndLossMember_documentation_en-US" xlink:label="lab_bmo_DepositsAtFairValueThroughProfitAndLossMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deposits At Fair Value Through Profit And Loss [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DepositsAtFairValueThroughProfitAndLossMember" xlink:href="bmo-20260430.xsd#bmo_DepositsAtFairValueThroughProfitAndLossMember"/>
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    <link:label id="lab_bmo_DisclosureOfNonInterestRevenueExplanatoryTableTextBlock_019ce237-ef22-772a-8041-1b309739d0cc_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfNonInterestRevenueExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Non Interest Revenue</link:label>
    <link:label id="lab_bmo_DisclosureOfNonInterestRevenueExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfNonInterestRevenueExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of non interest revenue explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfNonInterestRevenueExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfNonInterestRevenueExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of non interest revenue explanatory.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfNonInterestRevenueExplanatoryTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfNonInterestRevenueExplanatoryTableTextBlock"/>
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    <link:label id="lab_bmo_DisclosureOfSecuritiesAbstract_019ce237-efb6-7116-bbee-f71d568cc268_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfSecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Securities [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfSecuritiesAbstract_label_en-US" xlink:label="lab_bmo_DisclosureOfSecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Securities [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfSecuritiesAbstract_documentation_en-US" xlink:label="lab_bmo_DisclosureOfSecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Securities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfSecuritiesAbstract" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfSecuritiesAbstract"/>
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    <link:label id="lab_dei_DocumentFiscalYearFocus_019ce237-ef22-7791-af6e-ddceea65538a_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus"/>
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    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_019ce237-ef22-705e-8fed-f8813b4c8d55_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments to determine net cash flows provided by operating activities:</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile profit (loss) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
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    <link:label id="lab_bmo_InterestIncome1Abstract_019ce237-ef21-7e17-9cc6-c96304d90750_terseLabel_en-US" xlink:label="lab_bmo_InterestIncome1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest, Dividend and Fee Income</link:label>
    <link:label id="lab_bmo_InterestIncome1Abstract_label_en-US" xlink:label="lab_bmo_InterestIncome1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income1 [Abstract]</link:label>
    <link:label id="lab_bmo_InterestIncome1Abstract_documentation_en-US" xlink:label="lab_bmo_InterestIncome1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestIncome1Abstract" xlink:href="bmo-20260430.xsd#bmo_InterestIncome1Abstract"/>
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    <link:label id="lab_ifrs-full_LaterThanOneYearMember_019ce237-ef21-7d92-b6c2-74c7f332c910_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Over 12 months</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneYearMember" xlink:to="lab_ifrs-full_LaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdditionalIncomeTaxAndInterestAssessed_019ce237-ef22-7515-a00e-ae34ea855f72_terseLabel_en-US" xlink:label="lab_bmo_AdditionalIncomeTaxAndInterestAssessed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additional income tax expense and interest</link:label>
    <link:label id="lab_bmo_AdditionalIncomeTaxAndInterestAssessed_label_en-US" xlink:label="lab_bmo_AdditionalIncomeTaxAndInterestAssessed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Income Tax And Interest Assessed</link:label>
    <link:label id="lab_bmo_AdditionalIncomeTaxAndInterestAssessed_documentation_en-US" xlink:label="lab_bmo_AdditionalIncomeTaxAndInterestAssessed" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Additional income tax expense and interest from CRA reassessment.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdditionalIncomeTaxAndInterestAssessed" xlink:href="bmo-20260430.xsd#bmo_AdditionalIncomeTaxAndInterestAssessed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdditionalIncomeTaxAndInterestAssessed" xlink:to="lab_bmo_AdditionalIncomeTaxAndInterestAssessed" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PremisesAndEquipmentRelatedExpenses_019ce237-ee59-7d8c-b249-5f2d16554f7d_terseLabel_en-US" xlink:label="lab_bmo_PremisesAndEquipmentRelatedExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Premises and equipment</link:label>
    <link:label id="lab_bmo_PremisesAndEquipmentRelatedExpenses_label_en-US" xlink:label="lab_bmo_PremisesAndEquipmentRelatedExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Premises and equipment related expenses</link:label>
    <link:label id="lab_bmo_PremisesAndEquipmentRelatedExpenses_documentation_en-US" xlink:label="lab_bmo_PremisesAndEquipmentRelatedExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Premises and equipment related expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PremisesAndEquipmentRelatedExpenses" xlink:href="bmo-20260430.xsd#bmo_PremisesAndEquipmentRelatedExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PremisesAndEquipmentRelatedExpenses" xlink:to="lab_bmo_PremisesAndEquipmentRelatedExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax_019e6580-2f19-7f9e-b6ab-37965bd24a27_negatedLabel_en-US" xlink:label="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Charge recognized on assets reclassified to held for sale, before tax</link:label>
    <link:label id="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax_label_en-US" xlink:label="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected Impact Of Assets Reclassified To Held For Sale, Before Tax</link:label>
    <link:label id="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax_documentation_en-US" xlink:label="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expected Impact Of Assets Reclassified To Held For Sale, Before Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax" xlink:href="bmo-20260430.xsd#bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax" xlink:to="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_019ce237-ef22-755a-a834-3a2234e61713_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_019ce237-efb6-76a5-a757-74e27942ab2e_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Losses from securities designated at FVTPL</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on financial assets at fair value through profit or loss, designated upon initial recognition or subsequently</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:to="lab_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation_019ce237-ef22-7c33-9665-9846546a434d_negatedLabel_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Common shares purchased for cancellation (Note 6)</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation_label_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease Through Common Shares Repurchased For Cancellation</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation_documentation_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase Decrease Through Common Shares Repurchased For Cancellation.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation" xlink:href="bmo-20260430.xsd#bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation" xlink:to="lab_bmo_IncreaseDecreaseThroughCommonSharesRepurchasedForCancellation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_019ce237-ee59-7288-9497-b62a90aa88e6_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Shareholders&#8217; Equity</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParentMember_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherAssetsMember_019ce237-ef22-70ee-852d-f725f8d3c1f2_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_ifrs-full_OtherAssetsMember_label_en-US" xlink:label="lab_ifrs-full_OtherAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssetsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAssetsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssetsMember" xlink:to="lab_ifrs-full_OtherAssetsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock_019ce237-ef22-7332-9cc8-7afec9020f29_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Disclosure Of Financial Assets That Are Past Due But Not Impaired</link:label>
    <link:label id="lab_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Financial Assets That Are Past Due But Not Impaired Explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets that are past due but not impaired.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock" xlink:to="lab_bmo_DisclosureOfFinancialAssetsThatArePastDueButNotImpairedExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices_019ce237-efb6-7e5d-82ef-92e7af6e0cf6_negatedTerseLabel_en-US" xlink:label="lab_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">10% decrease</link:label>
    <link:label id="lab_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices_label_en-US" xlink:label="lab_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Decrease In Profit Or Loss From Ten Percent Decrease In Equity Prices</link:label>
    <link:label id="lab_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices_documentation_en-US" xlink:label="lab_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Decrease In Profit Or Loss From Ten Percent Decrease In Equity Prices</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices" xlink:href="bmo-20260430.xsd#bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices" xlink:to="lab_bmo_DecreaseInProfitOrLossFromTenPercentDecreaseInEquityPrices" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_019ce237-ef22-7228-ba2c-fb4b26625ee6_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest and dividend income</link:label>
    <link:label id="lab_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on financial assets designated at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:to="lab_ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember_019ce237-ef22-76f1-a28b-235c96915504_terseLabel_en-US" xlink:label="lab_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FVTPL investment securities held by Insurance subsidiaries designated at fair value</link:label>
    <link:label id="lab_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember_label_en-US" xlink:label="lab_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related To Securities Held By Insurance Subsidiaries [Member]</link:label>
    <link:label id="lab_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember_documentation_en-US" xlink:label="lab_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to securities held by insurance subsidiaries [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember" xlink:href="bmo-20260430.xsd#bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember" xlink:to="lab_bmo_RelatedToSecuritiesHeldByInsuranceSubsidiariesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_RedeemablePreferenceSharesValueOutstanding_019ce237-ef22-790b-a28b-5cb19c51d285_terseLabel_en-US" xlink:label="lab_bmo_RedeemablePreferenceSharesValueOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Redemption amount</link:label>
    <link:label id="lab_bmo_RedeemablePreferenceSharesValueOutstanding_label_en-US" xlink:label="lab_bmo_RedeemablePreferenceSharesValueOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redeemable Preference Shares Value Outstanding</link:label>
    <link:label id="lab_bmo_RedeemablePreferenceSharesValueOutstanding_documentation_en-US" xlink:label="lab_bmo_RedeemablePreferenceSharesValueOutstanding" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Redeemable preference shares value outstanding.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_RedeemablePreferenceSharesValueOutstanding" xlink:href="bmo-20260430.xsd#bmo_RedeemablePreferenceSharesValueOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_RedeemablePreferenceSharesValueOutstanding" xlink:to="lab_bmo_RedeemablePreferenceSharesValueOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExposureTable_019ce237-ee59-7761-9c99-ddc2b7c3cc2f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk exposure [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExposureTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk exposure [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:to="lab_ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherLiabilitiesMember_019ce237-efb6-731b-9802-8ba515745a6b_terseLabel_en-US" xlink:label="lab_bmo_OtherLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
    <link:label id="lab_bmo_OtherLiabilitiesMember_label_en-US" xlink:label="lab_bmo_OtherLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities [Member]</link:label>
    <link:label id="lab_bmo_OtherLiabilitiesMember_documentation_en-US" xlink:label="lab_bmo_OtherLiabilitiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherLiabilitiesMember" xlink:href="bmo-20260430.xsd#bmo_OtherLiabilitiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherLiabilitiesMember" xlink:to="lab_bmo_OtherLiabilitiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherLiabilities_019ce237-ef22-72f6-9d3d-e6c2415fd610_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherLiabilities_019ce237-ef22-74f4-aadf-cb8926e6bccd_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label id="lab_ifrs-full_OtherLiabilities_label_en-US" xlink:label="lab_ifrs-full_OtherLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherLiabilities" xlink:to="lab_ifrs-full_OtherLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PensionDefinedBenefitPlansMember_019ce237-ef22-7a7a-8eaa-851784c84296_terseLabel_en-US" xlink:label="lab_ifrs-full_PensionDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pension defined benefit plans</link:label>
    <link:label id="lab_ifrs-full_PensionDefinedBenefitPlansMember_label_en-US" xlink:label="lab_ifrs-full_PensionDefinedBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension defined benefit plans [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PensionDefinedBenefitPlansMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PensionDefinedBenefitPlansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PensionDefinedBenefitPlansMember" xlink:to="lab_ifrs-full_PensionDefinedBenefitPlansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToCustomers_019ce237-ef22-7c8c-9014-453ca6c0bcfd_terseLabel_en-US" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans</link:label>
    <link:label id="lab_ifrs-full_LoansAndAdvancesToCustomers_label_en-US" xlink:label="lab_ifrs-full_LoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and advances to customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LoansAndAdvancesToCustomers" xlink:to="lab_ifrs-full_LoansAndAdvancesToCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceRevenue_019ce237-ef22-739b-ae5c-7db28fdca7b6_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance revenue</link:label>
    <link:label id="lab_ifrs-full_InsuranceRevenue_label_en-US" xlink:label="lab_ifrs-full_InsuranceRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceRevenue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceRevenue" xlink:to="lab_ifrs-full_InsuranceRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings_019ce237-ef22-79a9-9568-ecf911266698_negatedLabel_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends on preferred shares and distributions payable on other equity instruments</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings_label_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease Through Dividends And Distributions On Other Equity In Retained Earnings</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings_documentation_en-US" xlink:label="lab_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase decrease through dividends and distributions on other equity in retained earnings.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings" xlink:href="bmo-20260430.xsd#bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings" xlink:to="lab_bmo_IncreaseDecreaseThroughDividendsAndDistributionsOnOtherEquityInRetainedEarnings" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities_019ce237-ef22-7d33-86a8-e33d2d6f6301_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends received in the period</link:label>
    <link:label id="lab_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends received, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsReceivedClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_019ce237-ee59-7d02-a8aa-7f61fedd255b_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on derivatives designated as cash flow hedges arising during the period</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on cash flow hedges, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:to="lab_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_HighProbabilityOfDefaultMember_019ce237-ef22-7c76-b3dd-d0c206845f29_terseLabel_en-US" xlink:label="lab_bmo_HighProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">High</link:label>
    <link:label id="lab_bmo_HighProbabilityOfDefaultMember_label_en-US" xlink:label="lab_bmo_HighProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">High probability of default [member]</link:label>
    <link:label id="lab_bmo_HighProbabilityOfDefaultMember_documentation_en-US" xlink:label="lab_bmo_HighProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">High probability of default.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_HighProbabilityOfDefaultMember" xlink:href="bmo-20260430.xsd#bmo_HighProbabilityOfDefaultMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_HighProbabilityOfDefaultMember" xlink:to="lab_bmo_HighProbabilityOfDefaultMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses_019ce237-ef22-7af2-9375-cd93a68ae959_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net expenses from reinsurance contracts</link:label>
    <link:label id="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses_label_en-US" xlink:label="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income (expenses) from reinsurance contracts held, other than finance income (expenses)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:to="lab_ifrs-full_IncomeExpensesFromReinsuranceContractsHeldOtherThanFinanceIncomeExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsPastDueButNotImpairedMember_019ce237-ef22-73ae-af74-8fcbe5866cff_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets past due but not impaired</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsPastDueButNotImpairedMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets past due but not impaired [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsPastDueButNotImpairedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:to="lab_ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_019ce237-ef22-7968-a646-7947cace6de5_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net of income tax (provision) recovery, net unrealized gains (losses) on fair value through OCI equity securities</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to remeasurements of defined benefit plans included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_019ce237-efb6-7c34-b73b-fbd4c1604310_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis_019ce237-ef22-73fe-bd22-969a92722f37_terseLabel_en-US" xlink:label="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of insurance contracts [axis]</link:label>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis_label_en-US" xlink:label="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of insurance contracts [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisaggregationOfInsuranceContractsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:to="lab_ifrs-full_DisaggregationOfInsuranceContractsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InitiallyAppliedIFRSsAxis_019ce237-ee59-7ea2-b919-930f14f54650_terseLabel_en-US" xlink:label="lab_ifrs-full_InitiallyAppliedIFRSsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans: Business and government</link:label>
    <link:label id="lab_ifrs-full_InitiallyAppliedIFRSsAxis_label_en-US" xlink:label="lab_ifrs-full_InitiallyAppliedIFRSsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Initially applied IFRSs [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InitiallyAppliedIFRSsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InitiallyAppliedIFRSsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InitiallyAppliedIFRSsAxis" xlink:to="lab_ifrs-full_InitiallyAppliedIFRSsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019ce237-efb6-7044-aab7-e2638a447126_terseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative instruments</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_019ce237-efb6-772c-8f59-efe258958830_verboseLabel_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative Liabilities</link:label>
    <link:label id="lab_ifrs-full_DerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_DerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansAxis_019ce237-ef22-73f4-9d28-01a2f7158aa4_terseLabel_en-US" xlink:label="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Characteristics of defined benefit plans [axis]</link:label>
    <link:label id="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansAxis_label_en-US" xlink:label="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Characteristics of defined benefit plans [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CharacteristicsOfDefinedBenefitPlansAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CharacteristicsOfDefinedBenefitPlansAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CharacteristicsOfDefinedBenefitPlansAxis" xlink:to="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems_019ce237-efb6-7df3-bba9-91e842c20008_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk exposure [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of credit risk exposure [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:to="lab_ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfessionalFeesExpense_019ce237-ee59-719d-87d0-61c07a407d9c_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfessionalFeesExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Professional fees</link:label>
    <link:label id="lab_ifrs-full_ProfessionalFeesExpense_label_en-US" xlink:label="lab_ifrs-full_ProfessionalFeesExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Professional fees expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfessionalFeesExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfessionalFeesExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfessionalFeesExpense" xlink:to="lab_ifrs-full_ProfessionalFeesExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_019ce237-efb6-738f-b9ae-975978f2bfd8_verboseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">3 to 6 months</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three months and not later than six months [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:to="lab_ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CanadianProvincialAndMunicipalGovernmentsMember_019ce237-ef22-73d8-b0e7-ff5da7e377b0_terseLabel_en-US" xlink:label="lab_bmo_CanadianProvincialAndMunicipalGovernmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Canadian provincial and municipal governments</link:label>
    <link:label id="lab_bmo_CanadianProvincialAndMunicipalGovernmentsMember_label_en-US" xlink:label="lab_bmo_CanadianProvincialAndMunicipalGovernmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Canadian Provincial And Municipal Governments [member]</link:label>
    <link:label id="lab_bmo_CanadianProvincialAndMunicipalGovernmentsMember_documentation_en-US" xlink:label="lab_bmo_CanadianProvincialAndMunicipalGovernmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Canadian provincial and municipal governments.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CanadianProvincialAndMunicipalGovernmentsMember" xlink:href="bmo-20260430.xsd#bmo_CanadianProvincialAndMunicipalGovernmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CanadianProvincialAndMunicipalGovernmentsMember" xlink:to="lab_bmo_CanadianProvincialAndMunicipalGovernmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_019ce237-ef22-7bf6-addb-1913395f1cad_terseLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends per common share</link:label>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_019ce237-ef22-7108-8008-7a19dc3a5bfe_netLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US">Common shares</link:label>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_019ce237-ef22-7691-95f3-5b83a5c91e3f_verboseLabel_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Common Shares</link:label>
    <link:label id="lab_ifrs-full_OrdinarySharesMember_label_en-US" xlink:label="lab_ifrs-full_OrdinarySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ordinary shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OrdinarySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OrdinarySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OrdinarySharesMember" xlink:to="lab_ifrs-full_OrdinarySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DomesticStabilityBufferPercentage_019ce237-efb6-745b-8833-e5254463489c_terseLabel_en-US" xlink:label="lab_bmo_DomesticStabilityBufferPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Domestic stability buffer, percentage</link:label>
    <link:label id="lab_bmo_DomesticStabilityBufferPercentage_label_en-US" xlink:label="lab_bmo_DomesticStabilityBufferPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Domestic stability buffer, percentage</link:label>
    <link:label id="lab_bmo_DomesticStabilityBufferPercentage_documentation_en-US" xlink:label="lab_bmo_DomesticStabilityBufferPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Domestic stability buffer, percentage.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DomesticStabilityBufferPercentage" xlink:href="bmo-20260430.xsd#bmo_DomesticStabilityBufferPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DomesticStabilityBufferPercentage" xlink:to="lab_bmo_DomesticStabilityBufferPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_019ce237-ef22-78a0-97a4-4487626d7b52_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock options potentially exercisable (in shares)</link:label>
    <link:label id="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dilutive effect of share options on weighted average number of ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="lab_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare_019ce237-ee59-7216-a869-cb18f25bc0a6_negatedTerseLabel_en-US" xlink:label="lab_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Common shares potentially repurchased (in shares)</link:label>
    <link:label id="lab_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare_label_en-US" xlink:label="lab_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Anti dilutive effect of ordinary common shares potentially repurchased on earning per share</link:label>
    <link:label id="lab_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare_documentation_en-US" xlink:label="lab_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Anti-dilutive effect of common shares potentially repurchased on diluted earnings per share calculation.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare" xlink:href="bmo-20260430.xsd#bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare" xlink:to="lab_bmo_AntiDilutiveEffectOfOrdinaryCommonSharesPotentiallyRepurchasedOnEarningPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract_019ce237-ee59-7e8f-8f9f-94d16a4dc524_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Deposits and Subordinated Debt [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract_label_en-US" xlink:label="lab_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Deposits and Subordinated Debt [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Deposits and Subordinated Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract" xlink:to="lab_bmo_DisclosureOfDepositsAndSubordinatedDebtAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LiabilitiesMeasurementAxis_019ce237-ef22-77ff-b6a6-25df3c8ff9f7_terseLabel_en-US" xlink:label="lab_bmo_LiabilitiesMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities Measurement [Axis]</link:label>
    <link:label id="lab_bmo_LiabilitiesMeasurementAxis_label_en-US" xlink:label="lab_bmo_LiabilitiesMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities Measurement [Axis]</link:label>
    <link:label id="lab_bmo_LiabilitiesMeasurementAxis_documentation_en-US" xlink:label="lab_bmo_LiabilitiesMeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Liabilities Measurement [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LiabilitiesMeasurementAxis" xlink:href="bmo-20260430.xsd#bmo_LiabilitiesMeasurementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LiabilitiesMeasurementAxis" xlink:to="lab_bmo_LiabilitiesMeasurementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsPerShareAbstract_019ce237-ef22-7135-a077-84a8b9f5f31b_terseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic Earnings Per Common Share</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsPerShareAbstract_label_en-US" xlink:label="lab_ifrs-full_BasicEarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsPerShareAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BasicEarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsPerShareAbstract" xlink:to="lab_ifrs-full_BasicEarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_019ce237-ee59-762a-aae2-1d65b98aa7f0_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings Per Share</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of earnings per share [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_019ce237-ee59-7ac1-bff1-cda0ec07083c_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Attributable to:</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToAbstract_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToAbstract" xlink:to="lab_ifrs-full_ProfitLossAttributableToAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_019ce237-ee59-7feb-babe-0d9a272af697_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross carrying amount</link:label>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossCarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossCarryingAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GrossCarryingAmountMember" xlink:to="lab_ifrs-full_GrossCarryingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_019ce237-ee59-7aef-bd9b-0a9fc653705f_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities and Equity</link:label>
    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="lab_ifrs-full_EquityAndLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDepositLiabilitiesTableTextBlock_019ce237-ee59-7aec-853c-04cc0500dc79_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDepositLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Deposits</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfDepositLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposit Liabilities [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDepositLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of deposit liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDepositLiabilitiesTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDepositLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDepositLiabilitiesTableTextBlock" xlink:to="lab_bmo_DisclosureOfDepositLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DepositAndPaymentServiceChargesRevenue_019ce237-ef21-715a-8715-03e1ad606484_terseLabel_en-US" xlink:label="lab_bmo_DepositAndPaymentServiceChargesRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposit and payment service charges</link:label>
    <link:label id="lab_bmo_DepositAndPaymentServiceChargesRevenue_label_en-US" xlink:label="lab_bmo_DepositAndPaymentServiceChargesRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposit and payment service charges revenue</link:label>
    <link:label id="lab_bmo_DepositAndPaymentServiceChargesRevenue_documentation_en-US" xlink:label="lab_bmo_DepositAndPaymentServiceChargesRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deposit and payment service charges revenue.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DepositAndPaymentServiceChargesRevenue" xlink:href="bmo-20260430.xsd#bmo_DepositAndPaymentServiceChargesRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DepositAndPaymentServiceChargesRevenue" xlink:to="lab_bmo_DepositAndPaymentServiceChargesRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalAmount_019ce237-ef22-7a54-8442-b60c8c970003_verboseLabel_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalAmount" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">CET1 Capital</link:label>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalAmount_label_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common equity tier one capital amount</link:label>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalAmount_documentation_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Common equity tier one capital amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CommonEquityTierOneCapitalAmount" xlink:href="bmo-20260430.xsd#bmo_CommonEquityTierOneCapitalAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CommonEquityTierOneCapitalAmount" xlink:to="lab_bmo_CommonEquityTierOneCapitalAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestRevenueExpense_019ce237-ee59-7ca6-8ca4-5b7fb4e4d5bd_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net interest income</link:label>
    <link:label id="lab_ifrs-full_InterestRevenueExpense_label_en-US" xlink:label="lab_ifrs-full_InterestRevenueExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income (expense)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestRevenueExpense" xlink:to="lab_ifrs-full_InterestRevenueExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BankAcceptanceAssets_019ce237-ef22-73a4-b145-e1c8e72d6a7f_verboseLabel_en-US" xlink:label="lab_ifrs-full_BankAcceptanceAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Customers&#8217; liability under acceptances</link:label>
    <link:label id="lab_ifrs-full_BankAcceptanceAssets_label_en-US" xlink:label="lab_ifrs-full_BankAcceptanceAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank acceptance assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BankAcceptanceAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BankAcceptanceAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BankAcceptanceAssets" xlink:to="lab_ifrs-full_BankAcceptanceAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_019ce237-ef22-7d9b-be07-e257a47d97f2_terseLabel_en-US" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities Borrowed or Purchased Under Resale Agreements</link:label>
    <link:label id="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_label_en-US" xlink:label="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reverse repurchase agreements and cash collateral on securities borrowed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="lab_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_019ce237-ef22-74ea-a51b-c2d2f19bb281_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unrealized (losses) on translation of net foreign operations</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_019ce237-ef22-7fc5-8707-135b12e593d8_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized (losses) on translation of net foreign operations</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on exchange differences on translation of foreign operations, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="lab_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceAccountForCreditLossesOffBalanceSheet_019ce237-ef22-704f-a87b-fb6cac450bbf_terseLabel_en-US" xlink:label="lab_bmo_AllowanceAccountForCreditLossesOffBalanceSheet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowances for credit losses off balance sheet</link:label>
    <link:label id="lab_bmo_AllowanceAccountForCreditLossesOffBalanceSheet_label_en-US" xlink:label="lab_bmo_AllowanceAccountForCreditLossesOffBalanceSheet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance Account For Credit Losses Off Balance Sheet</link:label>
    <link:label id="lab_bmo_AllowanceAccountForCreditLossesOffBalanceSheet_documentation_en-US" xlink:label="lab_bmo_AllowanceAccountForCreditLossesOffBalanceSheet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of an allowance account used to record impairments to off balance sheet due to credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceAccountForCreditLossesOffBalanceSheet" xlink:href="bmo-20260430.xsd#bmo_AllowanceAccountForCreditLossesOffBalanceSheet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceAccountForCreditLossesOffBalanceSheet" xlink:to="lab_bmo_AllowanceAccountForCreditLossesOffBalanceSheet" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets_019ce237-ee59-7682-a6b1-99add4801ced_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value included in other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:to="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_019ce237-ef21-7999-bbc7-d6635c1008a4_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1 year</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotLaterThanOneYearMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneYearMember" xlink:to="lab_ifrs-full_NotLaterThanOneYearMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdvertisingAndBusinessDevelopment_019ce237-ef21-71c0-95a1-8d91849eba6a_verboseLabel_en-US" xlink:label="lab_bmo_AdvertisingAndBusinessDevelopment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Advertising and business development</link:label>
    <link:label id="lab_bmo_AdvertisingAndBusinessDevelopment_label_en-US" xlink:label="lab_bmo_AdvertisingAndBusinessDevelopment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advertising And Business Development</link:label>
    <link:label id="lab_bmo_AdvertisingAndBusinessDevelopment_documentation_en-US" xlink:label="lab_bmo_AdvertisingAndBusinessDevelopment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advertising and business development.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdvertisingAndBusinessDevelopment" xlink:href="bmo-20260430.xsd#bmo_AdvertisingAndBusinessDevelopment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdvertisingAndBusinessDevelopment" xlink:to="lab_bmo_AdvertisingAndBusinessDevelopment" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod_019ce237-ef21-709b-bf39-f7d178360746_terseLabel_en-US" xlink:label="lab_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Post-closing period for certain assets under management</link:label>
    <link:label id="lab_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod_label_en-US" xlink:label="lab_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Acquisition, Maximum Amount Of Payment For Contingent Consideration, Period</link:label>
    <link:label id="lab_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod_documentation_en-US" xlink:label="lab_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Acquisition, Maximum Amount Of Payment For Contingent Consideration, Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod" xlink:href="bmo-20260430.xsd#bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod" xlink:to="lab_bmo_BusinessAcquisitionMaximumAmountOfPaymentForContingentConsiderationPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock_019ce237-ef22-7738-b613-90b6aaa68477_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits and Subordinated Debt</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposits And Subordinated Liabilities Explanatory [Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of deposits and subordinated liabilities explanatory.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock" xlink:to="lab_bmo_DisclosureOfDepositsAndSubordinatedLiabilitiesExplanatoryTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_019ce237-ef21-7cd4-87ae-b24d8be872ce_negatedLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net interest (income) expense</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_019ce237-ef21-74cc-aba9-89a2aa0b2a14_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net interest (income) expense</link:label>
    <link:label id="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="lab_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities_019ce237-ef22-7e3c-9376-6b637ad1ac72_negatedLabel_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Transfers out of Level 3</link:label>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities_label_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers out of Level 3 of fair value hierarchy, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities" xlink:to="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonInterestExpense1Abstract_019ce237-ee59-7f08-8ddb-e063b66cca55_terseLabel_en-US" xlink:label="lab_bmo_NonInterestExpense1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Interest Expense</link:label>
    <link:label id="lab_bmo_NonInterestExpense1Abstract_label_en-US" xlink:label="lab_bmo_NonInterestExpense1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non interest expense 1 [abstract]</link:label>
    <link:label id="lab_bmo_NonInterestExpense1Abstract_documentation_en-US" xlink:label="lab_bmo_NonInterestExpense1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non interest expense 1.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonInterestExpense1Abstract" xlink:href="bmo-20260430.xsd#bmo_NonInterestExpense1Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonInterestExpense1Abstract" xlink:to="lab_bmo_NonInterestExpense1Abstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncome_019ce237-ef22-7001-b23f-1c03d559ff68_terseLabel_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities commissions and fees</link:label>
    <link:label id="lab_ifrs-full_FeeAndCommissionIncome_label_en-US" xlink:label="lab_ifrs-full_FeeAndCommissionIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fee and commission income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FeeAndCommissionIncome" xlink:to="lab_ifrs-full_FeeAndCommissionIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_019ce237-efb6-70aa-ac73-51150b43a2d8_terseLabel_en-US" xlink:label="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer relationship intangible assets</link:label>
    <link:label id="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Identifiable intangible assets recognised as of acquisition date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_019ce237-ef22-70fa-9541-4d55562520a7_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value through profit or loss, category</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities at fair value through profit or loss, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashTransferred_019ce237-efb6-7330-8e4e-a9863c7a1617_terseLabel_en-US" xlink:label="lab_ifrs-full_CashTransferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash transferred</link:label>
    <link:label id="lab_ifrs-full_CashTransferred_label_en-US" xlink:label="lab_ifrs-full_CashTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash transferred</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashTransferred" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashTransferred"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashTransferred" xlink:to="lab_ifrs-full_CashTransferred" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AtCarryingValueMember_019ce237-ef22-7f1e-8a97-71f3a150eb6f_terseLabel_en-US" xlink:label="lab_bmo_AtCarryingValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying value</link:label>
    <link:label id="lab_bmo_AtCarryingValueMember_label_en-US" xlink:label="lab_bmo_AtCarryingValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At Carrying Value [Member]</link:label>
    <link:label id="lab_bmo_AtCarryingValueMember_documentation_en-US" xlink:label="lab_bmo_AtCarryingValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">At carrying value.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AtCarryingValueMember" xlink:href="bmo-20260430.xsd#bmo_AtCarryingValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AtCarryingValueMember" xlink:to="lab_bmo_AtCarryingValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ScenarioWeighting_019ce237-ee59-7671-8fcf-9ddbf73f390a_verboseLabel_en-US" xlink:label="lab_bmo_ScenarioWeighting" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Scenario weight</link:label>
    <link:label id="lab_bmo_ScenarioWeighting_label_en-US" xlink:label="lab_bmo_ScenarioWeighting" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario Weighting</link:label>
    <link:label id="lab_bmo_ScenarioWeighting_documentation_en-US" xlink:label="lab_bmo_ScenarioWeighting" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Scenario Weighting</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ScenarioWeighting" xlink:href="bmo-20260430.xsd#bmo_ScenarioWeighting"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ScenarioWeighting" xlink:to="lab_bmo_ScenarioWeighting" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_019ce237-ef22-7a22-90af-f31049902da1_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis_019ce237-efb6-7d8d-9b2c-cdcea46a6b2e_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts by remaining coverage and incurred claims [axis]</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts by remaining coverage and incurred claims [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:to="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_019ce237-ef22-780d-8d94-067e956b9255_terseLabel_en-US" xlink:label="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchase price</link:label>
    <link:label id="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_label_en-US" xlink:label="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consideration transferred, acquisition-date fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="lab_ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SevereDownsideScenarioMember_019ce237-ef22-7f6f-bca0-fdbaf566ea1c_terseLabel_en-US" xlink:label="lab_bmo_SevereDownsideScenarioMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Severe downside</link:label>
    <link:label id="lab_bmo_SevereDownsideScenarioMember_label_en-US" xlink:label="lab_bmo_SevereDownsideScenarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Severe Downside Scenario [Member]</link:label>
    <link:label id="lab_bmo_SevereDownsideScenarioMember_documentation_en-US" xlink:label="lab_bmo_SevereDownsideScenarioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Severe downside scenario.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SevereDownsideScenarioMember" xlink:href="bmo-20260430.xsd#bmo_SevereDownsideScenarioMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SevereDownsideScenarioMember" xlink:to="lab_bmo_SevereDownsideScenarioMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_019ce237-ef21-7e40-9215-ef325d36181c_negatedLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of lease liabilities</link:label>
    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of lease liabilities, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SecuritizationAndStructuredEntitiesLiabilities_019ce237-ef22-7d9d-a691-d6757cbd8e71_terseLabel_en-US" xlink:label="lab_bmo_SecuritizationAndStructuredEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitization and structured entities&#8217; liabilities</link:label>
    <link:label id="lab_bmo_SecuritizationAndStructuredEntitiesLiabilities_label_en-US" xlink:label="lab_bmo_SecuritizationAndStructuredEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securitization and structured entities' liabilities</link:label>
    <link:label id="lab_bmo_SecuritizationAndStructuredEntitiesLiabilities_documentation_en-US" xlink:label="lab_bmo_SecuritizationAndStructuredEntitiesLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of liabilities associated with securitization programs and structured entities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritizationAndStructuredEntitiesLiabilities" xlink:href="bmo-20260430.xsd#bmo_SecuritizationAndStructuredEntitiesLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SecuritizationAndStructuredEntitiesLiabilities" xlink:to="lab_bmo_SecuritizationAndStructuredEntitiesLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_MediumProbabilityOfDefaultMember_019ce237-ef22-7275-a137-2dded4b4109f_terseLabel_en-US" xlink:label="lab_bmo_MediumProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Medium</link:label>
    <link:label id="lab_bmo_MediumProbabilityOfDefaultMember_label_en-US" xlink:label="lab_bmo_MediumProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Medium probability of default [member]</link:label>
    <link:label id="lab_bmo_MediumProbabilityOfDefaultMember_documentation_en-US" xlink:label="lab_bmo_MediumProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Medium probability of default.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_MediumProbabilityOfDefaultMember" xlink:href="bmo-20260430.xsd#bmo_MediumProbabilityOfDefaultMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_MediumProbabilityOfDefaultMember" xlink:to="lab_bmo_MediumProbabilityOfDefaultMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_019ce237-ef22-780f-9b13-05b3eae2ea8a_negatedLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Share of (profit) loss in associates and joint ventures</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for undistributed profits of investments accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdditionalPaidinCapital_019ce237-ef22-7e59-ad6e-1d04f9dcb034_terseLabel_en-US" xlink:label="lab_ifrs-full_AdditionalPaidinCapital" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributed surplus</link:label>
    <link:label id="lab_ifrs-full_AdditionalPaidinCapital_label_en-US" xlink:label="lab_ifrs-full_AdditionalPaidinCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional paid-in capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdditionalPaidinCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdditionalPaidinCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdditionalPaidinCapital" xlink:to="lab_ifrs-full_AdditionalPaidinCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_019e1a30-0c0b-7335-aa23-c45ee3350606_terseLabel_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity interest ownership percent</link:label>
    <link:label id="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary_label_en-US" xlink:label="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="lab_ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CompoundInstrumentInterestRate_019ce237-efb6-7089-8078-e229709651af_terseLabel_en-US" xlink:label="lab_bmo_CompoundInstrumentInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Compound instrument interest rate</link:label>
    <link:label id="lab_bmo_CompoundInstrumentInterestRate_label_en-US" xlink:label="lab_bmo_CompoundInstrumentInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Compound Instrument Interest Rate</link:label>
    <link:label id="lab_bmo_CompoundInstrumentInterestRate_documentation_en-US" xlink:label="lab_bmo_CompoundInstrumentInterestRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Compound Instrument Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CompoundInstrumentInterestRate" xlink:href="bmo-20260430.xsd#bmo_CompoundInstrumentInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CompoundInstrumentInterestRate" xlink:to="lab_bmo_CompoundInstrumentInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations_019ce237-ee59-7e6c-b5d1-febad6d5d5e2_terseLabel_en-US" xlink:label="lab_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest of trade securities in collateralized mortgage obligations</link:label>
    <link:label id="lab_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations_label_en-US" xlink:label="lab_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Of Trade Securities In Collateralized Mortgage Obligations</link:label>
    <link:label id="lab_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations_documentation_en-US" xlink:label="lab_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest of trade securities in collateralized mortgage obligations.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations" xlink:href="bmo-20260430.xsd#bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations" xlink:to="lab_bmo_InterestOfTradeSecuritiesInCollateralizedMortgageObligations" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_019ce237-ef21-7f33-8902-0e496ac5fc7b_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ResidentialMortgageLoans_019ce237-ef22-70c1-b4d0-029186282894_terseLabel_en-US" xlink:label="lab_bmo_ResidentialMortgageLoans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residential mortgages</link:label>
    <link:label id="lab_bmo_ResidentialMortgageLoans_label_en-US" xlink:label="lab_bmo_ResidentialMortgageLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Residential Mortgage Loans</link:label>
    <link:label id="lab_bmo_ResidentialMortgageLoans_documentation_en-US" xlink:label="lab_bmo_ResidentialMortgageLoans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Residential mortgage loans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ResidentialMortgageLoans" xlink:href="bmo-20260430.xsd#bmo_ResidentialMortgageLoans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ResidentialMortgageLoans" xlink:to="lab_bmo_ResidentialMortgageLoans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_019ce237-efb6-75f9-9c04-fccc2fbf1d3e_terseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Basic (in canadian dollars per share)</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_019ce237-efb6-7716-8cac-bdda396a9f64_verboseLabel_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Basic earnings per common share (in canadian dollars per share)</link:label>
    <link:label id="lab_ifrs-full_BasicEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_BasicEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Basic earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BasicEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BasicEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BasicEarningsLossPerShare" xlink:to="lab_ifrs-full_BasicEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_019ce237-ef22-7b3c-94dc-61a96f4e36b0_negatedLabel_en-US" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net purchases of premises and equipment and software</link:label>
    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_label_en-US" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchase of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MeasurementAxis_019ce237-efb6-7334-8e53-2a7670342e36_terseLabel_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:label id="lab_ifrs-full_MeasurementAxis_label_en-US" xlink:label="lab_ifrs-full_MeasurementAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MeasurementAxis" xlink:to="lab_ifrs-full_MeasurementAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock_019ce237-ef22-71d0-b278-12bf273b4788_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Pension and Other Employee Future Benefit Expenses</link:label>
    <link:label id="lab_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of pension and other post employment benefit expense [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of pension and other post employment benefit expense.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock" xlink:to="lab_bmo_DisclosureOfPensionAndOtherPostEmploymentBenefitExpenseTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_019ce237-ef22-7d1d-827b-b0a037753897_negatedLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Cash dividends paid to non-controlling interest</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid to non-controlling interests, classified as financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_label_en-US" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfCashFlowsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfCashFlowsAbstract" xlink:to="lab_ifrs-full_StatementOfCashFlowsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember_019ce237-ef22-7df7-8484-c0463e10b45c_verboseLabel_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) on Own Credit Risk on Financial Liabilities Designated at Fair Value, net of taxes</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember_label_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) on Own Credit Risk on Financial Liabilities Designated at Fair Value, net of taxes [Member]</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember_documentation_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) on Own Credit Risk on Financial Liabilities Designated at Fair Value, net of taxes.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember" xlink:href="bmo-20260430.xsd#bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember" xlink:to="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnOwnCreditRiskOnFinancialLiabilitiesDesignatedAtFairValueNetOfTaxesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_019ce237-ef22-7984-a3b7-f271050318d1_totalLabel_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Weighted-average number of diluted common shares outstanding (in shares)</link:label>
    <link:label id="lab_ifrs-full_AdjustedWeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating diluted earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustedWeightedAverageShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustedWeightedAverageShares" xlink:to="lab_ifrs-full_AdjustedWeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_019ce237-ef21-778c-8aab-e593d9db03c2_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MortgagesMember_019ce237-ef22-7c52-983a-2bde9a1fc776_terseLabel_en-US" xlink:label="lab_ifrs-full_MortgagesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans: Residential mortgages</link:label>
    <link:label id="lab_ifrs-full_MortgagesMember_019ce237-ef22-7f9d-aaa5-2978d93ab00d_verboseLabel_en-US" xlink:label="lab_ifrs-full_MortgagesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Residential mortgages</link:label>
    <link:label id="lab_ifrs-full_MortgagesMember_label_en-US" xlink:label="lab_ifrs-full_MortgagesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mortgages [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MortgagesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MortgagesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MortgagesMember" xlink:to="lab_ifrs-full_MortgagesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AccumulatedOtherComprehensiveIncome_019ce237-efb6-7802-964f-3fbc6e934f6a_verboseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_AccumulatedOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:to="lab_ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InsuranceProductsMember_019ce237-ef22-7479-9000-3479c430df9c_terseLabel_en-US" xlink:label="lab_bmo_InsuranceProductsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance products</link:label>
    <link:label id="lab_bmo_InsuranceProductsMember_label_en-US" xlink:label="lab_bmo_InsuranceProductsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Products [Member]</link:label>
    <link:label id="lab_bmo_InsuranceProductsMember_documentation_en-US" xlink:label="lab_bmo_InsuranceProductsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance Products [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InsuranceProductsMember" xlink:href="bmo-20260430.xsd#bmo_InsuranceProductsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InsuranceProductsMember" xlink:to="lab_bmo_InsuranceProductsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_019ce237-ee59-7684-ad31-7c4d37ecff66_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayment of subordinated debt (Note 4)</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_019ce237-ee59-748f-81f5-84c83d84026b_terseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayments of subordinated liabilities</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepaymentsOfSubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:to="lab_ifrs-full_RepaymentsOfSubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_FairValueThroughProfitOrLossLoansMember_019ce237-ef21-7add-9fee-693ea1dcf477_terseLabel_en-US" xlink:label="lab_bmo_FairValueThroughProfitOrLossLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FVTPL loans</link:label>
    <link:label id="lab_bmo_FairValueThroughProfitOrLossLoansMember_label_en-US" xlink:label="lab_bmo_FairValueThroughProfitOrLossLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Through Profit Or Loss Loans [Member]</link:label>
    <link:label id="lab_bmo_FairValueThroughProfitOrLossLoansMember_documentation_en-US" xlink:label="lab_bmo_FairValueThroughProfitOrLossLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fair Value Through Profit Or Loss Loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_FairValueThroughProfitOrLossLoansMember" xlink:href="bmo-20260430.xsd#bmo_FairValueThroughProfitOrLossLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_FairValueThroughProfitOrLossLoansMember" xlink:to="lab_bmo_FairValueThroughProfitOrLossLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember_019ce237-efb6-7921-a7df-6784e9688cd1_terseLabel_en-US" xlink:label="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related to performing loans, assuming 100% base case scenario</link:label>
    <link:label id="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember_label_en-US" xlink:label="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related to performing loans, assuming hundred percent base case scenario [member]</link:label>
    <link:label id="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember_documentation_en-US" xlink:label="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to performing loans, assuming hundred percent base case scenario [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember" xlink:href="bmo-20260430.xsd#bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember" xlink:to="lab_bmo_RelatedToPerformingLoansAssumingHundredPercentBaseCaseScenarioMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SecuritizedLoansMember_019ce237-efb6-7b95-8d48-fe291d56de75_terseLabel_en-US" xlink:label="lab_bmo_SecuritizedLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securitized Loans</link:label>
    <link:label id="lab_bmo_SecuritizedLoansMember_label_en-US" xlink:label="lab_bmo_SecuritizedLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securitized Loans [Member]</link:label>
    <link:label id="lab_bmo_SecuritizedLoansMember_documentation_en-US" xlink:label="lab_bmo_SecuritizedLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securitized Loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritizedLoansMember" xlink:href="bmo-20260430.xsd#bmo_SecuritizedLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SecuritizedLoansMember" xlink:to="lab_bmo_SecuritizedLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract_019ce237-efb6-7d4b-a320-691a08d0d694_terseLabel_en-US" xlink:label="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Items that will subsequently be reclassified to net income</link:label>
    <link:label id="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract_label_en-US" xlink:label="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Available-for-sale financial assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AvailableforsaleFinancialAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:to="lab_ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities_019ce237-ee59-73bd-9c6a-9a437c94c462_negatedTerseLabel_en-US" xlink:label="lab_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Impairment on FVOCI and amortized cost securities</link:label>
    <link:label id="lab_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities_label_en-US" xlink:label="lab_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment Loss Recovery On Financial Assets At Fair Value Through Other Comprehensive Income And Amortized Cost Securities</link:label>
    <link:label id="lab_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities_documentation_en-US" xlink:label="lab_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Impairment loss recovery on financial assets at fair value through other comprehensive income and amortized cost securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities" xlink:href="bmo-20260430.xsd#bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities" xlink:to="lab_bmo_ImpairmentLossRecoveryOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncomeAndAmortizedCostSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AssociationClearingAndAnnualRegulatorFee_019ce237-ee59-777f-983d-6073dfe8e914_terseLabel_en-US" xlink:label="lab_bmo_AssociationClearingAndAnnualRegulatorFee" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Association, clearing and annual regulator fees</link:label>
    <link:label id="lab_bmo_AssociationClearingAndAnnualRegulatorFee_label_en-US" xlink:label="lab_bmo_AssociationClearingAndAnnualRegulatorFee" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Association Clearing And Annual Regulator Fee</link:label>
    <link:label id="lab_bmo_AssociationClearingAndAnnualRegulatorFee_documentation_en-US" xlink:label="lab_bmo_AssociationClearingAndAnnualRegulatorFee" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Association clearing and annual regulator fee.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AssociationClearingAndAnnualRegulatorFee" xlink:href="bmo-20260430.xsd#bmo_AssociationClearingAndAnnualRegulatorFee"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AssociationClearingAndAnnualRegulatorFee" xlink:to="lab_bmo_AssociationClearingAndAnnualRegulatorFee" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_Deposits1_019ce237-ef22-7747-8372-ff2f2b376b3f_terseLabel_en-US" xlink:label="lab_bmo_Deposits1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits (Note 4)</link:label>
    <link:label id="lab_bmo_Deposits1_019ce237-ef22-74d3-9a63-bfdaf25a2b9c_totalLabel_en-US" xlink:label="lab_bmo_Deposits1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_bmo_Deposits1_019ce237-ef22-746e-9256-01ed25fbb37d_verboseLabel_en-US" xlink:label="lab_bmo_Deposits1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_bmo_Deposits1_label_en-US" xlink:label="lab_bmo_Deposits1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits1</link:label>
    <link:label id="lab_bmo_Deposits1_documentation_en-US" xlink:label="lab_bmo_Deposits1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of deposit liabilities held by the entity.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_Deposits1" xlink:href="bmo-20260430.xsd#bmo_Deposits1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_Deposits1" xlink:to="lab_bmo_Deposits1" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LeverageRatioPercentage_019ce237-ef22-7f48-ac0c-5c1c345d28d4_terseLabel_en-US" xlink:label="lab_bmo_LeverageRatioPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Leverage Ratio</link:label>
    <link:label id="lab_bmo_LeverageRatioPercentage_label_en-US" xlink:label="lab_bmo_LeverageRatioPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leverage ratio percentage</link:label>
    <link:label id="lab_bmo_LeverageRatioPercentage_documentation_en-US" xlink:label="lab_bmo_LeverageRatioPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tier 1 capital divided by the sum of on-balance sheet items and specified off-balance sheet items, net of specified adjustments.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LeverageRatioPercentage" xlink:href="bmo-20260430.xsd#bmo_LeverageRatioPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LeverageRatioPercentage" xlink:to="lab_bmo_LeverageRatioPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ProvisionForCreditLosses_019ce237-ef22-7f8a-b85c-550172e69ca1_terseLabel_en-US" xlink:label="lab_bmo_ProvisionForCreditLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total PCL</link:label>
    <link:label id="lab_bmo_ProvisionForCreditLosses_019ce237-ef22-7789-8b84-0549a75e9c2b_negatedLabel_en-US" xlink:label="lab_bmo_ProvisionForCreditLosses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Provision for credit losses</link:label>
    <link:label id="lab_bmo_ProvisionForCreditLosses_label_en-US" xlink:label="lab_bmo_ProvisionForCreditLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Provision for Credit Losses</link:label>
    <link:label id="lab_bmo_ProvisionForCreditLosses_documentation_en-US" xlink:label="lab_bmo_ProvisionForCreditLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Provision for credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ProvisionForCreditLosses" xlink:href="bmo-20260430.xsd#bmo_ProvisionForCreditLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ProvisionForCreditLosses" xlink:to="lab_bmo_ProvisionForCreditLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable_019ce237-ef22-735b-87dd-3333738c49b9_terseLabel_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure In Tabular Form Of Interest And Dividend Income On Securities And Gains On Securities In Respect Of Insurance Business [Table]</link:label>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable_label_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure In Tabular Form Of Interest And Dividend Income On Securities And Gains On Securities In Respect Of Insurance Business [Table]</link:label>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable_documentation_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure In Tabular Form Of Interest And Dividend Income On Securities And Gains On Securities In Respect Of Insurance Business [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable" xlink:href="bmo-20260430.xsd#bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable" xlink:to="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherGovernmentsMember_019ce237-efb6-7d7c-a08f-c65d9e86dc60_terseLabel_en-US" xlink:label="lab_bmo_OtherGovernmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other governments</link:label>
    <link:label id="lab_bmo_OtherGovernmentsMember_label_en-US" xlink:label="lab_bmo_OtherGovernmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Governments [Member]</link:label>
    <link:label id="lab_bmo_OtherGovernmentsMember_documentation_en-US" xlink:label="lab_bmo_OtherGovernmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other governments member.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherGovernmentsMember" xlink:href="bmo-20260430.xsd#bmo_OtherGovernmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherGovernmentsMember" xlink:to="lab_bmo_OtherGovernmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreLiabilities_019ce237-ef22-7ede-85c0-93b84c9855ec_verboseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Insurance-related liabilities (Note 5)</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsThatAreLiabilities_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts that are liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsThatAreLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:to="lab_ifrs-full_InsuranceContractsThatAreLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ImpairedLoansMember_019ce237-ef22-765e-a55c-fa077b40c2d5_verboseLabel_en-US" xlink:label="lab_bmo_ImpairedLoansMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for credit losses on impaired loans</link:label>
    <link:label id="lab_bmo_ImpairedLoansMember_label_en-US" xlink:label="lab_bmo_ImpairedLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impaired loans [Member]</link:label>
    <link:label id="lab_bmo_ImpairedLoansMember_documentation_en-US" xlink:label="lab_bmo_ImpairedLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Impaired loans member.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ImpairedLoansMember" xlink:href="bmo-20260430.xsd#bmo_ImpairedLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ImpairedLoansMember" xlink:to="lab_bmo_ImpairedLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoansPastDueButNotImpaired_019ce237-ef22-70ea-92fa-408652d9d7ed_terseLabel_en-US" xlink:label="lab_bmo_LoansPastDueButNotImpaired" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total loans</link:label>
    <link:label id="lab_bmo_LoansPastDueButNotImpaired_label_en-US" xlink:label="lab_bmo_LoansPastDueButNotImpaired" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Past Due But Not Impaired</link:label>
    <link:label id="lab_bmo_LoansPastDueButNotImpaired_documentation_en-US" xlink:label="lab_bmo_LoansPastDueButNotImpaired" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Past Due But Not Impaired</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansPastDueButNotImpaired" xlink:href="bmo-20260430.xsd#bmo_LoansPastDueButNotImpaired"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoansPastDueButNotImpaired" xlink:to="lab_bmo_LoansPastDueButNotImpaired" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TradingSecuritiesMember_019ce237-ef22-7173-a2c0-f7cfb20ebb64_terseLabel_en-US" xlink:label="lab_ifrs-full_TradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Securities</link:label>
    <link:label id="lab_ifrs-full_TradingSecuritiesMember_label_en-US" xlink:label="lab_ifrs-full_TradingSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TradingSecuritiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradingSecuritiesMember" xlink:to="lab_ifrs-full_TradingSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary_019ce237-efb6-7087-b405-16a72145f950_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Issued for acquisition (Note 13)</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary_019ce237-efb6-7bfc-9dd2-2dc6b6b7eeb6_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Value of shares issued in an acquisition</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through acquisition of subsidiary, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughAcquisitionOfSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_019ce237-ee59-75c8-959b-ee97c7db85cc_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interest in subsidiaries</link:label>
    <link:label id="lab_ifrs-full_NoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_NoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncontrollingInterests" xlink:to="lab_ifrs-full_NoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DebtSecuritiesMember_019ce237-ef22-73ec-aed4-f26626465b2f_terseLabel_en-US" xlink:label="lab_ifrs-full_DebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt securities</link:label>
    <link:label id="lab_ifrs-full_DebtSecuritiesMember_label_en-US" xlink:label="lab_ifrs-full_DebtSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtSecuritiesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DebtSecuritiesMember" xlink:to="lab_ifrs-full_DebtSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement_019ce237-ee59-7a89-8016-ba20d3634afe_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in unrealized gains (losses) recorded in income for instruments still held</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss attributable to change in unrealised gains or losses for assets held at end of period, fair value measurement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_GovernmentPensionPlansExpense_019ce237-ef22-7221-81a6-b824d9d95cb0_terseLabel_en-US" xlink:label="lab_bmo_GovernmentPensionPlansExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Government pension plans expense</link:label>
    <link:label id="lab_bmo_GovernmentPensionPlansExpense_label_en-US" xlink:label="lab_bmo_GovernmentPensionPlansExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Government Pension Plans Expense</link:label>
    <link:label id="lab_bmo_GovernmentPensionPlansExpense_documentation_en-US" xlink:label="lab_bmo_GovernmentPensionPlansExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Government pension plans expense.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_GovernmentPensionPlansExpense" xlink:href="bmo-20260430.xsd#bmo_GovernmentPensionPlansExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_GovernmentPensionPlansExpense" xlink:to="lab_bmo_GovernmentPensionPlansExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansDomain_019ce237-ee59-717a-992c-e29667b1d049_terseLabel_en-US" xlink:label="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Characteristics of defined benefit plans [domain]</link:label>
    <link:label id="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansDomain_label_en-US" xlink:label="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Characteristics of defined benefit plans [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CharacteristicsOfDefinedBenefitPlansDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CharacteristicsOfDefinedBenefitPlansDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CharacteristicsOfDefinedBenefitPlansDomain" xlink:to="lab_ifrs-full_CharacteristicsOfDefinedBenefitPlansDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock_019ce237-ee59-7dcb-aa37-f947f2513080_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Interest, Dividend and Fee Income</link:label>
    <link:label id="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of interest, dividend and fee income [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of interest, dividend and fee income [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock" xlink:to="lab_bmo_DisclosureOfInterestDividendAndFeeIncomeTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_019ce237-ee59-7289-bd39-ca9d2913032e_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-controlling interest in subsidiaries</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_019ce237-ee59-7dd8-8e65-599024af61fe_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income attributable to non-controlling interest in subsidiaries</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_AllCurrenciesDomain_019ce237-ef21-74ca-8b13-b0203b2ac77a_terseLabel_en-US" xlink:label="lab_currency_AllCurrenciesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All Currencies [Domain]</link:label>
    <link:label id="lab_currency_AllCurrenciesDomain_label_en-US" xlink:label="lab_currency_AllCurrenciesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Currencies [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_AllCurrenciesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_AllCurrenciesDomain" xlink:to="lab_currency_AllCurrenciesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAbstract_019ce237-ef22-70c1-85eb-ec751961a5ca_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_EquityAbstract_label_en-US" xlink:label="lab_ifrs-full_EquityAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAbstract" xlink:to="lab_ifrs-full_EquityAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities_019ce237-ef22-7119-822d-9061ed35f2eb_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases/Issuances</link:label>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchases, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchasesFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_PurchasesFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ComponentOfLoanReceivableDomain_019ce237-ef22-71fe-8245-aa27541cab3d_terseLabel_en-US" xlink:label="lab_bmo_ComponentOfLoanReceivableDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Component Of Loan Receivable [Domain]</link:label>
    <link:label id="lab_bmo_ComponentOfLoanReceivableDomain_label_en-US" xlink:label="lab_bmo_ComponentOfLoanReceivableDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Component Of Loan Receivable [Domain]</link:label>
    <link:label id="lab_bmo_ComponentOfLoanReceivableDomain_documentation_en-US" xlink:label="lab_bmo_ComponentOfLoanReceivableDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Component Of Loan Receivable [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ComponentOfLoanReceivableDomain" xlink:href="bmo-20260430.xsd#bmo_ComponentOfLoanReceivableDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ComponentOfLoanReceivableDomain" xlink:to="lab_bmo_ComponentOfLoanReceivableDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationTable_019ce237-ef22-7f5e-b987-7b820cfdff95_terseLabel_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Schedule Of Securities By Classification [Table]</link:label>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationTable_label_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Of Securities By Classification [Table]</link:label>
    <link:label id="lab_bmo_ScheduleOfSecuritiesByClassificationTable_documentation_en-US" xlink:label="lab_bmo_ScheduleOfSecuritiesByClassificationTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Schedule Of Securities By Classification [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ScheduleOfSecuritiesByClassificationTable" xlink:href="bmo-20260430.xsd#bmo_ScheduleOfSecuritiesByClassificationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ScheduleOfSecuritiesByClassificationTable" xlink:to="lab_bmo_ScheduleOfSecuritiesByClassificationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_019ce237-ee59-7984-a85b-62905de3a69f_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LendingFeesRevenue_019ce237-ef22-78cb-aebc-bcb389871319_terseLabel_en-US" xlink:label="lab_bmo_LendingFeesRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Lending fees</link:label>
    <link:label id="lab_bmo_LendingFeesRevenue_label_en-US" xlink:label="lab_bmo_LendingFeesRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lending Fees Revenue</link:label>
    <link:label id="lab_bmo_LendingFeesRevenue_documentation_en-US" xlink:label="lab_bmo_LendingFeesRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Lending fees revenue.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LendingFeesRevenue" xlink:href="bmo-20260430.xsd#bmo_LendingFeesRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LendingFeesRevenue" xlink:to="lab_bmo_LendingFeesRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AmortisationExpense_019ce237-ef22-7002-97f4-1b55c2f01fd7_terseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:label id="lab_ifrs-full_AmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_AmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortisation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AmortisationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmortisationExpense" xlink:to="lab_ifrs-full_AmortisationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_019ce237-ee59-76b7-aa6a-c13decb8c677_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), net of taxes</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeAbstract_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing_019ce237-ee59-7c7d-b9f9-5f28653da40f_terseLabel_en-US" xlink:label="lab_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest bearing</link:label>
    <link:label id="lab_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing_label_en-US" xlink:label="lab_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances On Demand Deposits From Customers Interest Bearing</link:label>
    <link:label id="lab_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing_documentation_en-US" xlink:label="lab_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balances on demand deposits from customers, interest bearing.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing" xlink:href="bmo-20260430.xsd#bmo_BalancesOnDemandDepositsFromCustomersInterestBearing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing" xlink:to="lab_bmo_BalancesOnDemandDepositsFromCustomersInterestBearing" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_019ce237-ef22-7209-bc6a-c6fb2b08762a_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net of income tax (provision) recovery, gains (losses) on derivatives designated as cash flow hedges</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to cash flow hedges included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_country_CA_019ce237-ef22-78b3-a7a6-4bef5b50a008_terseLabel_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Canada</link:label>
    <link:label id="lab_country_CA_019ce237-ef22-7abf-8e2f-c13028f82a48_verboseLabel_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Canada</link:label>
    <link:label id="lab_country_CA_label_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CANADA</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CA"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CA" xlink:to="lab_country_CA" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CommonEquitySurchargePercentage_019ce237-efb6-7260-8b6d-ef40cf0c8c8a_terseLabel_en-US" xlink:label="lab_bmo_CommonEquitySurchargePercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common equity surcharge, percentage</link:label>
    <link:label id="lab_bmo_CommonEquitySurchargePercentage_label_en-US" xlink:label="lab_bmo_CommonEquitySurchargePercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common equity surcharge, percentage</link:label>
    <link:label id="lab_bmo_CommonEquitySurchargePercentage_documentation_en-US" xlink:label="lab_bmo_CommonEquitySurchargePercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Common equity surcharge, percentage.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CommonEquitySurchargePercentage" xlink:href="bmo-20260430.xsd#bmo_CommonEquitySurchargePercentage"/>
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    <link:label id="lab_ifrs-full_ClassesOfShareCapitalDomain_019ce237-ee59-7b62-a75d-7d09184b8d05_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of share capital [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfShareCapitalDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of share capital [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfShareCapitalDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfShareCapitalDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfShareCapitalDomain" xlink:to="lab_ifrs-full_ClassesOfShareCapitalDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContractualServiceMargin_019ce237-ef22-725c-8c34-f039fb01357d_terseLabel_en-US" xlink:label="lab_ifrs-full_ContractualServiceMargin" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contractual service margin</link:label>
    <link:label id="lab_ifrs-full_ContractualServiceMargin_label_en-US" xlink:label="lab_ifrs-full_ContractualServiceMargin" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contractual service margin</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContractualServiceMargin" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualServiceMargin"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContractualServiceMargin" xlink:to="lab_ifrs-full_ContractualServiceMargin" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates_019ce237-efb6-701e-bf23-b9f0220677db_terseLabel_en-US" xlink:label="lab_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">50 basis point increase</link:label>
    <link:label id="lab_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates_label_en-US" xlink:label="lab_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase In Profit Or Loss From Fifty Basis Point Increase In Interest Rates</link:label>
    <link:label id="lab_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates_documentation_en-US" xlink:label="lab_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase In Profit Or Loss From Fifty Basis Point Increase In Interest Rates</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates" xlink:href="bmo-20260430.xsd#bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates" xlink:to="lab_bmo_IncreaseInProfitOrLossFromFiftyBasisPointIncreaseInInterestRates" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019ce237-ef22-7ed0-b5c6-771149d5eccd_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net change in unrealized gains (losses) on fair value through OCI debt securities</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares_019ce237-ef22-78aa-afc1-ee0ac33e0e54_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net proceeds from issuance of common shares (Note 6)</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issue of ordinary shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfOrdinaryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:to="lab_ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_019ce237-ef22-7666-b83f-2f6bd72f6188_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FVOCI securities</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value through other comprehensive income, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_019ce237-ef22-7a59-ab70-0c740bdc8b74_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain_019ce237-ee59-7ee0-b2ef-87495992a6a0_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfEmployeeCompensationAbstract_019ce237-efb6-7911-84c7-6c89dc766221_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfEmployeeCompensationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Employee Compensation [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfEmployeeCompensationAbstract_label_en-US" xlink:label="lab_bmo_DisclosureOfEmployeeCompensationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Employee Compensation [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfEmployeeCompensationAbstract_documentation_en-US" xlink:label="lab_bmo_DisclosureOfEmployeeCompensationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Employee Compensation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfEmployeeCompensationAbstract" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfEmployeeCompensationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfEmployeeCompensationAbstract" xlink:to="lab_bmo_DisclosureOfEmployeeCompensationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_019ce237-efb6-74fb-9405-f618705ea6f1_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities borrowed or purchased under resale agreements</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in reverse repurchase agreements and cash collateral on securities borrowed</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis_019ce237-efb6-700e-9b5e-c9b4af7e0634_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings, adjustment to interest rate basis</link:label>
    <link:label id="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis_label_en-US" xlink:label="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, adjustment to interest rate basis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:to="lab_ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_019ce237-ef22-79de-bd18-c9ba6bdfa1dd_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net of income tax (provision) recovery, net gains (losses) on remeasurement of pension and other employee future benefit plans</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to investments in equity instruments included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonInterestIncome1_019ce237-ee59-7617-9a55-410d8ebdd82f_totalLabel_en-US" xlink:label="lab_bmo_NonInterestIncome1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Non-Interest Revenue</link:label>
    <link:label id="lab_bmo_NonInterestIncome1_label_en-US" xlink:label="lab_bmo_NonInterestIncome1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Interest Income1</link:label>
    <link:label id="lab_bmo_NonInterestIncome1_documentation_en-US" xlink:label="lab_bmo_NonInterestIncome1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non interest income.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonInterestIncome1" xlink:href="bmo-20260430.xsd#bmo_NonInterestIncome1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonInterestIncome1" xlink:to="lab_bmo_NonInterestIncome1" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StockOptionPlanMember_019ce237-ef22-7030-ae6a-cb0c8a602b26_terseLabel_en-US" xlink:label="lab_bmo_StockOptionPlanMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Option Plan</link:label>
    <link:label id="lab_bmo_StockOptionPlanMember_label_en-US" xlink:label="lab_bmo_StockOptionPlanMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stock Option Plan [member]</link:label>
    <link:label id="lab_bmo_StockOptionPlanMember_documentation_en-US" xlink:label="lab_bmo_StockOptionPlanMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stock Option Plan [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StockOptionPlanMember" xlink:href="bmo-20260430.xsd#bmo_StockOptionPlanMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StockOptionPlanMember" xlink:to="lab_bmo_StockOptionPlanMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceAccountForCreditLossesOfLoans_019ce237-ef22-74c5-965b-342797391611_negatedTerseLabel_en-US" xlink:label="lab_bmo_AllowanceAccountForCreditLossesOfLoans" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Allowance for credit losses (Note 3)</link:label>
    <link:label id="lab_bmo_AllowanceAccountForCreditLossesOfLoans_label_en-US" xlink:label="lab_bmo_AllowanceAccountForCreditLossesOfLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance Account For Credit Losses Of Loans</link:label>
    <link:label id="lab_bmo_AllowanceAccountForCreditLossesOfLoans_documentation_en-US" xlink:label="lab_bmo_AllowanceAccountForCreditLossesOfLoans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of an allowance account used to record impairments to loans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceAccountForCreditLossesOfLoans" xlink:href="bmo-20260430.xsd#bmo_AllowanceAccountForCreditLossesOfLoans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceAccountForCreditLossesOfLoans" xlink:to="lab_bmo_AllowanceAccountForCreditLossesOfLoans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_019ce237-efb6-7c3b-8035-5eecfd0b849a_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Acquisition (Note 13)</link:label>
    <link:label id="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities_019ce237-ee59-7493-80ec-24e955687476_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value included in other comprehensive income</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CommodityContractsMember_019ce237-ee59-7a3a-aaa9-92da45fc03cd_terseLabel_en-US" xlink:label="lab_bmo_CommodityContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commodity contracts</link:label>
    <link:label id="lab_bmo_CommodityContractsMember_label_en-US" xlink:label="lab_bmo_CommodityContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commodity Contracts [member]</link:label>
    <link:label id="lab_bmo_CommodityContractsMember_documentation_en-US" xlink:label="lab_bmo_CommodityContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Commodity contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CommodityContractsMember" xlink:href="bmo-20260430.xsd#bmo_CommodityContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CommodityContractsMember" xlink:to="lab_bmo_CommodityContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_019ce237-ef22-74b9-901d-b313e1f85da3_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities lent or sold under repurchase agreements</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase (decrease) in repurchase agreements and cash collateral on securities lent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInRepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NumberOfOperatingGroups_019ce237-ef22-7127-a761-a86807f97838_terseLabel_en-US" xlink:label="lab_bmo_NumberOfOperatingGroups" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of operating groups</link:label>
    <link:label id="lab_bmo_NumberOfOperatingGroups_label_en-US" xlink:label="lab_bmo_NumberOfOperatingGroups" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of Operating Groups</link:label>
    <link:label id="lab_bmo_NumberOfOperatingGroups_documentation_en-US" xlink:label="lab_bmo_NumberOfOperatingGroups" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of operating groups.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NumberOfOperatingGroups" xlink:href="bmo-20260430.xsd#bmo_NumberOfOperatingGroups"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NumberOfOperatingGroups" xlink:to="lab_bmo_NumberOfOperatingGroups" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsMember_019ce237-ef22-760b-905b-bf59b37a0f77_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">90 days or more</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three months [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanThreeMonthsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsMember" xlink:to="lab_ifrs-full_LaterThanThreeMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain_019ce237-ef22-74b6-b102-a68b1d088fcf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disaggregation of insurance contracts [domain]</link:label>
    <link:label id="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain_label_en-US" xlink:label="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disaggregation of insurance contracts [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisaggregationOfInsuranceContractsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:to="lab_ifrs-full_DisaggregationOfInsuranceContractsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_HousingPriceIndex_019ce237-ef22-7ea0-a0b7-aa55a7c90e4f_verboseLabel_en-US" xlink:label="lab_bmo_HousingPriceIndex" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Housing Price Index</link:label>
    <link:label id="lab_bmo_HousingPriceIndex_label_en-US" xlink:label="lab_bmo_HousingPriceIndex" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Housing price index</link:label>
    <link:label id="lab_bmo_HousingPriceIndex_documentation_en-US" xlink:label="lab_bmo_HousingPriceIndex" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Housing price index.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_HousingPriceIndex" xlink:href="bmo-20260430.xsd#bmo_HousingPriceIndex"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_HousingPriceIndex" xlink:to="lab_bmo_HousingPriceIndex" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember_019ce237-efb6-7612-b329-2978d2851d92_terseLabel_en-US" xlink:label="lab_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">7.700% Limited Recourse Capital Notes, Series 4 (LRCNs, Series 4)</link:label>
    <link:label id="lab_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember_label_en-US" xlink:label="lab_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seven Point Seven Percentage Limited Recourse Capital Notes Series Four [Member]</link:label>
    <link:label id="lab_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember_documentation_en-US" xlink:label="lab_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seven point seven percentage limited recourse capital notes series four.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember" xlink:href="bmo-20260430.xsd#bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember" xlink:to="lab_bmo_SevenPointSevenPercentageLimitedRecourseCapitalNotesSeriesFourMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceServiceResult_019ce237-ef22-7249-b18c-545952814dd8_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResult" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance service results (Note 5)</link:label>
    <link:label id="lab_ifrs-full_InsuranceServiceResult_019ce237-ef22-7b11-ad7c-f8372e11ed25_totalLabel_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResult" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Insurance service results</link:label>
    <link:label id="lab_ifrs-full_InsuranceServiceResult_label_en-US" xlink:label="lab_ifrs-full_InsuranceServiceResult" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance service result</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceServiceResult" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceServiceResult"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceServiceResult" xlink:to="lab_ifrs-full_InsuranceServiceResult" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SharePremiumMember_019ce237-ef22-7998-afbf-2ce701bc16cc_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributed Surplus</link:label>
    <link:label id="lab_ifrs-full_SharePremiumMember_label_en-US" xlink:label="lab_ifrs-full_SharePremiumMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share premium [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremiumMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SharePremiumMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SharePremiumMember" xlink:to="lab_ifrs-full_SharePremiumMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PercentageOfNetDepositPremium_019ce237-efb6-7192-af9d-5116c9e80388_terseLabel_en-US" xlink:label="lab_bmo_PercentageOfNetDepositPremium" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of net deposit premium</link:label>
    <link:label id="lab_bmo_PercentageOfNetDepositPremium_label_en-US" xlink:label="lab_bmo_PercentageOfNetDepositPremium" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage Of Net Deposit Premium</link:label>
    <link:label id="lab_bmo_PercentageOfNetDepositPremium_documentation_en-US" xlink:label="lab_bmo_PercentageOfNetDepositPremium" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage Of Net Deposit Premium</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PercentageOfNetDepositPremium" xlink:href="bmo-20260430.xsd#bmo_PercentageOfNetDepositPremium"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PercentageOfNetDepositPremium" xlink:to="lab_bmo_PercentageOfNetDepositPremium" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis_019ce237-efb6-7fbe-9fff-ebb1ad133ed8_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of financial liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfFinancialLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SecuritiesSoldButNotYetPurchased_019ce237-ee59-728e-ae50-c9f872d52442_terseLabel_en-US" xlink:label="lab_bmo_SecuritiesSoldButNotYetPurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities sold but not yet purchased</link:label>
    <link:label id="lab_bmo_SecuritiesSoldButNotYetPurchased_label_en-US" xlink:label="lab_bmo_SecuritiesSoldButNotYetPurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities Sold But Not Yet Purchased</link:label>
    <link:label id="lab_bmo_SecuritiesSoldButNotYetPurchased_documentation_en-US" xlink:label="lab_bmo_SecuritiesSoldButNotYetPurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The fair value of obligations to deliver securities not owned at the time of sale.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritiesSoldButNotYetPurchased" xlink:href="bmo-20260430.xsd#bmo_SecuritiesSoldButNotYetPurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SecuritiesSoldButNotYetPurchased" xlink:to="lab_bmo_SecuritiesSoldButNotYetPurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_019ce237-ef22-7ab0-a5f1-5500e7c0b8d4_terseLabel_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Bank shareholders</link:label>
    <link:label id="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive income, attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementAssets_019ce237-ee59-73ef-9d81-b2fe0a9f082b_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases/Issuances</link:label>
    <link:label id="lab_ifrs-full_PurchasesFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchases, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchasesFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:to="lab_ifrs-full_PurchasesFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DerivativeLiabilities1Abstract_019ce237-ee59-7528-bfc1-657505f44f0b_terseLabel_en-US" xlink:label="lab_bmo_DerivativeLiabilities1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Liabilities</link:label>
    <link:label id="lab_bmo_DerivativeLiabilities1Abstract_label_en-US" xlink:label="lab_bmo_DerivativeLiabilities1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Liabilities 1 [abstract]</link:label>
    <link:label id="lab_bmo_DerivativeLiabilities1Abstract_documentation_en-US" xlink:label="lab_bmo_DerivativeLiabilities1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative liabilities 1.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DerivativeLiabilities1Abstract" xlink:href="bmo-20260430.xsd#bmo_DerivativeLiabilities1Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DerivativeLiabilities1Abstract" xlink:to="lab_bmo_DerivativeLiabilities1Abstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets_019ce237-ef22-7aa3-8696-49e49660af32_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative assets</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for decrease (increase) in derivative financial assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets" xlink:to="lab_ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Liabilities_019ce237-ee59-7695-ba45-b7fa96154608_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_label_en-US" xlink:label="lab_ifrs-full_Liabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Liabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Liabilities" xlink:to="lab_ifrs-full_Liabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestIncomeOnDeposits_019ce237-ef22-7474-8b82-8a7738b03958_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnDeposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits with banks</link:label>
    <link:label id="lab_ifrs-full_InterestIncomeOnDeposits_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on deposits</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestIncomeOnDeposits" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnDeposits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnDeposits" xlink:to="lab_ifrs-full_InterestIncomeOnDeposits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IssuedCapital_019ce237-ef22-7a09-b16e-19230d37b024_verboseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Issued capital</link:label>
    <link:label id="lab_ifrs-full_IssuedCapital_label_en-US" xlink:label="lab_ifrs-full_IssuedCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Issued capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IssuedCapital" xlink:to="lab_ifrs-full_IssuedCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherGovernmentSecuritiesMember_019ce237-ef22-7d4a-a4ef-0a47d41fdf86_terseLabel_en-US" xlink:label="lab_bmo_OtherGovernmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other governments</link:label>
    <link:label id="lab_bmo_OtherGovernmentSecuritiesMember_label_en-US" xlink:label="lab_bmo_OtherGovernmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Government Securities [member]</link:label>
    <link:label id="lab_bmo_OtherGovernmentSecuritiesMember_documentation_en-US" xlink:label="lab_bmo_OtherGovernmentSecuritiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Government Securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherGovernmentSecuritiesMember" xlink:href="bmo-20260430.xsd#bmo_OtherGovernmentSecuritiesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherGovernmentSecuritiesMember" xlink:to="lab_bmo_OtherGovernmentSecuritiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses_019ce237-ee59-7792-8b2e-d0db1bda35c7_negatedLabel_en-US" xlink:label="lab_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Impact of plan amendments</link:label>
    <link:label id="lab_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses_label_en-US" xlink:label="lab_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined Benefit Plans Impact of Plan Amendments Expenses</link:label>
    <link:label id="lab_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses_documentation_en-US" xlink:label="lab_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Impact of plan amendments.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses" xlink:href="bmo-20260430.xsd#bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses" xlink:to="lab_bmo_DefinedBenefitPlansImpactOfPlanAmendmentsExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate_019ce237-efb6-7fc3-916c-56aa5226574b_terseLabel_en-US" xlink:label="lab_ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contingent consideration recognised as of acquisition date</link:label>
    <link:label id="lab_ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent consideration recognised as of acquisition date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate" xlink:to="lab_ifrs-full_ContingentConsiderationRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_019ce237-ef22-70e9-a01e-319dfad46391_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock option expense, net of options exercised</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through exercise of options, equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughExerciseOfOptions"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_019ce237-ef22-7c6f-88c0-bec62eff68a1_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value included in earnings</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_019ce237-ef22-779c-9ee0-851ca0bddba8_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_GrossUnrealizedLossesMember_019ce237-ef22-7a6a-a6ae-8eb2a035a239_verboseLabel_en-US" xlink:label="lab_bmo_GrossUnrealizedLossesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gross unrealized losses</link:label>
    <link:label id="lab_bmo_GrossUnrealizedLossesMember_label_en-US" xlink:label="lab_bmo_GrossUnrealizedLossesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Unrealized Losses [Member]</link:label>
    <link:label id="lab_bmo_GrossUnrealizedLossesMember_documentation_en-US" xlink:label="lab_bmo_GrossUnrealizedLossesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross unrealized losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_GrossUnrealizedLossesMember" xlink:href="bmo-20260430.xsd#bmo_GrossUnrealizedLossesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_GrossUnrealizedLossesMember" xlink:to="lab_bmo_GrossUnrealizedLossesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherRevenuesLosses_019ce237-ef21-7721-b576-f1de925330b8_terseLabel_en-US" xlink:label="lab_bmo_OtherRevenuesLosses" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other revenues (losses)</link:label>
    <link:label id="lab_bmo_OtherRevenuesLosses_label_en-US" xlink:label="lab_bmo_OtherRevenuesLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Revenues Losses</link:label>
    <link:label id="lab_bmo_OtherRevenuesLosses_documentation_en-US" xlink:label="lab_bmo_OtherRevenuesLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other revenues losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherRevenuesLosses" xlink:href="bmo-20260430.xsd#bmo_OtherRevenuesLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherRevenuesLosses" xlink:to="lab_bmo_OtherRevenuesLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances_019ce237-ee59-7ca4-a01b-9fe5ab9b2cef_verboseLabel_en-US" xlink:label="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Debt securities at amortized cost</link:label>
    <link:label id="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances_019ce237-ee59-7532-afb6-fefa02b1916b_terseLabel_en-US" xlink:label="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortized cost</link:label>
    <link:label id="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances_label_en-US" xlink:label="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities At Amortized Cost Net Of Allowances</link:label>
    <link:label id="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances_documentation_en-US" xlink:label="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities at amortized cost net of allowances.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritiesAtAmortizedCostNetOfAllowances" xlink:href="bmo-20260430.xsd#bmo_SecuritiesAtAmortizedCostNetOfAllowances"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SecuritiesAtAmortizedCostNetOfAllowances" xlink:to="lab_bmo_SecuritiesAtAmortizedCostNetOfAllowances" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember_019ce237-efb6-743d-9410-d59058d562f7_terseLabel_en-US" xlink:label="lab_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit cards, consumer instalment and other personal</link:label>
    <link:label id="lab_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember_label_en-US" xlink:label="lab_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit card, consumer installment and other personal loans [member]</link:label>
    <link:label id="lab_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember_documentation_en-US" xlink:label="lab_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit card, consumer installment and other personal loans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember" xlink:href="bmo-20260430.xsd#bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember" xlink:to="lab_bmo_CreditCardConsumerInstallmentAndOtherPersonalLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock_019ce237-ef22-7515-a7a8-84213072a68a_verboseLabel_en-US" xlink:label="lab_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Summary of Assets and Liabilities categorized by the Fair Value Hierarchy</link:label>
    <link:label id="lab_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Fair Value Measurement of Assets and Liabilities [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The disclosure of fair value measurement of assets and liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xlink:to="lab_bmo_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfCapitalManagementAbstract_019ce237-efb6-7751-bb2a-dd18c389bb8f_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfCapitalManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure Of Capital Management [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfCapitalManagementAbstract_label_en-US" xlink:label="lab_bmo_DisclosureOfCapitalManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Capital Management [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfCapitalManagementAbstract_documentation_en-US" xlink:label="lab_bmo_DisclosureOfCapitalManagementAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of capital management.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfCapitalManagementAbstract" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfCapitalManagementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfCapitalManagementAbstract" xlink:to="lab_bmo_DisclosureOfCapitalManagementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_019ce237-ee59-7904-99af-54b3e08ebe0f_verboseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of shares (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfSharesOutstanding_label_en-US" xlink:label="lab_ifrs-full_NumberOfSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfSharesOutstanding" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NumberOfSharesOutstanding" xlink:to="lab_ifrs-full_NumberOfSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain_019ce237-efb6-7a23-b36e-f3c79fa07858_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of financial liabilities [domain]</link:label>
    <link:label id="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain_label_en-US" xlink:label="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfFinancialLiabilitiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:to="lab_ifrs-full_TypesOfFinancialLiabilitiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProductsAndServicesAxis_019ce237-ee59-7773-90d2-8487ed0038d6_terseLabel_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Products and services [axis]</link:label>
    <link:label id="lab_ifrs-full_ProductsAndServicesAxis_label_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Products and services [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProductsAndServicesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProductsAndServicesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesAxis" xlink:to="lab_ifrs-full_ProductsAndServicesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_019ce237-ef22-79d4-a345-5f3861982ecd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value Measurements</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_019ce237-efb6-7ea2-994b-8befc367c971_terseLabel_en-US" xlink:label="lab_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Administrative expenses</link:label>
    <link:label id="lab_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_label_en-US" xlink:label="lab_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Administrative expenses, net defined benefit liability (asset)</link:label>
    <link:label id="lab_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset_documentation_en-US" xlink:label="lab_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Administrative expenses, net defined benefit liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:href="bmo-20260430.xsd#bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:to="lab_bmo_AdministrativeExpensesNetDefinedBenefitLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems_019ce237-efb6-7104-ad3e-444be04970bb_terseLabel_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure In Tabular Form Of Interest And Dividend Income On Securities And Gains On Securities In Respect Of Insurance Business [Line Items]</link:label>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems_label_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure In Tabular Form Of Interest And Dividend Income On Securities And Gains On Securities In Respect Of Insurance Business [Line Items]</link:label>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems_documentation_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure In Tabular Form Of Interest And Dividend Income On Securities And Gains On Securities In Respect Of Insurance Business [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems" xlink:href="bmo-20260430.xsd#bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems" xlink:to="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ClassBSeriesFiftyTwoPreferredSharesMember_019ce237-ef22-793f-b927-8405d4645cb3_terseLabel_en-US" xlink:label="lab_bmo_ClassBSeriesFiftyTwoPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class B &#8211; Series 52</link:label>
    <link:label id="lab_bmo_ClassBSeriesFiftyTwoPreferredSharesMember_label_en-US" xlink:label="lab_bmo_ClassBSeriesFiftyTwoPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class B series Fifty Two Preferred Shares [Member]</link:label>
    <link:label id="lab_bmo_ClassBSeriesFiftyTwoPreferredSharesMember_documentation_en-US" xlink:label="lab_bmo_ClassBSeriesFiftyTwoPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class b series fifty two preferred shares.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ClassBSeriesFiftyTwoPreferredSharesMember" xlink:href="bmo-20260430.xsd#bmo_ClassBSeriesFiftyTwoPreferredSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ClassBSeriesFiftyTwoPreferredSharesMember" xlink:to="lab_bmo_ClassBSeriesFiftyTwoPreferredSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_019ce237-ef21-7c50-b607-9a76b849ac27_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provision for income taxes (Note 11)</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_019ce237-ef21-7fdb-aa13-761bc62479b8_verboseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Provision for (recovery of) income taxes</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ExposureToCreditRiskOnLoansOrReceivables_019ce237-ef22-71f2-9b62-a675bee4d87e_terseLabel_en-US" xlink:label="lab_bmo_ExposureToCreditRiskOnLoansOrReceivables" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit risk exposure for loans</link:label>
    <link:label id="lab_bmo_ExposureToCreditRiskOnLoansOrReceivables_label_en-US" xlink:label="lab_bmo_ExposureToCreditRiskOnLoansOrReceivables" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exposure To Credit Risk On Loans Or Receivables</link:label>
    <link:label id="lab_bmo_ExposureToCreditRiskOnLoansOrReceivables_documentation_en-US" xlink:label="lab_bmo_ExposureToCreditRiskOnLoansOrReceivables" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exposure to credit risk on loans or receivables.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ExposureToCreditRiskOnLoansOrReceivables" xlink:href="bmo-20260430.xsd#bmo_ExposureToCreditRiskOnLoansOrReceivables"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ExposureToCreditRiskOnLoansOrReceivables" xlink:to="lab_bmo_ExposureToCreditRiskOnLoansOrReceivables" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CorporateEquityMember_019ce237-efb6-7ba0-9c9c-4040e5b5ad6d_terseLabel_en-US" xlink:label="lab_bmo_CorporateEquityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate equity</link:label>
    <link:label id="lab_bmo_CorporateEquityMember_label_en-US" xlink:label="lab_bmo_CorporateEquityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate equity [member]</link:label>
    <link:label id="lab_bmo_CorporateEquityMember_documentation_en-US" xlink:label="lab_bmo_CorporateEquityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate equity.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CorporateEquityMember" xlink:href="bmo-20260430.xsd#bmo_CorporateEquityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CorporateEquityMember" xlink:to="lab_bmo_CorporateEquityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CreditCardLoans_019ce237-ee59-7d39-9036-1a1969d61396_terseLabel_en-US" xlink:label="lab_ifrs-full_CreditCardLoans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit cards</link:label>
    <link:label id="lab_ifrs-full_CreditCardLoans_label_en-US" xlink:label="lab_ifrs-full_CreditCardLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit card loans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CreditCardLoans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditCardLoans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditCardLoans" xlink:to="lab_ifrs-full_CreditCardLoans" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CapitalizationRateSignificantUnobservableInputAssets_019ce237-ef22-7a0e-a17b-794b82849861_terseLabel_en-US" xlink:label="lab_bmo_CapitalizationRateSignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalization rate</link:label>
    <link:label id="lab_bmo_CapitalizationRateSignificantUnobservableInputAssets_label_en-US" xlink:label="lab_bmo_CapitalizationRateSignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalization Rate Significant Unobservable Input Assets</link:label>
    <link:label id="lab_bmo_CapitalizationRateSignificantUnobservableInputAssets_documentation_en-US" xlink:label="lab_bmo_CapitalizationRateSignificantUnobservableInputAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capitalization rate significant unobservable input assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CapitalizationRateSignificantUnobservableInputAssets" xlink:href="bmo-20260430.xsd#bmo_CapitalizationRateSignificantUnobservableInputAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CapitalizationRateSignificantUnobservableInputAssets" xlink:to="lab_bmo_CapitalizationRateSignificantUnobservableInputAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_019ce237-ef22-7c92-9131-08bbec181935_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash Flows Provided by (Used in) Operating Activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoansNetOfAllowanceForCreditLosses_019ce237-ef22-7f8f-877e-5afbe3139617_totalLabel_en-US" xlink:label="lab_bmo_LoansNetOfAllowanceForCreditLosses" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Loans, net</link:label>
    <link:label id="lab_bmo_LoansNetOfAllowanceForCreditLosses_label_en-US" xlink:label="lab_bmo_LoansNetOfAllowanceForCreditLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans net of allowance for credit losses</link:label>
    <link:label id="lab_bmo_LoansNetOfAllowanceForCreditLosses_documentation_en-US" xlink:label="lab_bmo_LoansNetOfAllowanceForCreditLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans net of allowance for credit losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansNetOfAllowanceForCreditLosses" xlink:href="bmo-20260430.xsd#bmo_LoansNetOfAllowanceForCreditLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoansNetOfAllowanceForCreditLosses" xlink:to="lab_bmo_LoansNetOfAllowanceForCreditLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_019ce237-ee59-7063-9c3d-f0fd3e57d25c_terseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share of profit (loss) in associates and joint ventures</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination_019ce237-efb6-795f-a954-30917b957f22_terseLabel_en-US" xlink:label="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjusted contingent consideration</link:label>
    <link:label id="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination_label_en-US" xlink:label="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contingent liabilities recognised in business combination</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:to="lab_ifrs-full_ContingentLiabilitiesRecognisedInBusinessCombination" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NumberOfSharesConvertibleUnderStockOptionPlan_019ce237-ef22-7fb9-b13c-68ad4bb5856e_terseLabel_en-US" xlink:label="lab_bmo_NumberOfSharesConvertibleUnderStockOptionPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common shares convertible from stock option plan (in shares)</link:label>
    <link:label id="lab_bmo_NumberOfSharesConvertibleUnderStockOptionPlan_label_en-US" xlink:label="lab_bmo_NumberOfSharesConvertibleUnderStockOptionPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares Convertible Under Stock Option Plan</link:label>
    <link:label id="lab_bmo_NumberOfSharesConvertibleUnderStockOptionPlan_documentation_en-US" xlink:label="lab_bmo_NumberOfSharesConvertibleUnderStockOptionPlan" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares convertible under stock option plan.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NumberOfSharesConvertibleUnderStockOptionPlan" xlink:href="bmo-20260430.xsd#bmo_NumberOfSharesConvertibleUnderStockOptionPlan"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NumberOfSharesConvertibleUnderStockOptionPlan" xlink:to="lab_bmo_NumberOfSharesConvertibleUnderStockOptionPlan" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_019ce237-efb6-720d-b2d2-0ae1250a8728_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of defined benefit plans [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of defined benefit plans [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:to="lab_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019ce237-ef22-7060-a7fe-7b72724e4946_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value liabilities</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019ce237-ef22-777c-8299-adc09cb3d91d_periodStartLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Liabilities at beginning of period</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_019ce237-ef22-77f0-bfa5-06b819895059_periodEndLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Liabilities at end of period</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilitiesAtFairValue_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="lab_ifrs-full_FinancialLiabilitiesAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoansHeldForTradingMember_019ce237-ef22-778e-9c70-611d5afd10e8_terseLabel_en-US" xlink:label="lab_bmo_LoansHeldForTradingMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading loans</link:label>
    <link:label id="lab_bmo_LoansHeldForTradingMember_label_en-US" xlink:label="lab_bmo_LoansHeldForTradingMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Held For Trading [Member]</link:label>
    <link:label id="lab_bmo_LoansHeldForTradingMember_documentation_en-US" xlink:label="lab_bmo_LoansHeldForTradingMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Held For Trading [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansHeldForTradingMember" xlink:href="bmo-20260430.xsd#bmo_LoansHeldForTradingMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoansHeldForTradingMember" xlink:to="lab_bmo_LoansHeldForTradingMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_019ce237-ef22-7f72-9f7c-0f777022a7f1_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_019e1a5d-b9b7-7c4a-8658-2da62f20ec87_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_label_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities_019ce237-ef22-7fbe-9243-fad7ca99e9a1_terseLabel_en-US" xlink:label="lab_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Movement in investment contract liabilities</link:label>
    <link:label id="lab_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities_label_en-US" xlink:label="lab_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Expense Due To Changes In Investment Contract Liabilities</link:label>
    <link:label id="lab_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities_documentation_en-US" xlink:label="lab_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income expense due to changes in investment contract liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities" xlink:href="bmo-20260430.xsd#bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities" xlink:to="lab_bmo_IncomeExpenseDueToChangesInInvestmentContractLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BankReCapitalizationBailinRegimeMember_019ce237-ee59-79e7-834f-178850df64d1_verboseLabel_en-US" xlink:label="lab_bmo_BankReCapitalizationBailinRegimeMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Bank Recapitalization (Bail-In) Regime</link:label>
    <link:label id="lab_bmo_BankReCapitalizationBailinRegimeMember_label_en-US" xlink:label="lab_bmo_BankReCapitalizationBailinRegimeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank Re capitalization Bailin Regime [Member]</link:label>
    <link:label id="lab_bmo_BankReCapitalizationBailinRegimeMember_documentation_en-US" xlink:label="lab_bmo_BankReCapitalizationBailinRegimeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bank Re capitalization Bailin Regime</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BankReCapitalizationBailinRegimeMember" xlink:href="bmo-20260430.xsd#bmo_BankReCapitalizationBailinRegimeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BankReCapitalizationBailinRegimeMember" xlink:to="lab_bmo_BankReCapitalizationBailinRegimeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost_019ce237-ee59-7a9c-8f45-5ddc02ba0857_terseLabel_en-US" xlink:label="lab_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Embedded options related to structured deposits carried at amortized cost</link:label>
    <link:label id="lab_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost_label_en-US" xlink:label="lab_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Embedded Options Related To Structured Deposits Carried At Amortized Cost</link:label>
    <link:label id="lab_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost_documentation_en-US" xlink:label="lab_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Embedded options related to structured deposits carried at amortized cost.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost" xlink:href="bmo-20260430.xsd#bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost" xlink:to="lab_bmo_EmbeddedOptionsRelatedToStructuredDepositsCarriedAtAmortizedCost" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember_019ce237-ef22-7e4d-8724-5126a55e5b46_verboseLabel_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income on Pension and Other Employee Future Benefit Plans, net of taxes</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember_label_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income on Pension and Other Employee Future Benefit Plans, net of taxes [Member]</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember_documentation_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income on Pension and Other Employee Future Benefit Plans, net of taxes [Member].</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember" xlink:href="bmo-20260430.xsd#bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember" xlink:to="lab_bmo_AccumulatedOtherComprehensiveIncomeOnPensionAndOtherEmployeeFutureBenefitPlansNetOfTaxesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain_019e1a5d-b9b7-7419-9922-95703b094aec_terseLabel_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [domain]</link:label>
    <link:label id="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain_label_en-US" xlink:label="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-adjusting events after reporting period [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:to="lab_ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_019ce237-ef22-7929-a7a7-5134ab9efb97_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:to="lab_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotLaterThanThreeMonthsMember_019ce237-ef22-7e27-975e-786cdcb955e1_verboseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Less than 3 months</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanThreeMonthsMember_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than three months [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotLaterThanThreeMonthsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotLaterThanThreeMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanThreeMonthsMember" xlink:to="lab_ifrs-full_NotLaterThanThreeMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InitiallyAppliedIFRSsDomain_019ce237-ef22-7473-8fba-a5c2e1ae7dff_terseLabel_en-US" xlink:label="lab_ifrs-full_InitiallyAppliedIFRSsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Initially applied IFRSs [domain]</link:label>
    <link:label id="lab_ifrs-full_InitiallyAppliedIFRSsDomain_label_en-US" xlink:label="lab_ifrs-full_InitiallyAppliedIFRSsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Initially applied IFRSs [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InitiallyAppliedIFRSsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InitiallyAppliedIFRSsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InitiallyAppliedIFRSsDomain" xlink:to="lab_ifrs-full_InitiallyAppliedIFRSsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DepositsHeldForSale_019ce237-efb6-72a8-9ad6-fbca006921d1_terseLabel_en-US" xlink:label="lab_bmo_DepositsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits held for sale</link:label>
    <link:label id="lab_bmo_DepositsHeldForSale_label_en-US" xlink:label="lab_bmo_DepositsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits Held For Sale</link:label>
    <link:label id="lab_bmo_DepositsHeldForSale_documentation_en-US" xlink:label="lab_bmo_DepositsHeldForSale" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deposits Held For Sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DepositsHeldForSale" xlink:href="bmo-20260430.xsd#bmo_DepositsHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DepositsHeldForSale" xlink:to="lab_bmo_DepositsHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember_019ce237-ef21-7f65-9b73-a5e2408b741e_terseLabel_en-US" xlink:label="lab_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense for liabilities carried at amortized cost</link:label>
    <link:label id="lab_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember_label_en-US" xlink:label="lab_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense for Liabilities Carried at Amortized Cost [Member]</link:label>
    <link:label id="lab_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember_documentation_en-US" xlink:label="lab_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Expense for Liabilities Carried at Amortized Cost [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember" xlink:href="bmo-20260430.xsd#bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember" xlink:to="lab_bmo_InterestExpenseForLiabilitiesCarriedAtAmortizedCostMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaturityAxis_019ce237-ee59-7cc4-bc63-f940160c6eda_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity [axis]</link:label>
    <link:label id="lab_ifrs-full_MaturityAxis_label_en-US" xlink:label="lab_ifrs-full_MaturityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityAxis" xlink:to="lab_ifrs-full_MaturityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SettlementsFairValueMeasurementLiabilities_019ce237-ef22-7bfa-8398-2da5449a1e42_negatedLabel_en-US" xlink:label="lab_ifrs-full_SettlementsFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Maturities/Settlement</link:label>
    <link:label id="lab_ifrs-full_SettlementsFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_SettlementsFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Settlements, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SettlementsFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SettlementsFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SettlementsFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_SettlementsFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TopOfRangeMember_019ce237-ef22-75f9-9943-ef51e4c6e84d_terseLabel_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">High</link:label>
    <link:label id="lab_ifrs-full_TopOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_TopOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Top of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TopOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TopOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TopOfRangeMember" xlink:to="lab_ifrs-full_TopOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember_019ce237-ef22-7c21-9f0b-bf51b549bc85_terseLabel_en-US" xlink:label="lab_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commitments and financial guarantee contracts</link:label>
    <link:label id="lab_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember_label_en-US" xlink:label="lab_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan commitments and financial guarantee contracts issued [member]</link:label>
    <link:label id="lab_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember_documentation_en-US" xlink:label="lab_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan commitments and financial guarantee contracts issued.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember" xlink:href="bmo-20260430.xsd#bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember" xlink:to="lab_bmo_LoanCommitmentsAndFinancialGuaranteeContractsIssuedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SaleOrIssueOfTreasuryShares_019ce237-ef21-7e39-8e71-c596fd742da1_verboseLabel_en-US" xlink:label="lab_ifrs-full_SaleOrIssueOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net premium (discount) on sale of treasury shares</link:label>
    <link:label id="lab_ifrs-full_SaleOrIssueOfTreasuryShares_label_en-US" xlink:label="lab_ifrs-full_SaleOrIssueOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale or issue of treasury shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SaleOrIssueOfTreasuryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SaleOrIssueOfTreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SaleOrIssueOfTreasuryShares" xlink:to="lab_ifrs-full_SaleOrIssueOfTreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherLiabilitiesAtFairValue_019ce237-efb6-77d1-94e1-5532d7af2fbb_terseLabel_en-US" xlink:label="lab_bmo_OtherLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label id="lab_bmo_OtherLiabilitiesAtFairValue_label_en-US" xlink:label="lab_bmo_OtherLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities At Fair Value</link:label>
    <link:label id="lab_bmo_OtherLiabilitiesAtFairValue_documentation_en-US" xlink:label="lab_bmo_OtherLiabilitiesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other liabilities at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherLiabilitiesAtFairValue" xlink:href="bmo-20260430.xsd#bmo_OtherLiabilitiesAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherLiabilitiesAtFairValue" xlink:to="lab_bmo_OtherLiabilitiesAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareLineItems_019ce237-ef22-7217-9dd1-d25dd123600a_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings per share [line items]</link:label>
    <link:label id="lab_ifrs-full_EarningsPerShareLineItems_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EarningsPerShareLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareLineItems" xlink:to="lab_ifrs-full_EarningsPerShareLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CanadianFederalGovernmentMember_019ce237-ef22-77fa-a35a-7df8e5ae2d95_terseLabel_en-US" xlink:label="lab_bmo_CanadianFederalGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Canadian federal government</link:label>
    <link:label id="lab_bmo_CanadianFederalGovernmentMember_label_en-US" xlink:label="lab_bmo_CanadianFederalGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Canadian federal government [member]</link:label>
    <link:label id="lab_bmo_CanadianFederalGovernmentMember_documentation_en-US" xlink:label="lab_bmo_CanadianFederalGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Canadian federal government.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CanadianFederalGovernmentMember" xlink:href="bmo-20260430.xsd#bmo_CanadianFederalGovernmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CanadianFederalGovernmentMember" xlink:to="lab_bmo_CanadianFederalGovernmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_019ce237-ef22-7a09-904e-22bf36e2978f_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Goodwill_019ce237-ef22-725a-af16-fc5cbc4ae65d_terseLabel_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:label id="lab_ifrs-full_Goodwill_label_en-US" xlink:label="lab_ifrs-full_Goodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Goodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Goodwill" xlink:to="lab_ifrs-full_Goodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SettlementsFairValueMeasurementAssets_019ce237-ef22-7699-bdbc-5830dd563fd7_negatedLabel_en-US" xlink:label="lab_ifrs-full_SettlementsFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Maturities/Settlement</link:label>
    <link:label id="lab_ifrs-full_SettlementsFairValueMeasurementAssets_label_en-US" xlink:label="lab_ifrs-full_SettlementsFairValueMeasurementAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Settlements, fair value measurement, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SettlementsFairValueMeasurementAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SettlementsFairValueMeasurementAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SettlementsFairValueMeasurementAssets" xlink:to="lab_ifrs-full_SettlementsFairValueMeasurementAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome_019ce237-ef22-7d7b-8560-bbdc66e8b5fd_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net of income tax (provision) recovery, unrealized (losses) on hedges of net foreign operations</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to hedges of net investments in foreign operations included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_MandatorilyMeasuredAtFairValueMember_019ce237-ef22-74aa-976b-c634b8eb6b08_terseLabel_en-US" xlink:label="lab_bmo_MandatorilyMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FVTPL securities mandatorily measured at fair value</link:label>
    <link:label id="lab_bmo_MandatorilyMeasuredAtFairValueMember_label_en-US" xlink:label="lab_bmo_MandatorilyMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Mandatorily measured at fair value [member]</link:label>
    <link:label id="lab_bmo_MandatorilyMeasuredAtFairValueMember_documentation_en-US" xlink:label="lab_bmo_MandatorilyMeasuredAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Mandatorily measured at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_MandatorilyMeasuredAtFairValueMember" xlink:href="bmo-20260430.xsd#bmo_MandatorilyMeasuredAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_MandatorilyMeasuredAtFairValueMember" xlink:to="lab_bmo_MandatorilyMeasuredAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid_019ce237-ef22-73a9-9fda-afa3be9529a9_verboseLabel_en-US" xlink:label="lab_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Number of shares repurchase under normal course issuer bid (in shares)</link:label>
    <link:label id="lab_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid_label_en-US" xlink:label="lab_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares Repurchase Under Normal Course Issuer Bid</link:label>
    <link:label id="lab_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid_documentation_en-US" xlink:label="lab_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of shares repurchase under normal course issuer bid.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid" xlink:href="bmo-20260430.xsd#bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid" xlink:to="lab_bmo_NumberOfSharesRepurchaseUnderNormalCourseIssuerBid" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019ce237-ef22-75e4-9cd1-97ece074d99f_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net gains (losses) on remeasurement of pension and other employee future benefit plans</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_019ce237-ef22-7129-8f0b-d157f7e97132_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gains (losses) on remeasurement of pension and other employee future benefit plans</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_019ce237-efb6-7e04-97bf-3af11b877e73_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments_019ce237-ef22-77e6-b7a1-28abe0640f18_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest bearing deposits with banks</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) decrease (increase) in short-term deposits and investments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" xlink:to="lab_ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased_019ce237-ee59-76f5-ab1b-b88070dd917c_terseLabel_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share repurchase program number of shares repurchased (in shares)</link:label>
    <link:label id="lab_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased_label_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share Repurchase Program Number Of Shares Repurchased</link:label>
    <link:label id="lab_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased_documentation_en-US" xlink:label="lab_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share repurchase program number of shares repurchased.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased" xlink:href="bmo-20260430.xsd#bmo_ShareRepurchaseProgramNumberOfSharesRepurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased" xlink:to="lab_bmo_ShareRepurchaseProgramNumberOfSharesRepurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_019ce237-ee59-7795-9487-f107bb9f4897_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfFinancialAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis_019ce237-efb6-7c8c-8fab-1cf8ff92804b_terseLabel_en-US" xlink:label="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of share based payment arrangements used to calculate dilutive EPS [Axis]</link:label>
    <link:label id="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis_label_en-US" xlink:label="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share based payment arrangements used to calculate dilutive EPS [Axis]</link:label>
    <link:label id="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis_documentation_en-US" xlink:label="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Types of share based payment arrangements used to calculate dilutive EPS [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis" xlink:href="bmo-20260430.xsd#bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis" xlink:to="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_019ce237-ef22-7ad4-8652-ba1106080ebc_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Items that will not be subsequently reclassified to net income</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income that will not be reclassified to profit or loss, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StageOneMember_019ce237-ef22-75c5-909e-365e8ab3aaa7_terseLabel_en-US" xlink:label="lab_bmo_StageOneMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 1</link:label>
    <link:label id="lab_bmo_StageOneMember_label_en-US" xlink:label="lab_bmo_StageOneMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage One [member]</link:label>
    <link:label id="lab_bmo_StageOneMember_documentation_en-US" xlink:label="lab_bmo_StageOneMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stage One [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StageOneMember" xlink:href="bmo-20260430.xsd#bmo_StageOneMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StageOneMember" xlink:to="lab_bmo_StageOneMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MiscellaneousLiabilitiesAbstract_019ce237-ef22-751f-ac0d-e08eb0730d17_terseLabel_en-US" xlink:label="lab_ifrs-full_MiscellaneousLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
    <link:label id="lab_ifrs-full_MiscellaneousLiabilitiesAbstract_label_en-US" xlink:label="lab_ifrs-full_MiscellaneousLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Miscellaneous liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MiscellaneousLiabilitiesAbstract" xlink:to="lab_ifrs-full_MiscellaneousLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CreditCardFeeIncome_019ce237-ef22-7bd6-9865-66bf781e5085_terseLabel_en-US" xlink:label="lab_bmo_CreditCardFeeIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Card fees</link:label>
    <link:label id="lab_bmo_CreditCardFeeIncome_label_en-US" xlink:label="lab_bmo_CreditCardFeeIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit card fee income</link:label>
    <link:label id="lab_bmo_CreditCardFeeIncome_documentation_en-US" xlink:label="lab_bmo_CreditCardFeeIncome" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income on credit card fees.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CreditCardFeeIncome" xlink:href="bmo-20260430.xsd#bmo_CreditCardFeeIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CreditCardFeeIncome" xlink:to="lab_bmo_CreditCardFeeIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeStatementAbstract_019ce237-ef22-73d0-bac1-88811a6e4295_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:label id="lab_ifrs-full_IncomeStatementAbstract_label_en-US" xlink:label="lab_ifrs-full_IncomeStatementAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeStatementAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeStatementAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeStatementAbstract" xlink:to="lab_ifrs-full_IncomeStatementAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_019ce237-ee59-718a-b8bb-e00644ef5060_negatedLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Reclassification to earnings of losses on derivatives designated as cash flow hedges during the period</link:label>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_019ce237-ee59-71af-97e6-173f5b238828_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reclassification to earnings of losses on derivatives designated as cash flow hedges during the period</link:label>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification adjustments on cash flow hedges, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember_019ce237-ef22-7996-93b0-056d9e39907b_terseLabel_en-US" xlink:label="lab_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">4.800% Additional Tier 1 Capital Notes (AT1 Notes)</link:label>
    <link:label id="lab_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember_label_en-US" xlink:label="lab_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Four Point Eight percentage Additional Tier 1 Capital Notes NVCC [Member]</link:label>
    <link:label id="lab_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember_documentation_en-US" xlink:label="lab_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">4.8% Additional Tier 1 Capital Notes (NVCC).</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember" xlink:href="bmo-20260430.xsd#bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember" xlink:to="lab_bmo_FourPointEightPercentageAdditionalTier1CapitalNotesNvccMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LowProbabilityOfDefaultMember_019ce237-ef21-7425-91a5-aaed87cdf6ae_terseLabel_en-US" xlink:label="lab_bmo_LowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Low</link:label>
    <link:label id="lab_bmo_LowProbabilityOfDefaultMember_label_en-US" xlink:label="lab_bmo_LowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Low probability of default [member]</link:label>
    <link:label id="lab_bmo_LowProbabilityOfDefaultMember_documentation_en-US" xlink:label="lab_bmo_LowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Low probability of default.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LowProbabilityOfDefaultMember" xlink:href="bmo-20260430.xsd#bmo_LowProbabilityOfDefaultMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LowProbabilityOfDefaultMember" xlink:to="lab_bmo_LowProbabilityOfDefaultMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareTable_019ce237-ef22-7f45-936c-faaef65bdc3e_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Earnings per share [table]</link:label>
    <link:label id="lab_ifrs-full_EarningsPerShareTable_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EarningsPerShareTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareTable" xlink:to="lab_ifrs-full_EarningsPerShareTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets_019ce237-ef22-78b8-98db-877935a8733a_terseLabel_en-US" xlink:label="lab_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Multiple</link:label>
    <link:label id="lab_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets_label_en-US" xlink:label="lab_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EV EBITDA Multiple Significant Unobservable Inputs Assets</link:label>
    <link:label id="lab_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets_documentation_en-US" xlink:label="lab_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A EV/EBITDA multiple used as a significant Level 3 unobservable input for assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets" xlink:href="bmo-20260430.xsd#bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets" xlink:to="lab_bmo_EVEBITDAMultipleSignificantUnobservableInputsAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember_019ce237-ef22-7c90-92ab-019fa9633561_terseLabel_en-US" xlink:label="lab_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">20 years</link:label>
    <link:label id="lab_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember_label_en-US" xlink:label="lab_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than ten years and not later than twenty years [Member]</link:label>
    <link:label id="lab_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember_documentation_en-US" xlink:label="lab_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Later than ten years and not later than twenty years.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:href="bmo-20260430.xsd#bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:to="lab_bmo_LaterThanTenYearsAndNotLaterThanTwentyYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_019ce237-ef22-7e42-bc02-6d8ef7fd540d_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SharesBuybackProgramAxis_019ce237-ef22-7072-8791-fbe1f565d0bd_terseLabel_en-US" xlink:label="lab_bmo_SharesBuybackProgramAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares Buyback Program [Axis]</link:label>
    <link:label id="lab_bmo_SharesBuybackProgramAxis_label_en-US" xlink:label="lab_bmo_SharesBuybackProgramAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shares Buyback Program [Axis]</link:label>
    <link:label id="lab_bmo_SharesBuybackProgramAxis_documentation_en-US" xlink:label="lab_bmo_SharesBuybackProgramAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Shares Buyback Program [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SharesBuybackProgramAxis" xlink:href="bmo-20260430.xsd#bmo_SharesBuybackProgramAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SharesBuybackProgramAxis" xlink:to="lab_bmo_SharesBuybackProgramAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember_019ce237-ef22-7b64-bd5b-90e4c8973e29_terseLabel_en-US" xlink:label="lab_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">30 years</link:label>
    <link:label id="lab_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember_label_en-US" xlink:label="lab_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later Than Twenty Years And Not Later Than Thirty Years [Member]</link:label>
    <link:label id="lab_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember_documentation_en-US" xlink:label="lab_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Later than twenty years and not later than thirty years.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:href="bmo-20260430.xsd#bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:to="lab_bmo_LaterThanTwentyYearsAndNotLaterThanThirtyYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfAssetsAxis_019ce237-ef22-7e83-aa9c-e8e9919d63c5_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of assets [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfAssetsAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfAssetsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAssetsAxis" xlink:to="lab_ifrs-full_ClassesOfAssetsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets_019ce237-ee59-7c3b-adda-ec032f8845ac_verboseLabel_en-US" xlink:label="lab_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Transfer to Stage 3</link:label>
    <link:label id="lab_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers to stage three allowance account for credit losses of financial assets</link:label>
    <link:label id="lab_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets_documentation_en-US" xlink:label="lab_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfers to stage three allowance account for credit losses of financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_bmo_TransfersToStageThreeAllowanceAccountForCreditLossesOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities_019ce237-ef22-7928-83ad-7e05bf1658cc_verboseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Derivative liabilities</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase (decrease) in derivative financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDerivativeFinancialLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue_019ce237-ef22-7727-ad3d-742281e82162_terseLabel_en-US" xlink:label="lab_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities sold but not yet purchased</link:label>
    <link:label id="lab_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue_label_en-US" xlink:label="lab_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities Sold But Not Yet Purchased at Fair Value</link:label>
    <link:label id="lab_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue_documentation_en-US" xlink:label="lab_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities Sold But Not Yet Purchased at Fair Value</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue" xlink:href="bmo-20260430.xsd#bmo_SecuritiesSoldButNotYetPurchasedAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue" xlink:to="lab_bmo_SecuritiesSoldButNotYetPurchasedAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsLiabilityAsset_019ce237-efb6-727b-82da-1f6fab6ca9d0_periodStartLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Insurance contract liabilities, beginning of period</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsLiabilityAsset_019ce237-efb6-739e-9eb0-c635bd4edb55_periodEndLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Insurance contract liabilities, end of period</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_InsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_019ce237-efb6-7ab0-afbd-01c41e4a586e_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">5 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than four years and not later than five years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="lab_ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory_019ce237-efb6-7232-ab5a-fa2a792b51df_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Significant Unobservable Inputs in Level 3 Instrument Valuations</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember_019ce237-efb6-77d8-b6a2-684e3900eae0_terseLabel_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) on Cash Flow Hedges, net of taxes</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember_label_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income Loss on Cash Flow Hedges net of taxes [Member]</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember_documentation_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) on Cash Flow Hedges, net of taxes.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember" xlink:href="bmo-20260430.xsd#bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember" xlink:to="lab_bmo_AccumulatedOtherComprehensiveIncomelossOnCashFlowHedgesNetOfTaxesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_MetalDeposits_019ce237-efb6-78e9-9bc7-4c2ca5446e12_terseLabel_en-US" xlink:label="lab_bmo_MetalDeposits" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Metal deposits</link:label>
    <link:label id="lab_bmo_MetalDeposits_label_en-US" xlink:label="lab_bmo_MetalDeposits" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Metal Deposits</link:label>
    <link:label id="lab_bmo_MetalDeposits_documentation_en-US" xlink:label="lab_bmo_MetalDeposits" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Metal deposits.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_MetalDeposits" xlink:href="bmo-20260430.xsd#bmo_MetalDeposits"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_MetalDeposits" xlink:to="lab_bmo_MetalDeposits" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_019ce237-ef22-741c-ba91-dcd1613eef0c_totalLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total shareholders&#8217; equity</link:label>
    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_EquityAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_019ce237-ef22-7643-ab35-b71f8c38b917_negatedLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net of income tax (provision) recovery of unrealized gains (losses) on fair value through OCI debt securities</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax relating to financial assets measured at fair value through other comprehensive income included in other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="lab_ifrs-full_IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_019ce237-ef21-71e9-b8dc-8ccb953557f1_verboseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Earnings Per Common Share (Canadian $) (Note 10)</link:label>
    <link:label id="lab_ifrs-full_EarningsPerShareAbstract_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EarningsPerShareAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareAbstract" xlink:to="lab_ifrs-full_EarningsPerShareAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestExpense1Abstract_019ce237-ef22-7929-90f0-20764423ca20_terseLabel_en-US" xlink:label="lab_bmo_InterestExpense1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Expense</link:label>
    <link:label id="lab_bmo_InterestExpense1Abstract_label_en-US" xlink:label="lab_bmo_InterestExpense1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense 1 [abstract]</link:label>
    <link:label id="lab_bmo_InterestExpense1Abstract_documentation_en-US" xlink:label="lab_bmo_InterestExpense1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest expense 1.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestExpense1Abstract" xlink:href="bmo-20260430.xsd#bmo_InterestExpense1Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestExpense1Abstract" xlink:to="lab_bmo_InterestExpense1Abstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing_019ce237-ef22-7098-b5f3-135687d1444e_terseLabel_en-US" xlink:label="lab_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-interest bearing</link:label>
    <link:label id="lab_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing_label_en-US" xlink:label="lab_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances on demand deposits from customers, noninterest bearing</link:label>
    <link:label id="lab_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing_documentation_en-US" xlink:label="lab_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balances on demand deposits from customers, noninterest bearing.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing" xlink:href="bmo-20260430.xsd#bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing" xlink:to="lab_bmo_BalancesOnDemandDepositsFromCustomersNoninterestBearing" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeAxis_019ce237-ef22-7199-b1d6-7aefbac936a0_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:label id="lab_ifrs-full_RangeAxis_label_en-US" xlink:label="lab_ifrs-full_RangeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeAxis" xlink:to="lab_ifrs-full_RangeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_019ce237-ef22-7fba-981a-167e413102a3_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDepositsTable_019ce237-ef22-7a84-8dce-0b94f0104449_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDepositsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposits [Table]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsTable_label_en-US" xlink:label="lab_bmo_DisclosureOfDepositsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposits [Table]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsTable_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDepositsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposits [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDepositsTable" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDepositsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDepositsTable" xlink:to="lab_bmo_DisclosureOfDepositsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers_019ce237-ef22-7ee2-ba54-b1f165e757ce_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase (decrease) in deposits from customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_GrossTotalLoansAndAcceptancesMember_019ce237-ef22-7fb0-a9a4-33b892e08a17_terseLabel_en-US" xlink:label="lab_bmo_GrossTotalLoansAndAcceptancesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total gross loans and acceptances</link:label>
    <link:label id="lab_bmo_GrossTotalLoansAndAcceptancesMember_label_en-US" xlink:label="lab_bmo_GrossTotalLoansAndAcceptancesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Total Loans And Acceptances [Member]</link:label>
    <link:label id="lab_bmo_GrossTotalLoansAndAcceptancesMember_documentation_en-US" xlink:label="lab_bmo_GrossTotalLoansAndAcceptancesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross total loans and acceptances.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_GrossTotalLoansAndAcceptancesMember" xlink:href="bmo-20260430.xsd#bmo_GrossTotalLoansAndAcceptancesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_GrossTotalLoansAndAcceptancesMember" xlink:to="lab_bmo_GrossTotalLoansAndAcceptancesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_019ce237-ef22-73b4-bbc3-81abcd8c0edf_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Income Before Provision for Income Taxes</link:label>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) before tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_ifrs-full_ProfitLossBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherEmployeeFutureBenefitPlansMember_019ce237-ef22-7630-9655-b1e1dd810272_terseLabel_en-US" xlink:label="lab_bmo_OtherEmployeeFutureBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other employee future benefit plans</link:label>
    <link:label id="lab_bmo_OtherEmployeeFutureBenefitPlansMember_label_en-US" xlink:label="lab_bmo_OtherEmployeeFutureBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other employee future benefit plans [Member]</link:label>
    <link:label id="lab_bmo_OtherEmployeeFutureBenefitPlansMember_documentation_en-US" xlink:label="lab_bmo_OtherEmployeeFutureBenefitPlansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other employee future benefit plans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherEmployeeFutureBenefitPlansMember" xlink:href="bmo-20260430.xsd#bmo_OtherEmployeeFutureBenefitPlansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherEmployeeFutureBenefitPlansMember" xlink:to="lab_bmo_OtherEmployeeFutureBenefitPlansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_019ce237-ef22-7e31-afb6-11bc24258c88_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes paid in the period</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income taxes paid (refund), classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_019ce237-ef21-7709-b662-e069b816e3f2_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total Other Comprehensive Income (Loss), net of taxes</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncome_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncome" xlink:to="lab_ifrs-full_OtherComprehensiveIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfLiabilitiesAxis_019ce237-ee59-7570-93e8-8cd69fa8bbe3_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_ClassesOfLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfLiabilitiesAxis" xlink:to="lab_ifrs-full_ClassesOfLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfBasisOfPresentationAbstract_019ce237-ef22-7ca6-8532-dd641c188e76_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfBasisOfPresentationAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of Basis of Presentation [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfBasisOfPresentationAbstract_label_en-US" xlink:label="lab_bmo_DisclosureOfBasisOfPresentationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Basis of Presentation [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfBasisOfPresentationAbstract_documentation_en-US" xlink:label="lab_bmo_DisclosureOfBasisOfPresentationAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Basis of Presentation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfBasisOfPresentationAbstract" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfBasisOfPresentationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfBasisOfPresentationAbstract" xlink:to="lab_bmo_DisclosureOfBasisOfPresentationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CounterpartiesDomain_019e17fc-0d10-75e3-bf7a-d01abb5fdf7a_terseLabel_en-US" xlink:label="lab_ifrs-full_CounterpartiesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparties [domain]</link:label>
    <link:label id="lab_ifrs-full_CounterpartiesDomain_label_en-US" xlink:label="lab_ifrs-full_CounterpartiesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparties [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CounterpartiesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CounterpartiesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CounterpartiesDomain" xlink:to="lab_ifrs-full_CounterpartiesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_019ce237-ef22-75e1-b4d7-19bd4acb70eb_negatedLabel_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Transfers out of Level 3</link:label>
    <link:label id="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_label_en-US" xlink:label="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers out of Level 3 of fair value hierarchy, assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:to="lab_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CreditDefaultSwapsMember_019ce237-ef21-7ab8-96d1-9bc6262419e4_terseLabel_en-US" xlink:label="lab_bmo_CreditDefaultSwapsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit default swaps</link:label>
    <link:label id="lab_bmo_CreditDefaultSwapsMember_label_en-US" xlink:label="lab_bmo_CreditDefaultSwapsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit default swaps [member]</link:label>
    <link:label id="lab_bmo_CreditDefaultSwapsMember_documentation_en-US" xlink:label="lab_bmo_CreditDefaultSwapsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Credit default swaps.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CreditDefaultSwapsMember" xlink:href="bmo-20260430.xsd#bmo_CreditDefaultSwapsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CreditDefaultSwapsMember" xlink:to="lab_bmo_CreditDefaultSwapsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate_019ce237-efb6-70b1-a50f-2c0d79eef38d_terseLabel_en-US" xlink:label="lab_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other liabilities</link:label>
    <link:label id="lab_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate_label_en-US" xlink:label="lab_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Liabilities Recognized As Of Acquisition Date</link:label>
    <link:label id="lab_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate_documentation_en-US" xlink:label="lab_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Liabilities Recognized As Of Acquisition Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate" xlink:href="bmo-20260430.xsd#bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate" xlink:to="lab_bmo_OtherLiabilitiesRecognizedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_TreasurySharesMember_019ce237-ef22-71b6-b67e-8a267219e032_terseLabel_en-US" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury shares</link:label>
    <link:label id="lab_ifrs-full_TreasurySharesMember_label_en-US" xlink:label="lab_ifrs-full_TreasurySharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasurySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TreasurySharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TreasurySharesMember" xlink:to="lab_ifrs-full_TreasurySharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock_019ce237-efb6-7ae6-9396-fc7c96a0f4f0_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquisitions and Divestitures</link:label>
    <link:label id="lab_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Acquisitions And Divestitures Explanatory [Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Acquisitions And Divestitures Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock" xlink:to="lab_bmo_DisclosureOfAcquisitionsAndDivestituresExplanatoryTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PastDueStatusDomain_019ce237-ef22-7710-bf0e-85227c00fa33_terseLabel_en-US" xlink:label="lab_ifrs-full_PastDueStatusDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Past due status [domain]</link:label>
    <link:label id="lab_ifrs-full_PastDueStatusDomain_label_en-US" xlink:label="lab_ifrs-full_PastDueStatusDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Past due status [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PastDueStatusDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PastDueStatusDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PastDueStatusDomain" xlink:to="lab_ifrs-full_PastDueStatusDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PrincipalMember_019ce237-ef21-7ed6-a7a4-913b715d713c_terseLabel_en-US" xlink:label="lab_bmo_PrincipalMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Principal</link:label>
    <link:label id="lab_bmo_PrincipalMember_label_en-US" xlink:label="lab_bmo_PrincipalMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Principal [Member]</link:label>
    <link:label id="lab_bmo_PrincipalMember_documentation_en-US" xlink:label="lab_bmo_PrincipalMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Principal [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PrincipalMember" xlink:href="bmo-20260430.xsd#bmo_PrincipalMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PrincipalMember" xlink:to="lab_bmo_PrincipalMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfSecuritiesExplanatoryTextBlock_019ce237-efb6-7152-b344-c9243e07175d_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfSecuritiesExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities</link:label>
    <link:label id="lab_bmo_DisclosureOfSecuritiesExplanatoryTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfSecuritiesExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Securities Explanatory [Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfSecuritiesExplanatoryTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfSecuritiesExplanatoryTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of Securities Explanatory</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfSecuritiesExplanatoryTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfSecuritiesExplanatoryTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfSecuritiesExplanatoryTextBlock" xlink:to="lab_bmo_DisclosureOfSecuritiesExplanatoryTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_019ce237-efb6-7111-9af6-7dbac120be36_totalLabel_en-US" xlink:label="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Purchase price</link:label>
    <link:label id="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_label_en-US" xlink:label="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Identifiable assets acquired (liabilities assumed)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="lab_ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForDepreciationOfOtherAssets_019ce237-ef22-7518-8981-9e0d2efa3f28_terseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForDepreciationOfOtherAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation of other assets</link:label>
    <link:label id="lab_bmo_AdjustmentsForDepreciationOfOtherAssets_label_en-US" xlink:label="lab_bmo_AdjustmentsForDepreciationOfOtherAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Depreciation Of Other Assets</link:label>
    <link:label id="lab_bmo_AdjustmentsForDepreciationOfOtherAssets_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForDepreciationOfOtherAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for depreciation of other assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForDepreciationOfOtherAssets" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForDepreciationOfOtherAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForDepreciationOfOtherAssets" xlink:to="lab_bmo_AdjustmentsForDepreciationOfOtherAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract_019ce237-ef22-798b-9ee3-e52517b81b43_terseLabel_en-US" xlink:label="lab_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net cash provided by operating activities includes:</link:label>
    <link:label id="lab_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract_label_en-US" xlink:label="lab_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by Operating Activities Includes [abstract] [Abstract]</link:label>
    <link:label id="lab_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract_documentation_en-US" xlink:label="lab_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net Cash Provided By Operating Activities Includes.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract" xlink:href="bmo-20260430.xsd#bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract" xlink:to="lab_bmo_NetCashProvidedByOperatingActivitiesIncludesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_019ce237-ef22-7b4e-8bea-871a0d962f4d_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of share capital, reserves and other equity interest [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="lab_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EquityInterestsOfAcquirer_019ce237-efb6-789e-a2cb-2e2f678c8517_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityInterestsOfAcquirer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity interests of acquirer</link:label>
    <link:label id="lab_ifrs-full_EquityInterestsOfAcquirer_label_en-US" xlink:label="lab_ifrs-full_EquityInterestsOfAcquirer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity interests of acquirer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityInterestsOfAcquirer" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityInterestsOfAcquirer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityInterestsOfAcquirer" xlink:to="lab_ifrs-full_EquityInterestsOfAcquirer" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements_019ce237-ef22-77d5-b412-ff258167f90d_terseLabel_en-US" xlink:label="lab_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities sold but not yet purchased and securities lent or sold under repurchase agreements</link:label>
    <link:label id="lab_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements_label_en-US" xlink:label="lab_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense On Securities Sold But Not Yet Repurchased And Securities Lent Or Sold Under Repurchase Agreements</link:label>
    <link:label id="lab_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements_documentation_en-US" xlink:label="lab_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest expense on securities sold but not yet repurchased and securities lent or sold under repurchase agreements.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements" xlink:href="bmo-20260430.xsd#bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements" xlink:to="lab_bmo_InterestExpenseOnSecuritiesSoldButNotYetRepurchasedAndSecuritiesLentOrSoldUnderRepurchaseAgreements" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet_019ce237-ef22-73ff-afbb-553a27c476b0_terseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other items and accruals, net</link:label>
    <link:label id="lab_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet_label_en-US" xlink:label="lab_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Net Increase Decrease In Other Items And Accruals Net</link:label>
    <link:label id="lab_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Net Increase Decrease In Other Items And Accruals Net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet" xlink:to="lab_bmo_AdjustmentsForNetIncreaseDecreaseInOtherItemsAndAccrualsNet" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CorporateDebtMember_019ce237-ef22-7c2d-a385-886e73c4bfad_terseLabel_en-US" xlink:label="lab_bmo_CorporateDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Corporate debt</link:label>
    <link:label id="lab_bmo_CorporateDebtMember_label_en-US" xlink:label="lab_bmo_CorporateDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate Debt [member]</link:label>
    <link:label id="lab_bmo_CorporateDebtMember_documentation_en-US" xlink:label="lab_bmo_CorporateDebtMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate debt.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CorporateDebtMember" xlink:href="bmo-20260430.xsd#bmo_CorporateDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CorporateDebtMember" xlink:to="lab_bmo_CorporateDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedMember_019ce237-ef22-7297-91c1-41bc9f68d2db_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts issued</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsIssuedMember_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsIssuedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts issued [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsIssuedMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsIssuedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsIssuedMember" xlink:to="lab_ifrs-full_InsuranceContractsIssuedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_019ce237-ee59-7924-85da-1a77ed057bad_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of financial instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:to="lab_ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsTable_019ce237-ef22-79cd-9a87-d6a76a03ffd9_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about business combination [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfBusinessCombinationsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about business combination [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfBusinessCombinationsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:to="lab_ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DownsideScenariosMember_019ce237-ef22-72de-88bb-2f0c8667aea3_terseLabel_en-US" xlink:label="lab_bmo_DownsideScenariosMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Downside</link:label>
    <link:label id="lab_bmo_DownsideScenariosMember_label_en-US" xlink:label="lab_bmo_DownsideScenariosMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Downside Scenarios [Member]</link:label>
    <link:label id="lab_bmo_DownsideScenariosMember_documentation_en-US" xlink:label="lab_bmo_DownsideScenariosMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Downside scenarios.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DownsideScenariosMember" xlink:href="bmo-20260430.xsd#bmo_DownsideScenariosMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DownsideScenariosMember" xlink:to="lab_bmo_DownsideScenariosMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets_019ce237-ee59-71ee-ab09-92c507426d0d_verboseLabel_en-US" xlink:label="lab_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loan originations</link:label>
    <link:label id="lab_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Origination Of Allowance Account For Credit Losses Of Financial Assets</link:label>
    <link:label id="lab_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets_documentation_en-US" xlink:label="lab_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loan origination of allowance account for credit losses of financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_bmo_LoanOriginationOfAllowanceAccountForCreditLossesOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ExceptionallyLowProbabilityOfDefaultMember_019ce237-ef22-7455-9e4c-bb7221807de0_terseLabel_en-US" xlink:label="lab_bmo_ExceptionallyLowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exceptionally low</link:label>
    <link:label id="lab_bmo_ExceptionallyLowProbabilityOfDefaultMember_label_en-US" xlink:label="lab_bmo_ExceptionallyLowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exceptionally low probability of default [member]</link:label>
    <link:label id="lab_bmo_ExceptionallyLowProbabilityOfDefaultMember_documentation_en-US" xlink:label="lab_bmo_ExceptionallyLowProbabilityOfDefaultMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exceptionally low probability of default.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ExceptionallyLowProbabilityOfDefaultMember" xlink:href="bmo-20260430.xsd#bmo_ExceptionallyLowProbabilityOfDefaultMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ExceptionallyLowProbabilityOfDefaultMember" xlink:to="lab_bmo_ExceptionallyLowProbabilityOfDefaultMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock_019ce237-ef22-7b8a-84a3-5ce8f1e05ab5_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Continuity in Loss Allowance by Each Product Type</link:label>
    <link:label id="lab_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed continuity information about loss allowance by each product type [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of detailed continuity information about loss allowance by each product type.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock" xlink:to="lab_bmo_DisclosureOfDetailedContinuityInformationAboutLossAllowanceByEachProductTypeTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_019ce237-efb6-7381-a2d1-c36a603724d1_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest received in the period</link:label>
    <link:label id="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities_label_en-US" xlink:label="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest received, classified as operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="lab_ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReductionOfIssuedCapital_019ce237-ef22-751d-9e2c-1177964973c0_negatedLabel_en-US" xlink:label="lab_ifrs-full_ReductionOfIssuedCapital" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Redeemed during the period</link:label>
    <link:label id="lab_ifrs-full_ReductionOfIssuedCapital_label_en-US" xlink:label="lab_ifrs-full_ReductionOfIssuedCapital" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reduction of issued capital</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReductionOfIssuedCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReductionOfIssuedCapital"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReductionOfIssuedCapital" xlink:to="lab_ifrs-full_ReductionOfIssuedCapital" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SubordinatedDebtMember_019ce237-efb6-7b44-af13-d612678eabad_terseLabel_en-US" xlink:label="lab_bmo_SubordinatedDebtMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subordinated Debt</link:label>
    <link:label id="lab_bmo_SubordinatedDebtMember_label_en-US" xlink:label="lab_bmo_SubordinatedDebtMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated Debt [Member]</link:label>
    <link:label id="lab_bmo_SubordinatedDebtMember_documentation_en-US" xlink:label="lab_bmo_SubordinatedDebtMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Subordinated Debt</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SubordinatedDebtMember" xlink:href="bmo-20260430.xsd#bmo_SubordinatedDebtMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SubordinatedDebtMember" xlink:to="lab_bmo_SubordinatedDebtMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss_019ce237-ef21-7140-a532-d2ac867df8b2_terseLabel_en-US" xlink:label="lab_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FVTPL loans</link:label>
    <link:label id="lab_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss_label_en-US" xlink:label="lab_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans and Receivables Carried at Fair Value Through Profit or Loss</link:label>
    <link:label id="lab_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss_documentation_en-US" xlink:label="lab_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans and receivables carried at fair value through profit or loss.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss" xlink:href="bmo-20260430.xsd#bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss" xlink:to="lab_bmo_LoansAndReceivablesCarriedAtFairValueThroughProfitOrLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LongtermDebtInstrumentsDomain_019ce237-ef22-7c16-9f31-64e91cb7f1a0_terseLabel_en-US" xlink:label="lab_bmo_LongtermDebtInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LongTerm Debt Instruments [Domain]</link:label>
    <link:label id="lab_bmo_LongtermDebtInstrumentsDomain_label_en-US" xlink:label="lab_bmo_LongtermDebtInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LongTerm Debt Instruments [Domain]</link:label>
    <link:label id="lab_bmo_LongtermDebtInstrumentsDomain_documentation_en-US" xlink:label="lab_bmo_LongtermDebtInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">LongTerm Debt Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LongtermDebtInstrumentsDomain" xlink:href="bmo-20260430.xsd#bmo_LongtermDebtInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LongtermDebtInstrumentsDomain" xlink:to="lab_bmo_LongtermDebtInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff_019ce237-ee59-7227-8eb5-a7465b70909b_terseLabel_en-US" xlink:label="lab_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of days for which the loan receivable is overdue for the loans to be written off</link:label>
    <link:label id="lab_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff_label_en-US" xlink:label="lab_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Days For Which The Loan Receivable Is Overdue For The Loans To Be Written Off</link:label>
    <link:label id="lab_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff_documentation_en-US" xlink:label="lab_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of days for which the loan receivable is overdue for the loans to be written off.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff" xlink:href="bmo-20260430.xsd#bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff" xlink:to="lab_bmo_NumberOfDaysForWhichTheLoanReceivableIsOverdueForTheLoansToBeWrittenOff" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_WealthManagementMember_019ce237-ef22-7a04-81fe-5f4baa6b8185_verboseLabel_en-US" xlink:label="lab_bmo_WealthManagementMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Wealth Management</link:label>
    <link:label id="lab_bmo_WealthManagementMember_label_en-US" xlink:label="lab_bmo_WealthManagementMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Wealth management [member]</link:label>
    <link:label id="lab_bmo_WealthManagementMember_documentation_en-US" xlink:label="lab_bmo_WealthManagementMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Wealth management.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_WealthManagementMember" xlink:href="bmo-20260430.xsd#bmo_WealthManagementMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_WealthManagementMember" xlink:to="lab_bmo_WealthManagementMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember_019ce237-ef22-7b9f-aa0b-070991ca3d14_terseLabel_en-US" xlink:label="lab_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest expense for liabilities carried at fair value</link:label>
    <link:label id="lab_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember_label_en-US" xlink:label="lab_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense for Liabilities Carried at Fair Value [Member]</link:label>
    <link:label id="lab_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember_documentation_en-US" xlink:label="lab_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest Expense for Liabilities Carried at Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember" xlink:href="bmo-20260430.xsd#bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember" xlink:to="lab_bmo_InterestExpenseForLiabilitiesCarriedAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProductsAndServicesDomain_019ce237-ee59-79a8-b7e2-f6a8b139dd12_terseLabel_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Products and services [domain]</link:label>
    <link:label id="lab_ifrs-full_ProductsAndServicesDomain_label_en-US" xlink:label="lab_ifrs-full_ProductsAndServicesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Products and services [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProductsAndServicesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProductsAndServicesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProductsAndServicesDomain" xlink:to="lab_ifrs-full_ProductsAndServicesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_019ce237-ef22-7e0e-b743-8e40477843cd_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Operating Segments</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain_019e1a30-9585-7fad-b622-f2bb91509aa7_terseLabel_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries [domain]</link:label>
    <link:label id="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain_label_en-US" xlink:label="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsidiaries [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:to="lab_ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageShares_019ce237-ef22-770d-ac7c-a106d474a960_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average number of common shares outstanding (in shares)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageShares_019ce237-ef22-70cc-ab91-bdcd42f946b7_verboseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Weighted-average number of common shares outstanding (in shares)</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageShares_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average number of ordinary shares used in calculating basic earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_WeightedAverageShares" xlink:to="lab_ifrs-full_WeightedAverageShares" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDepositsLineItems_019ce237-ef22-79d1-932b-848bc1df9844_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDepositsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposits [Line Items]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsLineItems_label_en-US" xlink:label="lab_bmo_DisclosureOfDepositsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposits [Line Items]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsLineItems_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDepositsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure Of Deposits [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDepositsLineItems" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDepositsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDepositsLineItems" xlink:to="lab_bmo_DisclosureOfDepositsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TotalLossAbsorbingCapacityLeverageRatio_019ce237-ef22-71af-a4a3-7df4b3d8c411_terseLabel_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacityLeverageRatio" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TLAC Leverage Ratio</link:label>
    <link:label id="lab_bmo_TotalLossAbsorbingCapacityLeverageRatio_label_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacityLeverageRatio" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total Loss Absorbing Capacity Leverage Ratio</link:label>
    <link:label id="lab_bmo_TotalLossAbsorbingCapacityLeverageRatio_documentation_en-US" xlink:label="lab_bmo_TotalLossAbsorbingCapacityLeverageRatio" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total loss absorbing capacity leverage ratio.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TotalLossAbsorbingCapacityLeverageRatio" xlink:href="bmo-20260430.xsd#bmo_TotalLossAbsorbingCapacityLeverageRatio"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TotalLossAbsorbingCapacityLeverageRatio" xlink:to="lab_bmo_TotalLossAbsorbingCapacityLeverageRatio" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LiabilitiesForIncurredClaimsThatAriseFromContractsWithinScopeOfIFRS17_019ce237-efb6-7ac4-b7f2-07f39253db1f_terseLabel_en-US" xlink:label="lab_ifrs-full_LiabilitiesForIncurredClaimsThatAriseFromContractsWithinScopeOfIFRS17" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities for incurred claims</link:label>
    <link:label id="lab_ifrs-full_LiabilitiesForIncurredClaimsThatAriseFromContractsWithinScopeOfIFRS17_label_en-US" xlink:label="lab_ifrs-full_LiabilitiesForIncurredClaimsThatAriseFromContractsWithinScopeOfIFRS17" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities for incurred claims that arise from contracts within scope of IFRS 17</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesForIncurredClaimsThatAriseFromContractsWithinScopeOfIFRS17" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesForIncurredClaimsThatAriseFromContractsWithinScopeOfIFRS17"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesForIncurredClaimsThatAriseFromContractsWithinScopeOfIFRS17" xlink:to="lab_ifrs-full_LiabilitiesForIncurredClaimsThatAriseFromContractsWithinScopeOfIFRS17" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory_019ce237-ee59-78b5-92e7-d5f583f8f385_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Summary of Classes of Preferred and Common Shares Outstanding</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:to="lab_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CapitalConservationBufferPercentage_019ce237-ef22-7f11-bec6-33c8672e212a_terseLabel_en-US" xlink:label="lab_bmo_CapitalConservationBufferPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capital conservation buffer, percentage</link:label>
    <link:label id="lab_bmo_CapitalConservationBufferPercentage_label_en-US" xlink:label="lab_bmo_CapitalConservationBufferPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capital conservation buffer, percentage</link:label>
    <link:label id="lab_bmo_CapitalConservationBufferPercentage_documentation_en-US" xlink:label="lab_bmo_CapitalConservationBufferPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Capital conservation buffer, percentage.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CapitalConservationBufferPercentage" xlink:href="bmo-20260430.xsd#bmo_CapitalConservationBufferPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CapitalConservationBufferPercentage" xlink:to="lab_bmo_CapitalConservationBufferPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceForCreditLossesRelatedToLoansMember_019ce237-ef22-7a6a-9c02-531b778d0771_terseLabel_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesRelatedToLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Allowance for credit losses related to loans</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesRelatedToLoansMember_label_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesRelatedToLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance for credit losses related to loans [Member]</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesRelatedToLoansMember_documentation_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesRelatedToLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance for credit losses related to loans [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceForCreditLossesRelatedToLoansMember" xlink:href="bmo-20260430.xsd#bmo_AllowanceForCreditLossesRelatedToLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceForCreditLossesRelatedToLoansMember" xlink:to="lab_bmo_AllowanceForCreditLossesRelatedToLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory_019ce237-ef22-7928-a844-3d6f3d9e8d0a_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of the Insurance Liability by Remaining Coverage and Incurred Claims</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ClassBSeriesFortyFourPreferredSharesMember_019ce237-ef22-70d2-8d00-c150e0d7553e_terseLabel_en-US" xlink:label="lab_bmo_ClassBSeriesFortyFourPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Class B &#8211; Series 44</link:label>
    <link:label id="lab_bmo_ClassBSeriesFortyFourPreferredSharesMember_label_en-US" xlink:label="lab_bmo_ClassBSeriesFortyFourPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class B Series Forty Four Preferred Shares [Member]</link:label>
    <link:label id="lab_bmo_ClassBSeriesFortyFourPreferredSharesMember_documentation_en-US" xlink:label="lab_bmo_ClassBSeriesFortyFourPreferredSharesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Class B Series Forty Four Preferred Shares.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ClassBSeriesFortyFourPreferredSharesMember" xlink:href="bmo-20260430.xsd#bmo_ClassBSeriesFortyFourPreferredSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ClassBSeriesFortyFourPreferredSharesMember" xlink:to="lab_bmo_ClassBSeriesFortyFourPreferredSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery_019ce237-ef22-77e3-8342-5d51e94cacc4_totalLabel_en-US" xlink:label="lab_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total pension and other employee future benefit expenses recognized in our Consolidated Statement of Income</link:label>
    <link:label id="lab_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery_label_en-US" xlink:label="lab_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pension And Other Employee Future Benefit Expenses Recovery</link:label>
    <link:label id="lab_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery_documentation_en-US" xlink:label="lab_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Pension and other employee future benefit expenses (recovery).</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery" xlink:href="bmo-20260430.xsd#bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery" xlink:to="lab_bmo_PensionAndOtherEmployeeFutureBenefitExpensesRecovery" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue_019ce237-ee59-7792-b66c-87b775908b90_terseLabel_en-US" xlink:label="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">FVTPL securities</link:label>
    <link:label id="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue_label_en-US" xlink:label="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Trading Securities At Fair Value Through Profit Or Loss Non Interest Revenue</link:label>
    <link:label id="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue_documentation_en-US" xlink:label="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non Trading Securities At Fair Value Through Profit Or Loss Non Interest Revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue" xlink:href="bmo-20260430.xsd#bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue" xlink:to="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLossNonInterestRevenue" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonUsdNonCadMember_019ce237-ee59-7a36-a0e9-64e7e46ffc3f_terseLabel_en-US" xlink:label="lab_bmo_NonUsdNonCadMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non USD Non CAD</link:label>
    <link:label id="lab_bmo_NonUsdNonCadMember_label_en-US" xlink:label="lab_bmo_NonUsdNonCadMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non USD Non CAD [Member]</link:label>
    <link:label id="lab_bmo_NonUsdNonCadMember_documentation_en-US" xlink:label="lab_bmo_NonUsdNonCadMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">NonUSD NonCAD.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonUsdNonCadMember" xlink:href="bmo-20260430.xsd#bmo_NonUsdNonCadMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonUsdNonCadMember" xlink:to="lab_bmo_NonUsdNonCadMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansDomain_019ce237-ef22-7a4e-8915-7ef13fd56ea9_terseLabel_en-US" xlink:label="lab_ifrs-full_DefinedBenefitPlansDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined benefit plans [domain]</link:label>
    <link:label id="lab_ifrs-full_DefinedBenefitPlansDomain_label_en-US" xlink:label="lab_ifrs-full_DefinedBenefitPlansDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Defined benefit plans [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DefinedBenefitPlansDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DefinedBenefitPlansDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DefinedBenefitPlansDomain" xlink:to="lab_ifrs-full_DefinedBenefitPlansDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestIncomeExpenseNet1_019ce237-ef22-7c33-9493-f96d06bd0ab3_totalLabel_en-US" xlink:label="lab_bmo_InterestIncomeExpenseNet1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Interest Income</link:label>
    <link:label id="lab_bmo_InterestIncomeExpenseNet1_label_en-US" xlink:label="lab_bmo_InterestIncomeExpenseNet1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income expense net1</link:label>
    <link:label id="lab_bmo_InterestIncomeExpenseNet1_documentation_en-US" xlink:label="lab_bmo_InterestIncomeExpenseNet1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest income (expense), net</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestIncomeExpenseNet1" xlink:href="bmo-20260430.xsd#bmo_InterestIncomeExpenseNet1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestIncomeExpenseNet1" xlink:to="lab_bmo_InterestIncomeExpenseNet1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_019ce237-ef22-7393-a1b0-ab266c8607a1_terseLabel_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of share options exercisable in share-based payment arrangement (in shares)</link:label>
    <link:label id="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_label_en-US" xlink:label="lab_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number of share options exercisable in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement"/>
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    <link:label id="lab_ifrs-full_BorrowingsInterestRate_019ce237-ef21-7198-92dc-d625bc40507a_terseLabel_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:label id="lab_ifrs-full_BorrowingsInterestRate_label_en-US" xlink:label="lab_ifrs-full_BorrowingsInterestRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BorrowingsInterestRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsInterestRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BorrowingsInterestRate" xlink:to="lab_ifrs-full_BorrowingsInterestRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_019ce237-efb6-76e2-a304-dfeca43c504c_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets_019ce237-ef22-7003-a027-e337a46d144f_terseLabel_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risk-Weighted Assets</link:label>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets_label_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common equity tier one capital ratio risk weighted assets</link:label>
    <link:label id="lab_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets_documentation_en-US" xlink:label="lab_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Common equity tier one capital ratio risk weighted assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets" xlink:href="bmo-20260430.xsd#bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets" xlink:to="lab_bmo_CommonEquityTierOneCapitalRatioRiskWeightedAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_019ce237-ef22-7975-86da-641b9b70db36_totalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net increase (decrease) in Cash and Cash Equivalents</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in cash and cash equivalents after effect of exchange rate changes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_UnemploymentRate_019ce237-efb6-7455-82cb-057f003d5346_terseLabel_en-US" xlink:label="lab_bmo_UnemploymentRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unemployment rates</link:label>
    <link:label id="lab_bmo_UnemploymentRate_label_en-US" xlink:label="lab_bmo_UnemploymentRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unemployment rate</link:label>
    <link:label id="lab_bmo_UnemploymentRate_documentation_en-US" xlink:label="lab_bmo_UnemploymentRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Unemployment rate.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_UnemploymentRate" xlink:href="bmo-20260430.xsd#bmo_UnemploymentRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_UnemploymentRate" xlink:to="lab_bmo_UnemploymentRate" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoansAbstract_019ce237-efb6-7ef6-8574-3be3e04490d7_verboseLabel_en-US" xlink:label="lab_bmo_LoansAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Loans (Note 3)</link:label>
    <link:label id="lab_bmo_LoansAbstract_019ce237-efb6-7757-9ecc-238f309c5c1d_terseLabel_en-US" xlink:label="lab_bmo_LoansAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans</link:label>
    <link:label id="lab_bmo_LoansAbstract_label_en-US" xlink:label="lab_bmo_LoansAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans [abstract]</link:label>
    <link:label id="lab_bmo_LoansAbstract_documentation_en-US" xlink:label="lab_bmo_LoansAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansAbstract" xlink:href="bmo-20260430.xsd#bmo_LoansAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoansAbstract" xlink:to="lab_bmo_LoansAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ComponentOfLoanReceivableAxis_019ce237-ef21-74f1-8d9e-cc7bd37ab94a_terseLabel_en-US" xlink:label="lab_bmo_ComponentOfLoanReceivableAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Component Of Loan Receivable [Axis]</link:label>
    <link:label id="lab_bmo_ComponentOfLoanReceivableAxis_label_en-US" xlink:label="lab_bmo_ComponentOfLoanReceivableAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Component Of Loan Receivable [Axis]</link:label>
    <link:label id="lab_bmo_ComponentOfLoanReceivableAxis_documentation_en-US" xlink:label="lab_bmo_ComponentOfLoanReceivableAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Component Of Loan Receivable [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ComponentOfLoanReceivableAxis" xlink:href="bmo-20260430.xsd#bmo_ComponentOfLoanReceivableAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ComponentOfLoanReceivableAxis" xlink:to="lab_bmo_ComponentOfLoanReceivableAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities_019ce237-ef22-7bfe-bbe4-14280db40bfc_verboseLabel_en-US" xlink:label="lab_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Realized gains (losses) from FVOCI securities</link:label>
    <link:label id="lab_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities_label_en-US" xlink:label="lab_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Realized Gains From Fair Value Through Other Comprehensive Income Securities</link:label>
    <link:label id="lab_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities_documentation_en-US" xlink:label="lab_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Realized gains from fair value through other comprehensive income securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities" xlink:href="bmo-20260430.xsd#bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities" xlink:to="lab_bmo_RealizedGainsFromFairValueThroughOtherComprehensiveIncomeSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax_019e6580-8762-73ce-9dc3-e55350b77190_negatedLabel_en-US" xlink:label="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Charge recognized on assets reclassified to held for sale, after tax</link:label>
    <link:label id="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax_label_en-US" xlink:label="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected Impact Of Assets Reclassified To Held For Sale, After Tax</link:label>
    <link:label id="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax_documentation_en-US" xlink:label="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expected Impact Of Assets Reclassified To Held For Sale, After Tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax" xlink:href="bmo-20260430.xsd#bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax" xlink:to="lab_bmo_ExpectedImpactOfAssetsReclassifiedToHeldForSaleAfterTax" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities_019ce237-ee59-784e-b28e-36055b24c300_terseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance-related liabilities</link:label>
    <link:label id="lab_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities_label_en-US" xlink:label="lab_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Increase Decrease In Insurance Related Liabilities</link:label>
    <link:label id="lab_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for increase decrease in insurance related liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities" xlink:to="lab_bmo_AdjustmentsForIncreaseDecreaseInInsuranceRelatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_019ce237-ef22-7328-a02a-7920ff0d7577_verboseLabel_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Subordinated Debt (Note 4)</link:label>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_019ce237-ef22-798b-90dd-2cc3e70c43e1_terseLabel_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subordinated debt</link:label>
    <link:label id="lab_ifrs-full_SubordinatedLiabilities_label_en-US" xlink:label="lab_ifrs-full_SubordinatedLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subordinated liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SubordinatedLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SubordinatedLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SubordinatedLiabilities" xlink:to="lab_ifrs-full_SubordinatedLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_019ce237-ef21-7f08-af91-ebf7b97d5ac7_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_019ce237-ee59-7742-8801-d40e58dd18ce_terseLabel_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee compensation</link:label>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_label_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee benefits expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EmployeeBenefitsExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_ifrs-full_EmployeeBenefitsExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_019ce237-ef22-7657-b2e8-ee1fad820a75_verboseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unrealized gains on hedges of net foreign operations</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_019ce237-ef22-776a-b7fa-a3978dd22b6d_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unrealized gains on hedges of net foreign operations</link:label>
    <link:label id="lab_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_label_en-US" xlink:label="lab_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:to="lab_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CounterpartiesAxis_019e17fc-0d10-7e1b-af3b-3fbdc8267694_terseLabel_en-US" xlink:label="lab_ifrs-full_CounterpartiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Counterparties [axis]</link:label>
    <link:label id="lab_ifrs-full_CounterpartiesAxis_label_en-US" xlink:label="lab_ifrs-full_CounterpartiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparties [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CounterpartiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CounterpartiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CounterpartiesAxis" xlink:to="lab_ifrs-full_CounterpartiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ConsumerLoans_019ce237-ef21-7c78-ad56-962ce63f83a9_verboseLabel_en-US" xlink:label="lab_ifrs-full_ConsumerLoans" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Consumer instalment and other personal</link:label>
    <link:label id="lab_ifrs-full_ConsumerLoans_label_en-US" xlink:label="lab_ifrs-full_ConsumerLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans to consumers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ConsumerLoans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConsumerLoans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConsumerLoans" xlink:to="lab_ifrs-full_ConsumerLoans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_019ce237-ef22-735d-a9ed-34e13bd3c83f_verboseLabel_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amortization of intangible assets</link:label>
    <link:label id="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_label_en-US" xlink:label="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortisation, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="lab_ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestExpenseOnSubordinatedDebtInstruments_019ce237-ef22-7f54-914b-cde5af7625ca_terseLabel_en-US" xlink:label="lab_bmo_InterestExpenseOnSubordinatedDebtInstruments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subordinated debt</link:label>
    <link:label id="lab_bmo_InterestExpenseOnSubordinatedDebtInstruments_label_en-US" xlink:label="lab_bmo_InterestExpenseOnSubordinatedDebtInstruments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Expense On Subordinated Debt Instruments</link:label>
    <link:label id="lab_bmo_InterestExpenseOnSubordinatedDebtInstruments_documentation_en-US" xlink:label="lab_bmo_InterestExpenseOnSubordinatedDebtInstruments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest expense on subordinated debt instruments.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestExpenseOnSubordinatedDebtInstruments" xlink:href="bmo-20260430.xsd#bmo_InterestExpenseOnSubordinatedDebtInstruments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestExpenseOnSubordinatedDebtInstruments" xlink:to="lab_bmo_InterestExpenseOnSubordinatedDebtInstruments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_019ce237-ef22-732d-83bb-a6e1391d3bd2_terseLabel_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Preferred Shares &#8211; Classified as Equity</link:label>
    <link:label id="lab_ifrs-full_PreferenceSharesMember_label_en-US" xlink:label="lab_ifrs-full_PreferenceSharesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preference shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PreferenceSharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PreferenceSharesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PreferenceSharesMember" xlink:to="lab_ifrs-full_PreferenceSharesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherMiscellaneousLiabilities_019ce237-ef22-7739-9401-eeaeeaa346de_totalLabel_en-US" xlink:label="lab_bmo_OtherMiscellaneousLiabilities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other Liabilities</link:label>
    <link:label id="lab_bmo_OtherMiscellaneousLiabilities_label_en-US" xlink:label="lab_bmo_OtherMiscellaneousLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other miscellaneous liabilities</link:label>
    <link:label id="lab_bmo_OtherMiscellaneousLiabilities_documentation_en-US" xlink:label="lab_bmo_OtherMiscellaneousLiabilities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other miscellaneous liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherMiscellaneousLiabilities" xlink:href="bmo-20260430.xsd#bmo_OtherMiscellaneousLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherMiscellaneousLiabilities" xlink:to="lab_bmo_OtherMiscellaneousLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_019ce237-ef22-7adf-9661-1721706c93e3_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_019ce237-ef22-7e50-bc04-26bb2da49071_terseLabel_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_label_en-US" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_StatementOfChangesInEquityTable" xlink:to="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BorrowingsPeriodicPrincipalPaymentPeriod_019ce237-efb6-7ba1-baef-01737e1de0c8_terseLabel_en-US" xlink:label="lab_bmo_BorrowingsPeriodicPrincipalPaymentPeriod" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Periodic payment, period</link:label>
    <link:label id="lab_bmo_BorrowingsPeriodicPrincipalPaymentPeriod_label_en-US" xlink:label="lab_bmo_BorrowingsPeriodicPrincipalPaymentPeriod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Periodic Principal Payment, Period</link:label>
    <link:label id="lab_bmo_BorrowingsPeriodicPrincipalPaymentPeriod_documentation_en-US" xlink:label="lab_bmo_BorrowingsPeriodicPrincipalPaymentPeriod" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Periodic Principal Payment, Period</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BorrowingsPeriodicPrincipalPaymentPeriod" xlink:href="bmo-20260430.xsd#bmo_BorrowingsPeriodicPrincipalPaymentPeriod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BorrowingsPeriodicPrincipalPaymentPeriod" xlink:to="lab_bmo_BorrowingsPeriodicPrincipalPaymentPeriod" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PayableToBrokersDealersAndClients_019ce237-ee59-7e01-9ffa-02619213dae1_terseLabel_en-US" xlink:label="lab_bmo_PayableToBrokersDealersAndClients" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Payable to brokers, dealers and clients</link:label>
    <link:label id="lab_bmo_PayableToBrokersDealersAndClients_label_en-US" xlink:label="lab_bmo_PayableToBrokersDealersAndClients" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payable To Brokers Dealers And Clients</link:label>
    <link:label id="lab_bmo_PayableToBrokersDealersAndClients_documentation_en-US" xlink:label="lab_bmo_PayableToBrokersDealersAndClients" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Payable to brokers, dealers and clients.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PayableToBrokersDealersAndClients" xlink:href="bmo-20260430.xsd#bmo_PayableToBrokersDealersAndClients"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PayableToBrokersDealersAndClients" xlink:to="lab_bmo_PayableToBrokersDealersAndClients" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForLiabilitiesHeldAtEndOfPeriodFairValueMeasurement_019ce237-ef22-7770-ae11-7d8464d865df_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForLiabilitiesHeldAtEndOfPeriodFairValueMeasurement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in unrealized gains (losses) recorded in income for instruments still held</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForLiabilitiesHeldAtEndOfPeriodFairValueMeasurement_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForLiabilitiesHeldAtEndOfPeriodFairValueMeasurement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss attributable to change in unrealised gains or losses for liabilities held at end of period, fair value measurement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForLiabilitiesHeldAtEndOfPeriodFairValueMeasurement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForLiabilitiesHeldAtEndOfPeriodFairValueMeasurement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForLiabilitiesHeldAtEndOfPeriodFairValueMeasurement" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForLiabilitiesHeldAtEndOfPeriodFairValueMeasurement" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans_019ce237-ef22-70a3-893f-8aba41f88573_negatedTerseLabel_en-US" xlink:label="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Provision for Credit Losses (Note 3)</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans_019ce237-ef22-7d7c-91d2-e661c1cc87b3_negatedLabel_en-US" xlink:label="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Total provision for credit losses</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans_label_en-US" xlink:label="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase Decrease In Allowance Account For Credit Losses Of Loans</link:label>
    <link:label id="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans_documentation_en-US" xlink:label="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Increase (decrease) in allowance account for credit losses of loans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:href="bmo-20260430.xsd#bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:to="lab_bmo_IncreaseDecreaseInAllowanceAccountForCreditLossesOfLoans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_019ce237-ef22-7467-ade9-e12cc829972f_terseLabel_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Change in fair value included in earnings</link:label>
    <link:label id="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities_label_en-US" xlink:label="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:to="lab_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PerformingLoansStageOneScenarioMember_019ce237-efb6-7a88-b679-581977986edc_terseLabel_en-US" xlink:label="lab_bmo_PerformingLoansStageOneScenarioMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Performing loans, stage one scenario</link:label>
    <link:label id="lab_bmo_PerformingLoansStageOneScenarioMember_label_en-US" xlink:label="lab_bmo_PerformingLoansStageOneScenarioMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Performing loans, stage one scenario [member]</link:label>
    <link:label id="lab_bmo_PerformingLoansStageOneScenarioMember_documentation_en-US" xlink:label="lab_bmo_PerformingLoansStageOneScenarioMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Performing loans, stage one scenario [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PerformingLoansStageOneScenarioMember" xlink:href="bmo-20260430.xsd#bmo_PerformingLoansStageOneScenarioMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PerformingLoansStageOneScenarioMember" xlink:to="lab_bmo_PerformingLoansStageOneScenarioMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_OtherAssetsRecognisedAsOfAcquisitionDate_019ce237-efb6-7ced-be52-414eebab4585_terseLabel_en-US" xlink:label="lab_bmo_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_bmo_OtherAssetsRecognisedAsOfAcquisitionDate_label_en-US" xlink:label="lab_bmo_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets Recognised As Of Acquisition Date</link:label>
    <link:label id="lab_bmo_OtherAssetsRecognisedAsOfAcquisitionDate_documentation_en-US" xlink:label="lab_bmo_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Assets Recognised As Of Acquisition Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:href="bmo-20260430.xsd#bmo_OtherAssetsRecognisedAsOfAcquisitionDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:to="lab_bmo_OtherAssetsRecognisedAsOfAcquisitionDate" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock_019ce237-ef22-7ded-8c61-a1ebd884465d_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Detailed Information About Amortized Cost Securities</link:label>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Detailed Information About Amortized Cost Securities Explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about amortized cost securities explanatory.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock" xlink:to="lab_bmo_DisclosureOfDetailedInformationAboutAmortizedCostSecuritiesExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract_019ce237-ef22-7234-a177-c2f8766c05ae_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [abstract]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of classes of share capital [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:to="lab_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember_019ce237-efb6-702b-81c8-25b46a5b88d0_terseLabel_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss) on Fair Value through OCI Securities, net of taxes</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember_label_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Other Comprehensive Income loss On Fair Value Through Other Comprehensive Income Securities Net Of Taxes [Member]</link:label>
    <link:label id="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember_documentation_en-US" xlink:label="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income loss on fair value through other comprehensive income securities net of taxes.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember" xlink:href="bmo-20260430.xsd#bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember" xlink:to="lab_bmo_AccumulatedOtherComprehensiveIncomeLossOnFairValueThroughOtherComprehensiveIncomeSecuritiesNetOfTaxesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AfterThirtyYearsMember_019ce237-ef21-7b1e-8ec9-b8502ad2bad7_terseLabel_en-US" xlink:label="lab_bmo_AfterThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ultimate</link:label>
    <link:label id="lab_bmo_AfterThirtyYearsMember_label_en-US" xlink:label="lab_bmo_AfterThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">After Thirty Years [Member]</link:label>
    <link:label id="lab_bmo_AfterThirtyYearsMember_documentation_en-US" xlink:label="lab_bmo_AfterThirtyYearsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">After thirty years.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AfterThirtyYearsMember" xlink:href="bmo-20260430.xsd#bmo_AfterThirtyYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AfterThirtyYearsMember" xlink:to="lab_bmo_AfterThirtyYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers_019ce237-ee59-7cba-8b1e-9be9ba512fe3_terseLabel_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans</link:label>
    <link:label id="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers_label_en-US" xlink:label="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on loans and advances to customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:to="lab_ifrs-full_InterestIncomeOnLoansAndAdvancesToCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StageTwoMember_019ce237-efb6-78be-b6b7-3775cea1ccd1_terseLabel_en-US" xlink:label="lab_bmo_StageTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stage 2</link:label>
    <link:label id="lab_bmo_StageTwoMember_label_en-US" xlink:label="lab_bmo_StageTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stage Two [Member]</link:label>
    <link:label id="lab_bmo_StageTwoMember_documentation_en-US" xlink:label="lab_bmo_StageTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stage Two [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StageTwoMember" xlink:href="bmo-20260430.xsd#bmo_StageTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StageTwoMember" xlink:to="lab_bmo_StageTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsAxis_019ce237-ef22-7aa4-9b9b-b28d49b12ec6_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:label id="lab_ifrs-full_SegmentsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsAxis" xlink:to="lab_ifrs-full_SegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NotRatedMember_019ce237-ef22-747d-847e-33fd3746b4e9_terseLabel_en-US" xlink:label="lab_bmo_NotRatedMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Not Rated</link:label>
    <link:label id="lab_bmo_NotRatedMember_label_en-US" xlink:label="lab_bmo_NotRatedMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not Rated [Member]</link:label>
    <link:label id="lab_bmo_NotRatedMember_documentation_en-US" xlink:label="lab_bmo_NotRatedMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Not Rated [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NotRatedMember" xlink:href="bmo-20260430.xsd#bmo_NotRatedMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NotRatedMember" xlink:to="lab_bmo_NotRatedMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ClassesOfAssetsDomain_019ce237-ef22-7f84-b382-af8721c1a8be_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of assets [domain]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_ClassesOfAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ClassesOfAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfAssetsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfAssetsDomain" xlink:to="lab_ifrs-full_ClassesOfAssetsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_019ce237-ef22-7c23-8e66-95e58d4bc161_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_PreciousMetalsAndOtherReceivablesAtFairValue_019ce237-ef22-7268-b01f-c81c9660c1aa_terseLabel_en-US" xlink:label="lab_bmo_PreciousMetalsAndOtherReceivablesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Assets</link:label>
    <link:label id="lab_bmo_PreciousMetalsAndOtherReceivablesAtFairValue_label_en-US" xlink:label="lab_bmo_PreciousMetalsAndOtherReceivablesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Precious Metals And Other Receivables At Fair Value</link:label>
    <link:label id="lab_bmo_PreciousMetalsAndOtherReceivablesAtFairValue_documentation_en-US" xlink:label="lab_bmo_PreciousMetalsAndOtherReceivablesAtFairValue" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Precious metals and other receivables at fair value.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_PreciousMetalsAndOtherReceivablesAtFairValue" xlink:href="bmo-20260430.xsd#bmo_PreciousMetalsAndOtherReceivablesAtFairValue"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_PreciousMetalsAndOtherReceivablesAtFairValue" xlink:to="lab_bmo_PreciousMetalsAndOtherReceivablesAtFairValue" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoansAssetHeldForSale_019ce237-efb6-7d67-adcd-e1537bd2e425_terseLabel_en-US" xlink:label="lab_bmo_LoansAssetHeldForSale" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans held for sale</link:label>
    <link:label id="lab_bmo_LoansAssetHeldForSale_label_en-US" xlink:label="lab_bmo_LoansAssetHeldForSale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Asset Held For Sale</link:label>
    <link:label id="lab_bmo_LoansAssetHeldForSale_documentation_en-US" xlink:label="lab_bmo_LoansAssetHeldForSale" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Loans Asset Held For Sale</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansAssetHeldForSale" xlink:href="bmo-20260430.xsd#bmo_LoansAssetHeldForSale"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoansAssetHeldForSale" xlink:to="lab_bmo_LoansAssetHeldForSale" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NotCarriedAtFairValueMember_019ce237-efb6-7f61-9ba6-78b8ff97cf7c_terseLabel_en-US" xlink:label="lab_bmo_NotCarriedAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Not Carried at Fair Value</link:label>
    <link:label id="lab_bmo_NotCarriedAtFairValueMember_label_en-US" xlink:label="lab_bmo_NotCarriedAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not Carried At Fair Value [Member]</link:label>
    <link:label id="lab_bmo_NotCarriedAtFairValueMember_documentation_en-US" xlink:label="lab_bmo_NotCarriedAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Not Carried At Fair Value [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NotCarriedAtFairValueMember" xlink:href="bmo-20260430.xsd#bmo_NotCarriedAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NotCarriedAtFairValueMember" xlink:to="lab_bmo_NotCarriedAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock_019ce237-ef21-7581-bcde-5c59d4f97f55_terseLabel_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Interest and Dividend Income and Gains on Securities</link:label>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure In Tabular Form Of Interest And Dividend Income On Securities And Gains On Securities In Respect Of Insurance Business Explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure in tabular form of interest and dividend income on securities and gains on securities in respect of insurance business.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock" xlink:to="lab_bmo_DisclosureInTabularFormOfInterestAndDividendIncomeOnSecuritiesAndGainsOnSecuritiesInRespectOfInsuranceBusinessExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfIncomeTaxAbstract_label_en-US" xlink:label="lab_bmo_DisclosureOfIncomeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of Income Tax [Abstract]</link:label>
    <link:label id="lab_bmo_DisclosureOfIncomeTaxAbstract_documentation_en-US" xlink:label="lab_bmo_DisclosureOfIncomeTaxAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of income taxes.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfIncomeTaxAbstract" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfIncomeTaxAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfIncomeTaxAbstract" xlink:to="lab_bmo_DisclosureOfIncomeTaxAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019ce237-ef22-7cb5-a774-807b5d5d160c_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net gains (losses) on remeasurement of own credit risk on financial liabilities designated at fair value</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_019ce237-ef22-780b-8324-87a7b92f8b76_verboseLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gains on remeasurement of own credit risk on financial liabilities designated at fair value</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BottomOfRangeMember_019ce237-ef22-7ab0-9e95-d5e7e33357e1_terseLabel_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Low</link:label>
    <link:label id="lab_ifrs-full_BottomOfRangeMember_label_en-US" xlink:label="lab_ifrs-full_BottomOfRangeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bottom of range [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BottomOfRangeMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BottomOfRangeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BottomOfRangeMember" xlink:to="lab_ifrs-full_BottomOfRangeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonInterestExpense1_019ce237-ef22-786a-978f-c43fcc3e343a_totalLabel_en-US" xlink:label="lab_bmo_NonInterestExpense1" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Non-Interest Expense</link:label>
    <link:label id="lab_bmo_NonInterestExpense1_label_en-US" xlink:label="lab_bmo_NonInterestExpense1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Interest Expense 1</link:label>
    <link:label id="lab_bmo_NonInterestExpense1_documentation_en-US" xlink:label="lab_bmo_NonInterestExpense1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non interest expense.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonInterestExpense1" xlink:href="bmo-20260430.xsd#bmo_NonInterestExpense1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonInterestExpense1" xlink:to="lab_bmo_NonInterestExpense1" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_BankSecuritiesCarryingAmount_019ce237-efb6-7973-aee4-e2ca28757ca0_totalLabel_en-US" xlink:label="lab_bmo_BankSecuritiesCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label id="lab_bmo_BankSecuritiesCarryingAmount_label_en-US" xlink:label="lab_bmo_BankSecuritiesCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank Securities Carrying Amount</link:label>
    <link:label id="lab_bmo_BankSecuritiesCarryingAmount_documentation_en-US" xlink:label="lab_bmo_BankSecuritiesCarryingAmount" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Bank securities carrying amount.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_BankSecuritiesCarryingAmount" xlink:href="bmo-20260430.xsd#bmo_BankSecuritiesCarryingAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_BankSecuritiesCarryingAmount" xlink:to="lab_bmo_BankSecuritiesCarryingAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember_019ce237-ee59-7249-b20d-dbdfafde3d91_terseLabel_en-US" xlink:label="lab_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">5.625% Limited Recourse Capital Notes, Series 2 (LRCNs, Series 2)</link:label>
    <link:label id="lab_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember_label_en-US" xlink:label="lab_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Five Point Six Two Five Percentage Limited Recourse Capital Notes Series Two [Member]</link:label>
    <link:label id="lab_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember_documentation_en-US" xlink:label="lab_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">5.625% Limited Recourse Capital Notes, Series 2 (Series 2 LRCNs).</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember" xlink:href="bmo-20260430.xsd#bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember" xlink:to="lab_bmo_FivePointSixTwoFivePercentageLimitedRecourseCapitalNotesSeriesTwoMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_019ce237-ef22-7531-82b6-72961d58ff26_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected share price volatility</link:label>
    <link:label id="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected volatility, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:to="lab_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_019ce237-efb6-7006-b75b-6dea21b68b4e_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">10 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than five years and not later than ten years [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:to="lab_ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_019ce237-efb6-7285-bdc9-c3f51a0f0725_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Amortized cost securities</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at amortised cost, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:to="lab_ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RecoveriesOnLoansPreviouslyWrittenOff_019ce237-efb6-7806-85ef-957c2c644a05_terseLabel_en-US" xlink:label="lab_ifrs-full_RecoveriesOnLoansPreviouslyWrittenOff" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Recoveries of previous write-offs</link:label>
    <link:label id="lab_ifrs-full_RecoveriesOnLoansPreviouslyWrittenOff_label_en-US" xlink:label="lab_ifrs-full_RecoveriesOnLoansPreviouslyWrittenOff" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Recoveries on loans previously written off</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RecoveriesOnLoansPreviouslyWrittenOff" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecoveriesOnLoansPreviouslyWrittenOff"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RecoveriesOnLoansPreviouslyWrittenOff" xlink:to="lab_ifrs-full_RecoveriesOnLoansPreviouslyWrittenOff" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DepositsAmortizedCostMember_019ce237-ee59-78ff-a257-761f976aed6a_terseLabel_en-US" xlink:label="lab_bmo_DepositsAmortizedCostMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total amortized cost deposits</link:label>
    <link:label id="lab_bmo_DepositsAmortizedCostMember_label_en-US" xlink:label="lab_bmo_DepositsAmortizedCostMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposits Amortized Cost [Member]</link:label>
    <link:label id="lab_bmo_DepositsAmortizedCostMember_documentation_en-US" xlink:label="lab_bmo_DepositsAmortizedCostMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Deposits Amortized Cost [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DepositsAmortizedCostMember" xlink:href="bmo-20260430.xsd#bmo_DepositsAmortizedCostMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DepositsAmortizedCostMember" xlink:to="lab_bmo_DepositsAmortizedCostMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CanadianGovernmentProvinciaMember_019ce237-ef22-7e54-ab78-0eaa0f9c64fe_verboseLabel_en-US" xlink:label="lab_bmo_CanadianGovernmentProvinciaMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Canadian provincial and municipal governments</link:label>
    <link:label id="lab_bmo_CanadianGovernmentProvinciaMember_label_en-US" xlink:label="lab_bmo_CanadianGovernmentProvinciaMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Canadian government provincia [member]</link:label>
    <link:label id="lab_bmo_CanadianGovernmentProvinciaMember_documentation_en-US" xlink:label="lab_bmo_CanadianGovernmentProvinciaMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Canadian government provincial.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CanadianGovernmentProvinciaMember" xlink:href="bmo-20260430.xsd#bmo_CanadianGovernmentProvinciaMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CanadianGovernmentProvinciaMember" xlink:to="lab_bmo_CanadianGovernmentProvinciaMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLoss_019ce237-ef22-7ad0-8daf-ca740eba021b_totalLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Income</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_019ce237-ef22-77f3-8a66-ce812f3833cb_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net Income</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_019ce237-ef22-7fe5-9a5d-87ae8418b608_verboseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income attributable to bank shareholders</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_label_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_019ce237-ef22-7212-9343-b78db3b6457f_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reclassification to earnings of (gains) during the period</link:label>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_019ce237-ef22-7b94-beb5-0e1f004aaa2b_negatedLabel_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Reclassification to earnings of (gains) during the period</link:label>
    <link:label id="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_label_en-US" xlink:label="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reclassification adjustments on financial assets measured at fair value through other comprehensive income, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:to="lab_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ReceivableFromBrokersDealersAndClients_019ce237-efb6-7e6b-8cda-865adf103f5b_terseLabel_en-US" xlink:label="lab_bmo_ReceivableFromBrokersDealersAndClients" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivable from brokers, dealers and clients</link:label>
    <link:label id="lab_bmo_ReceivableFromBrokersDealersAndClients_label_en-US" xlink:label="lab_bmo_ReceivableFromBrokersDealersAndClients" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Receivable From Brokers Dealers And Clients</link:label>
    <link:label id="lab_bmo_ReceivableFromBrokersDealersAndClients_documentation_en-US" xlink:label="lab_bmo_ReceivableFromBrokersDealersAndClients" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Receivable from brokers, dealers and clients.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ReceivableFromBrokersDealersAndClients" xlink:href="bmo-20260430.xsd#bmo_ReceivableFromBrokersDealersAndClients"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ReceivableFromBrokersDealersAndClients" xlink:to="lab_bmo_ReceivableFromBrokersDealersAndClients" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_019ce237-ef22-7c0a-9fbc-ff7b87e6ca01_totalLabel_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net change in unrealized gains (losses) on derivatives designated as cash flow hedges</link:label>
    <link:label id="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_label_en-US" xlink:label="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income, net of tax, cash flow hedges</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:to="lab_ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased_019ce237-ef22-7cde-8fab-50c0efa57ba3_terseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities sold but not yet purchased</link:label>
    <link:label id="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased_label_en-US" xlink:label="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Decrease Increase In Securities Sold But Not Yet Purchased</link:label>
    <link:label id="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Decrease Increase In Securities Sold But Not Yet Purchased</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased" xlink:to="lab_bmo_AdjustmentsForDecreaseIncreaseInSecuritiesSoldButNotYetPurchased" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory_019ce237-efb6-7833-a993-a754d6a0efce_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans and Allowance for Credit Losses</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of loans and advances to customers [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:to="lab_ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InsuranceInvestmentReturn_019ce237-ee59-70a3-9a97-a2a185d4b96d_terseLabel_en-US" xlink:label="lab_bmo_InsuranceInvestmentReturn" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment return</link:label>
    <link:label id="lab_bmo_InsuranceInvestmentReturn_label_en-US" xlink:label="lab_bmo_InsuranceInvestmentReturn" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Investment Return</link:label>
    <link:label id="lab_bmo_InsuranceInvestmentReturn_documentation_en-US" xlink:label="lab_bmo_InsuranceInvestmentReturn" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Insurance investment return.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InsuranceInvestmentReturn" xlink:href="bmo-20260430.xsd#bmo_InsuranceInvestmentReturn"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InsuranceInvestmentReturn" xlink:to="lab_bmo_InsuranceInvestmentReturn" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_019ce237-ef22-71e4-8d12-fdcad6720f22_terseLabel_en-US" xlink:label="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Expected dividend yield</link:label>
    <link:label id="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_label_en-US" xlink:label="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Expected dividend as percentage, share options granted</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:to="lab_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_019ce237-ee59-7d1d-a768-3c256e90090b_terseLabel_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Defined contribution expense</link:label>
    <link:label id="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_label_en-US" xlink:label="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Post-employment benefit expense, defined contribution plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:to="lab_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_019ce237-ee59-7233-ad5f-2506175b5e12_terseLabel_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exercise price</link:label>
    <link:label id="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019_label_en-US" xlink:label="lab_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Weighted average exercise price of share options granted in share-based payment arrangement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement2019"/>
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    <link:label id="lab_bmo_ConsumerInstallmentAndOtherPersonalLoansMember_019ce237-ef22-7667-9aca-bd345fa31122_terseLabel_en-US" xlink:label="lab_bmo_ConsumerInstallmentAndOtherPersonalLoansMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Loans: Consumer instalment and other personal</link:label>
    <link:label id="lab_bmo_ConsumerInstallmentAndOtherPersonalLoansMember_label_en-US" xlink:label="lab_bmo_ConsumerInstallmentAndOtherPersonalLoansMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consumer installment and other personal loans [member]</link:label>
    <link:label id="lab_bmo_ConsumerInstallmentAndOtherPersonalLoansMember_documentation_en-US" xlink:label="lab_bmo_ConsumerInstallmentAndOtherPersonalLoansMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Consumer installment and other personal loans.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_ConsumerInstallmentAndOtherPersonalLoansMember" xlink:href="bmo-20260430.xsd#bmo_ConsumerInstallmentAndOtherPersonalLoansMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_ConsumerInstallmentAndOtherPersonalLoansMember" xlink:to="lab_bmo_ConsumerInstallmentAndOtherPersonalLoansMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_019ce237-efb6-73a6-b581-624bf2ca4ec7_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_019ce237-ee59-7221-b541-6f165eb10a11_terseLabel_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Components of equity [domain]</link:label>
    <link:label id="lab_ifrs-full_ComponentsOfEquityDomain_label_en-US" xlink:label="lab_ifrs-full_ComponentsOfEquityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Components of equity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityDomain" xlink:to="lab_ifrs-full_ComponentsOfEquityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_BalancesOnTermDepositsFromCustomers_019ce237-ef22-70dd-a5aa-c2d0676fbddc_verboseLabel_en-US" xlink:label="lab_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Payable on a fixed date</link:label>
    <link:label id="lab_ifrs-full_BalancesOnTermDepositsFromCustomers_019ce237-ef22-72f6-a339-4830d9105974_terseLabel_en-US" xlink:label="lab_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deposits booked payable on a fixed date</link:label>
    <link:label id="lab_ifrs-full_BalancesOnTermDepositsFromCustomers_label_en-US" xlink:label="lab_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balances on term deposits from customers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BalancesOnTermDepositsFromCustomers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:to="lab_ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SubInvestmentGradeMember_019ce237-ef21-7eed-b7a1-93c9b5f4b850_terseLabel_en-US" xlink:label="lab_bmo_SubInvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sub-investment grade</link:label>
    <link:label id="lab_bmo_SubInvestmentGradeMember_label_en-US" xlink:label="lab_bmo_SubInvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sub investment grade [member]</link:label>
    <link:label id="lab_bmo_SubInvestmentGradeMember_documentation_en-US" xlink:label="lab_bmo_SubInvestmentGradeMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sub investment grade.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SubInvestmentGradeMember" xlink:href="bmo-20260430.xsd#bmo_SubInvestmentGradeMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SubInvestmentGradeMember" xlink:to="lab_bmo_SubInvestmentGradeMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_019ce237-ee59-7756-a62d-a2bfa0904de5_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="lab_ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DebenturesSeries20Member_019ce237-efb6-70fb-a6ab-4bc9990400bc_terseLabel_en-US" xlink:label="lab_bmo_DebenturesSeries20Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debentures Series 20</link:label>
    <link:label id="lab_bmo_DebenturesSeries20Member_label_en-US" xlink:label="lab_bmo_DebenturesSeries20Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debentures Series 20 [Member]</link:label>
    <link:label id="lab_bmo_DebenturesSeries20Member_documentation_en-US" xlink:label="lab_bmo_DebenturesSeries20Member" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debentures Series 20</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DebenturesSeries20Member" xlink:href="bmo-20260430.xsd#bmo_DebenturesSeries20Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DebenturesSeries20Member" xlink:to="lab_bmo_DebenturesSeries20Member" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllowanceForCreditLossesOnFinancialAssets_019ce237-efb6-7cff-9a89-02e6d621b772_verboseLabel_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Allowances for credit losses</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOnFinancialAssets_019ce237-efb6-7b30-bd3c-07dbec4bd494_periodStartLabel_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance as at beginning of period</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOnFinancialAssets_019ce237-efb6-7bf1-bfc3-b814be0dcdfb_periodEndLabel_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance as at end of period</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOnFinancialAssets_019ce237-efb6-7a3c-926d-f251b06154d2_terseLabel_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ACL</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOnFinancialAssets_label_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance For Credit Losses On Financial Assets</link:label>
    <link:label id="lab_bmo_AllowanceForCreditLossesOnFinancialAssets_documentation_en-US" xlink:label="lab_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Allowance for credit losses on financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_AllowanceForCreditLossesOnFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:to="lab_bmo_AllowanceForCreditLossesOnFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldMember_019ce237-efb6-70ac-828e-a6fd3bba2a3e_terseLabel_en-US" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reinsurance contracts held</link:label>
    <link:label id="lab_ifrs-full_ReinsuranceContractsHeldMember_label_en-US" xlink:label="lab_ifrs-full_ReinsuranceContractsHeldMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reinsurance contracts held [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReinsuranceContractsHeldMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReinsuranceContractsHeldMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ReinsuranceContractsHeldMember" xlink:to="lab_ifrs-full_ReinsuranceContractsHeldMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets_019ce237-ef22-7dc6-a440-2a26d96f1016_negatedLabel_en-US" xlink:label="lab_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Derecognitions and maturities</link:label>
    <link:label id="lab_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derecognitions and maturities allowance account for credit losses of financial assets</link:label>
    <link:label id="lab_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets_documentation_en-US" xlink:label="lab_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derecognitions and maturities allowance account for credit losses of financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_bmo_DerecognitionsAndMaturitiesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset_019ce237-ee59-73da-b1b3-65ad94b37cf3_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net finance expenses (income) from insurance contracts</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through insurance finance income or expenses, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LongtermDebtInstrumentsAxis_019ce237-ef22-79d0-ba7e-8e3fc76df0cf_terseLabel_en-US" xlink:label="lab_bmo_LongtermDebtInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LongTerm Debt Instruments [Axis]</link:label>
    <link:label id="lab_bmo_LongtermDebtInstrumentsAxis_label_en-US" xlink:label="lab_bmo_LongtermDebtInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LongTerm Debt Instruments [Axis]</link:label>
    <link:label id="lab_bmo_LongtermDebtInstrumentsAxis_documentation_en-US" xlink:label="lab_bmo_LongtermDebtInstrumentsAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">LongTerm Debt Instruments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LongtermDebtInstrumentsAxis" xlink:href="bmo-20260430.xsd#bmo_LongtermDebtInstrumentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LongtermDebtInstrumentsAxis" xlink:to="lab_bmo_LongtermDebtInstrumentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_019ce237-efb6-70bd-b7ca-317001111acf_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Segmentation</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of entity's operating segments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="lab_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentTaxAssets_019ce237-ee59-7db9-8890-19dac7b3ba43_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current tax assets</link:label>
    <link:label id="lab_ifrs-full_CurrentTaxAssets_label_en-US" xlink:label="lab_ifrs-full_CurrentTaxAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current tax assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTaxAssets" xlink:to="lab_ifrs-full_CurrentTaxAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SaleOrPurchaseOfTreasuryShares_019ce237-ef22-7a10-be3b-5cfaea40e59a_verboseLabel_en-US" xlink:label="lab_bmo_SaleOrPurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Treasury shares sold</link:label>
    <link:label id="lab_bmo_SaleOrPurchaseOfTreasuryShares_label_en-US" xlink:label="lab_bmo_SaleOrPurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale or Purchase of Treasury Shares</link:label>
    <link:label id="lab_bmo_SaleOrPurchaseOfTreasuryShares_documentation_en-US" xlink:label="lab_bmo_SaleOrPurchaseOfTreasuryShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sale or purchase of treasury&#160;shares.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SaleOrPurchaseOfTreasuryShares" xlink:href="bmo-20260430.xsd#bmo_SaleOrPurchaseOfTreasuryShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SaleOrPurchaseOfTreasuryShares" xlink:to="lab_bmo_SaleOrPurchaseOfTreasuryShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare_019ce237-ef22-747a-9f41-f5b06c761ac0_terseLabel_en-US" xlink:label="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends per common share (in canadian dollars per share)</link:label>
    <link:label id="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare_019ce237-ef22-7dd4-9b21-c954b61ad4a6_verboseLabel_en-US" xlink:label="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Dividends declared per share (in canadian dollars per share)</link:label>
    <link:label id="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare_label_en-US" xlink:label="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends recognised as distributions to owners per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:to="lab_ifrs-full_DividendsRecognisedAsDistributionsToOwnersPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AverageAssets_019ce237-ee59-78b3-85d7-84ddde015924_verboseLabel_en-US" xlink:label="lab_bmo_AverageAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Average assets</link:label>
    <link:label id="lab_bmo_AverageAssets_label_en-US" xlink:label="lab_bmo_AverageAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Average assets</link:label>
    <link:label id="lab_bmo_AverageAssets_documentation_en-US" xlink:label="lab_bmo_AverageAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Average assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AverageAssets" xlink:href="bmo-20260430.xsd#bmo_AverageAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AverageAssets" xlink:to="lab_bmo_AverageAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain_019ce237-ef22-7e14-bea2-d0781cb8c579_terseLabel_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Insurance contracts by remaining coverage and incurred claims [domain]</link:label>
    <link:label id="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain_label_en-US" xlink:label="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance contracts by remaining coverage and incurred claims [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain" xlink:to="lab_ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RangeDomain_019ce237-ef22-78e9-9db5-e497764b019b_terseLabel_en-US" xlink:label="lab_ifrs-full_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Range [domain]</link:label>
    <link:label id="lab_ifrs-full_RangeDomain_label_en-US" xlink:label="lab_ifrs-full_RangeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Range [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RangeDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangeDomain" xlink:to="lab_ifrs-full_RangeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember_019ce237-ef22-71ac-8fd4-e855da4b5137_terseLabel_en-US" xlink:label="lab_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">7.300% Limited Recourse Capital Notes, Series 5 (LRCNs, Series 5)</link:label>
    <link:label id="lab_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember_label_en-US" xlink:label="lab_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Seven Point Three Percentage Limited Recourse Capital Notes Series Five [Member]</link:label>
    <link:label id="lab_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember_documentation_en-US" xlink:label="lab_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Seven point three percentage limited recourse capital notes series five.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember" xlink:href="bmo-20260430.xsd#bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember" xlink:to="lab_bmo_SevenPointThreePercentageLimitedRecourseCapitalNotesSeriesFiveMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_019ce237-ef22-7bea-953f-c4e8f81c209b_terseLabel_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Retained Earnings</link:label>
    <link:label id="lab_ifrs-full_RetainedEarningsMember_label_en-US" xlink:label="lab_ifrs-full_RetainedEarningsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarningsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarningsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RetainedEarningsMember" xlink:to="lab_ifrs-full_RetainedEarningsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonInterestExpenseOther_019ce237-ef22-71ae-a467-078bbfbd4d8a_terseLabel_en-US" xlink:label="lab_bmo_NonInterestExpenseOther" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_bmo_NonInterestExpenseOther_label_en-US" xlink:label="lab_bmo_NonInterestExpenseOther" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non Interest Expense Other</link:label>
    <link:label id="lab_bmo_NonInterestExpenseOther_documentation_en-US" xlink:label="lab_bmo_NonInterestExpenseOther" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-interest expense other.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonInterestExpenseOther" xlink:href="bmo-20260430.xsd#bmo_NonInterestExpenseOther"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonInterestExpenseOther" xlink:to="lab_bmo_NonInterestExpenseOther" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueFromInterest_019ce237-ef22-7da3-a136-c711069d08c8_totalLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Interest, Dividend and Fee Income</link:label>
    <link:label id="lab_ifrs-full_RevenueFromInterest_label_en-US" xlink:label="lab_ifrs-full_RevenueFromInterest" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromInterest"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueFromInterest" xlink:to="lab_ifrs-full_RevenueFromInterest" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable_019ce237-ee59-774b-8cbf-ee5e2ce8a849_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of yield curve used to discount cash flows that do not vary based on returns on underlying items [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:to="lab_ifrs-full_DisclosureOfYieldCurveUsedToDiscountCashFlowsThatDoNotVaryBasedOnReturnsOnUnderlyingItemsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_019ce237-efb6-732c-b48b-62b21b167051_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">30 to 89 days</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one month and not later than three months [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:to="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DebtInstrument1Domain_019ce237-ef22-7950-b29d-4a0adbe2642d_terseLabel_en-US" xlink:label="lab_bmo_DebtInstrument1Domain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument [Domain]</link:label>
    <link:label id="lab_bmo_DebtInstrument1Domain_label_en-US" xlink:label="lab_bmo_DebtInstrument1Domain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument 1 [Domain]</link:label>
    <link:label id="lab_bmo_DebtInstrument1Domain_documentation_en-US" xlink:label="lab_bmo_DebtInstrument1Domain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument 1 [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DebtInstrument1Domain" xlink:href="bmo-20260430.xsd#bmo_DebtInstrument1Domain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DebtInstrument1Domain" xlink:to="lab_bmo_DebtInstrument1Domain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_InternalCreditGradesDomain_019ce237-ef22-75a0-8df4-6bbfcf11906b_terseLabel_en-US" xlink:label="lab_ifrs-full_InternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Internal credit grades [domain]</link:label>
    <link:label id="lab_ifrs-full_InternalCreditGradesDomain_label_en-US" xlink:label="lab_ifrs-full_InternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Internal credit grades [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InternalCreditGradesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InternalCreditGradesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InternalCreditGradesDomain" xlink:to="lab_ifrs-full_InternalCreditGradesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_Securities_019ce237-ef22-7e6c-a4b3-1de599095f6a_totalLabel_en-US" xlink:label="lab_bmo_Securities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Securities (Note 2)</link:label>
    <link:label id="lab_bmo_Securities_label_en-US" xlink:label="lab_bmo_Securities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities</link:label>
    <link:label id="lab_bmo_Securities_documentation_en-US" xlink:label="lab_bmo_Securities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of securities consisting of bonds, share certificates or other debt or equity ownership measured at either fair value through profit and loss, fair value through other comprehensive income or at amortized cost.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_Securities" xlink:href="bmo-20260430.xsd#bmo_Securities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_Securities" xlink:to="lab_bmo_Securities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_LoansNetOfAllowanceForLoanLosses_019ce237-ee59-714e-b957-6224eaec530f_totalLabel_en-US" xlink:label="lab_bmo_LoansNetOfAllowanceForLoanLosses" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Loans net of allowance for loan losses</link:label>
    <link:label id="lab_bmo_LoansNetOfAllowanceForLoanLosses_label_en-US" xlink:label="lab_bmo_LoansNetOfAllowanceForLoanLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Net Of Allowance For Loan Losses</link:label>
    <link:label id="lab_bmo_LoansNetOfAllowanceForLoanLosses_documentation_en-US" xlink:label="lab_bmo_LoansNetOfAllowanceForLoanLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of Retail and Wholesale loans made by the entity net of allowance for loan losses.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_LoansNetOfAllowanceForLoanLosses" xlink:href="bmo-20260430.xsd#bmo_LoansNetOfAllowanceForLoanLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_LoansNetOfAllowanceForLoanLosses" xlink:to="lab_bmo_LoansNetOfAllowanceForLoanLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IFRS9Member_019ce237-ee59-747c-b233-3bbb6a03be88_terseLabel_en-US" xlink:label="lab_ifrs-full_IFRS9Member" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">IFRS9</link:label>
    <link:label id="lab_ifrs-full_IFRS9Member_label_en-US" xlink:label="lab_ifrs-full_IFRS9Member" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">IFRS 9 [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IFRS9Member" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IFRS9Member"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IFRS9Member" xlink:to="lab_ifrs-full_IFRS9Member" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement_019ce237-efb6-742b-9891-fcc6c74ca002_terseLabel_en-US" xlink:label="lab_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities borrowed or purchased under resale agreements</link:label>
    <link:label id="lab_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement_label_en-US" xlink:label="lab_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Income On Securities Borrowed Or Purchased Under Resale Agreement</link:label>
    <link:label id="lab_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement_documentation_en-US" xlink:label="lab_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest income on securities borrowed or purchased under resale agreements.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement" xlink:href="bmo-20260430.xsd#bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement" xlink:to="lab_bmo_InterestIncomeOnSecuritiesBorrowedOrPurchasedUnderResaleAgreement" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment_019ce237-ef22-7b6c-8a62-5adf2d352a1c_verboseLabel_en-US" xlink:label="lab_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Depreciation of premises and equipment</link:label>
    <link:label id="lab_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment_label_en-US" xlink:label="lab_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for Depreciation Of Premises and Equipment</link:label>
    <link:label id="lab_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment_documentation_en-US" xlink:label="lab_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments for depreciation of premises and equipment.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment" xlink:href="bmo-20260430.xsd#bmo_AdjustmentsForDepreciationOfPremisesAndEquipment"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment" xlink:to="lab_bmo_AdjustmentsForDepreciationOfPremisesAndEquipment" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock_019ce237-ef22-7c19-933e-05a85d209633_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Changes in Level 3 Instruments Carried at Fair Value</link:label>
    <link:label id="lab_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Reconciliation Of Changes In Fair Value Measurement Assets Liabilities [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in fair value measurement assets liabilities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock" xlink:to="lab_bmo_DisclosureOfReconciliationOfChangesInFairValueMeasurementAssetsLiabilitiesTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NonInterestIncome1Abstract_019ce237-ee59-75d0-be2e-af685f8945d8_terseLabel_en-US" xlink:label="lab_bmo_NonInterestIncome1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Interest Revenue</link:label>
    <link:label id="lab_bmo_NonInterestIncome1Abstract_label_en-US" xlink:label="lab_bmo_NonInterestIncome1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non interest income 1 [abstract]</link:label>
    <link:label id="lab_bmo_NonInterestIncome1Abstract_documentation_en-US" xlink:label="lab_bmo_NonInterestIncome1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non interest income 1.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NonInterestIncome1Abstract" xlink:href="bmo-20260430.xsd#bmo_NonInterestIncome1Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NonInterestIncome1Abstract" xlink:to="lab_bmo_NonInterestIncome1Abstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StonepeakPartnersLPNewlyCombinedEntityMember_019e1a30-ef97-7351-b466-e75f4a3c47fc_terseLabel_en-US" xlink:label="lab_bmo_StonepeakPartnersLPNewlyCombinedEntityMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stonepeak Partners LP Newly Combined Entity</link:label>
    <link:label id="lab_bmo_StonepeakPartnersLPNewlyCombinedEntityMember_label_en-US" xlink:label="lab_bmo_StonepeakPartnersLPNewlyCombinedEntityMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stonepeak Partners LP Newly Combined Entity [Member]</link:label>
    <link:label id="lab_bmo_StonepeakPartnersLPNewlyCombinedEntityMember_documentation_en-US" xlink:label="lab_bmo_StonepeakPartnersLPNewlyCombinedEntityMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Stonepeak Partners LP Newly Combined Entity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StonepeakPartnersLPNewlyCombinedEntityMember" xlink:href="bmo-20260430.xsd#bmo_StonepeakPartnersLPNewlyCombinedEntityMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StonepeakPartnersLPNewlyCombinedEntityMember" xlink:to="lab_bmo_StonepeakPartnersLPNewlyCombinedEntityMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueMember_019ce237-ee59-70a5-9382-d9ea92b90e9e_verboseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValueMember_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets at fair value, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueMember" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExternalCreditGradesDomain_019ce237-ee59-71bd-b764-ed0902d73ab0_terseLabel_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">External credit grades [domain]</link:label>
    <link:label id="lab_ifrs-full_ExternalCreditGradesDomain_label_en-US" xlink:label="lab_ifrs-full_ExternalCreditGradesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">External credit grades [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExternalCreditGradesDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExternalCreditGradesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExternalCreditGradesDomain" xlink:to="lab_ifrs-full_ExternalCreditGradesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_RealGrossDomesticProductGrowthRate_019ce237-ef22-798f-905e-586be88f9eb9_terseLabel_en-US" xlink:label="lab_bmo_RealGrossDomesticProductGrowthRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Real GDP growth rates</link:label>
    <link:label id="lab_bmo_RealGrossDomesticProductGrowthRate_label_en-US" xlink:label="lab_bmo_RealGrossDomesticProductGrowthRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Real Gross Domestic Product Growth Rate</link:label>
    <link:label id="lab_bmo_RealGrossDomesticProductGrowthRate_documentation_en-US" xlink:label="lab_bmo_RealGrossDomesticProductGrowthRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Real gross domestic product growth rate.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_RealGrossDomesticProductGrowthRate" xlink:href="bmo-20260430.xsd#bmo_RealGrossDomesticProductGrowthRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_RealGrossDomesticProductGrowthRate" xlink:to="lab_bmo_RealGrossDomesticProductGrowthRate" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsDomain_019ce237-ef22-795c-9df9-438425f2a196_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of financial assets [domain]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialAssetsDomain_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:to="lab_ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AllOtherOperatingSegmentsMember_019ce237-ef22-7f3a-9b37-da7cc85e8ff5_terseLabel_en-US" xlink:label="lab_bmo_AllOtherOperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All Other Operating Segments</link:label>
    <link:label id="lab_bmo_AllOtherOperatingSegmentsMember_label_en-US" xlink:label="lab_bmo_AllOtherOperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Other Operating Segments [Member]</link:label>
    <link:label id="lab_bmo_AllOtherOperatingSegmentsMember_documentation_en-US" xlink:label="lab_bmo_AllOtherOperatingSegmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">All Other Operating Segments [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AllOtherOperatingSegmentsMember" xlink:href="bmo-20260430.xsd#bmo_AllOtherOperatingSegmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AllOtherOperatingSegmentsMember" xlink:to="lab_bmo_AllOtherOperatingSegmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CarryingAmountMember_019ce237-ef22-7e5f-ac2e-27e273a30859_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountMember_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CarryingAmountMember" xlink:to="lab_ifrs-full_CarryingAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SecuritiesGainsLossesOtherThanTrading_019ce237-ef22-773d-96bb-18ae91633ae8_terseLabel_en-US" xlink:label="lab_bmo_SecuritiesGainsLossesOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities gains, other than trading (Note 2)</link:label>
    <link:label id="lab_bmo_SecuritiesGainsLossesOtherThanTrading_label_en-US" xlink:label="lab_bmo_SecuritiesGainsLossesOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities Gains Losses Other Than Trading</link:label>
    <link:label id="lab_bmo_SecuritiesGainsLossesOtherThanTrading_documentation_en-US" xlink:label="lab_bmo_SecuritiesGainsLossesOtherThanTrading" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities gains (losses), other than trading.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritiesGainsLossesOtherThanTrading" xlink:href="bmo-20260430.xsd#bmo_SecuritiesGainsLossesOtherThanTrading"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SecuritiesGainsLossesOtherThanTrading" xlink:to="lab_bmo_SecuritiesGainsLossesOtherThanTrading" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NotionalAmount_019ce237-ef22-7cb5-8aa5-92450c0c12ec_terseLabel_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notional amount</link:label>
    <link:label id="lab_ifrs-full_NotionalAmount_label_en-US" xlink:label="lab_ifrs-full_NotionalAmount" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NotionalAmount" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotionalAmount"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotionalAmount" xlink:to="lab_ifrs-full_NotionalAmount" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DerivativesAssetMember_019ce237-efb6-7786-b596-6e396677d025_terseLabel_en-US" xlink:label="lab_bmo_DerivativesAssetMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Assets</link:label>
    <link:label id="lab_bmo_DerivativesAssetMember_label_en-US" xlink:label="lab_bmo_DerivativesAssetMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives Asset [Member]</link:label>
    <link:label id="lab_bmo_DerivativesAssetMember_documentation_en-US" xlink:label="lab_bmo_DerivativesAssetMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivatives Asset [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DerivativesAssetMember" xlink:href="bmo-20260430.xsd#bmo_DerivativesAssetMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DerivativesAssetMember" xlink:to="lab_bmo_DerivativesAssetMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain_019ce237-ef22-79ca-9216-634aa05d610a_terseLabel_en-US" xlink:label="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of share based payment arrangements used to calculate dilutive EPS [Domain]</link:label>
    <link:label id="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain_label_en-US" xlink:label="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Types of share based payment arrangements used to calculate dilutive EPS [Domain]</link:label>
    <link:label id="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain_documentation_en-US" xlink:label="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Types of share based payment arrangements used to calculate dilutive EPS [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain" xlink:href="bmo-20260430.xsd#bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain" xlink:to="lab_bmo_TypesOfShareBasedPaymentArrangementsUsedToCalculateDilutiveEPSDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SecuritiesAbstract_019ce237-ef22-7cf4-b5c2-af01f124c8b3_verboseLabel_en-US" xlink:label="lab_bmo_SecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Securities (Note 2)</link:label>
    <link:label id="lab_bmo_SecuritiesAbstract_019ce237-ef22-7656-8044-844e9682efc4_terseLabel_en-US" xlink:label="lab_bmo_SecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities</link:label>
    <link:label id="lab_bmo_SecuritiesAbstract_label_en-US" xlink:label="lab_bmo_SecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Securities [abstract]</link:label>
    <link:label id="lab_bmo_SecuritiesAbstract_documentation_en-US" xlink:label="lab_bmo_SecuritiesAbstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SecuritiesAbstract" xlink:href="bmo-20260430.xsd#bmo_SecuritiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SecuritiesAbstract" xlink:to="lab_bmo_SecuritiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans_019ce237-efb6-7f5b-b22a-65248a2991b8_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current service cost</link:label>
    <link:label id="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans_label_en-US" xlink:label="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current service cost, defined benefit plans</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentServiceCostDefinedBenefitPlans"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:to="lab_ifrs-full_CurrentServiceCostDefinedBenefitPlans" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_InterestIncomeOnSecurities_019ce237-ef21-788a-9921-a596c1e92eee_terseLabel_en-US" xlink:label="lab_bmo_InterestIncomeOnSecurities" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Securities (Note 2)</link:label>
    <link:label id="lab_bmo_InterestIncomeOnSecurities_label_en-US" xlink:label="lab_bmo_InterestIncomeOnSecurities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income on securities</link:label>
    <link:label id="lab_bmo_InterestIncomeOnSecurities_documentation_en-US" xlink:label="lab_bmo_InterestIncomeOnSecurities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income on securities.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_InterestIncomeOnSecurities" xlink:href="bmo-20260430.xsd#bmo_InterestIncomeOnSecurities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_InterestIncomeOnSecurities" xlink:to="lab_bmo_InterestIncomeOnSecurities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember_019ce237-ef22-70dc-abbd-30edb3570860_terseLabel_en-US" xlink:label="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities for remaining coverage</link:label>
    <link:label id="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember_label_en-US" xlink:label="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net liabilities or assets for remaining coverage excluding loss component [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:to="lab_ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ExchangeDifferencesOnTranslationAbstract_019ce237-ee59-7a54-a95b-ad4682ce0bd3_verboseLabel_en-US" xlink:label="lab_ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net (losses) on translation of net foreign operations</link:label>
    <link:label id="lab_ifrs-full_ExchangeDifferencesOnTranslationAbstract_label_en-US" xlink:label="lab_ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange differences on translation [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExchangeDifferencesOnTranslationAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:to="lab_ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_CurrencyAxis_019ce237-ef22-76a9-a6c8-4fbe7a89c35d_terseLabel_en-US" xlink:label="lab_srt_CurrencyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
    <link:label id="lab_srt_CurrencyAxis_label_en-US" xlink:label="lab_srt_CurrencyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_CurrencyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_CurrencyAxis" xlink:to="lab_srt_CurrencyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_CommonStockConversionPrice_019ce237-ee59-71b6-867d-31681afbdfd5_terseLabel_en-US" xlink:label="lab_bmo_CommonStockConversionPrice" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock conversion price</link:label>
    <link:label id="lab_bmo_CommonStockConversionPrice_label_en-US" xlink:label="lab_bmo_CommonStockConversionPrice" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock Conversion Price</link:label>
    <link:label id="lab_bmo_CommonStockConversionPrice_documentation_en-US" xlink:label="lab_bmo_CommonStockConversionPrice" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Common stock price conversion per share.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_CommonStockConversionPrice" xlink:href="bmo-20260430.xsd#bmo_CommonStockConversionPrice"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_CommonStockConversionPrice" xlink:to="lab_bmo_CommonStockConversionPrice" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock_019ce237-ef22-7efe-a3ce-6d2ff835975b_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Insurance Investment Results</link:label>
    <link:label id="lab_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock_label_en-US" xlink:label="lab_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure Of Insurance Investment Results Explanatory [Table Text Block]</link:label>
    <link:label id="lab_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock_documentation_en-US" xlink:label="lab_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of insurance investment results explanatory.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock" xlink:to="lab_bmo_DisclosureOfInsuranceInvestmentResultsExplanatoryTableTextBlock" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_019ce237-ef22-7669-baab-547be9e05482_terseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Diluted (in canadian dollars per share)</link:label>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_019ce237-ef22-7eb1-9ba9-c9fae9860bf8_verboseLabel_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Diluted earnings per common share (in canadian dollars per share)</link:label>
    <link:label id="lab_ifrs-full_DilutedEarningsLossPerShare_label_en-US" xlink:label="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Diluted earnings (loss) per share</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutedEarningsLossPerShare"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DilutedEarningsLossPerShare" xlink:to="lab_ifrs-full_DilutedEarningsLossPerShare" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_MaturityDomain_019ce237-ef22-7320-91a1-ce24ad4cc2d9_terseLabel_en-US" xlink:label="lab_ifrs-full_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Maturity [domain]</link:label>
    <link:label id="lab_ifrs-full_MaturityDomain_label_en-US" xlink:label="lab_ifrs-full_MaturityDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maturity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MaturityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MaturityDomain" xlink:to="lab_ifrs-full_MaturityDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_StatementOfIncomeTable_019ce237-efb6-7b28-b2bb-6a2747495c59_terseLabel_en-US" xlink:label="lab_bmo_StatementOfIncomeTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Statement Of Income [Table]</link:label>
    <link:label id="lab_bmo_StatementOfIncomeTable_label_en-US" xlink:label="lab_bmo_StatementOfIncomeTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement Of Income [Table]</link:label>
    <link:label id="lab_bmo_StatementOfIncomeTable_documentation_en-US" xlink:label="lab_bmo_StatementOfIncomeTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Statement Of Income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_StatementOfIncomeTable" xlink:href="bmo-20260430.xsd#bmo_StatementOfIncomeTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_StatementOfIncomeTable" xlink:to="lab_bmo_StatementOfIncomeTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory_019ce237-ef22-76b0-b80f-76821490cf64_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Ranges of Values used for each Option Pricing Assumption</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of indirect measurement of fair value of goods or services received, share options granted during period [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory" xlink:to="lab_ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_019ce237-ee59-77e0-911e-363d98872106_terseLabel_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Categories of financial liabilities [axis]</link:label>
    <link:label id="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis_label_en-US" xlink:label="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Categories of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:to="lab_ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_NumberOfSharesIssuedUnderStockOptionPlan_019ce237-efb6-7eeb-89e7-bf5bfa37c546_terseLabel_en-US" xlink:label="lab_bmo_NumberOfSharesIssuedUnderStockOptionPlan" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common shares issued under stock option plan (in shares)</link:label>
    <link:label id="lab_bmo_NumberOfSharesIssuedUnderStockOptionPlan_label_en-US" xlink:label="lab_bmo_NumberOfSharesIssuedUnderStockOptionPlan" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Number Of Shares Issued Under Stock Option Plan</link:label>
    <link:label id="lab_bmo_NumberOfSharesIssuedUnderStockOptionPlan_documentation_en-US" xlink:label="lab_bmo_NumberOfSharesIssuedUnderStockOptionPlan" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number Of Shares Issued Under Stock Option Plan.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_NumberOfSharesIssuedUnderStockOptionPlan" xlink:href="bmo-20260430.xsd#bmo_NumberOfSharesIssuedUnderStockOptionPlan"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_NumberOfSharesIssuedUnderStockOptionPlan" xlink:to="lab_bmo_NumberOfSharesIssuedUnderStockOptionPlan" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable_019ce237-ef22-780e-a0ba-b0ed8150cd8a_terseLabel_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of deposits payable to customers on a fixed date [table]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable_label_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of deposits payable to customers on a fixed date [table]</link:label>
    <link:label id="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable_documentation_en-US" xlink:label="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of deposits payable to customers on a fixed date [table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable" xlink:href="bmo-20260430.xsd#bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable" xlink:to="lab_bmo_DisclosureOfDepositsPayableToCustomersOnFixedDateTable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_019ce237-ef21-7fe2-9bbe-7f9364386a8e_terseLabel_en-US" xlink:label="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [domain]</link:label>
    <link:label id="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_label_en-US" xlink:label="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit impairment of financial instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:to="lab_ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_SourceOfDepositDomain_019ce237-ef22-7a75-9497-b62c9fbe940c_terseLabel_en-US" xlink:label="lab_bmo_SourceOfDepositDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Source Of Deposit [Domain]</link:label>
    <link:label id="lab_bmo_SourceOfDepositDomain_label_en-US" xlink:label="lab_bmo_SourceOfDepositDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Source Of Deposit [Domain]</link:label>
    <link:label id="lab_bmo_SourceOfDepositDomain_documentation_en-US" xlink:label="lab_bmo_SourceOfDepositDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Source of deposit domain</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_SourceOfDepositDomain" xlink:href="bmo-20260430.xsd#bmo_SourceOfDepositDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_SourceOfDepositDomain" xlink:to="lab_bmo_SourceOfDepositDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets_019ce237-ef22-7ea8-ade4-3e86ec346c30_verboseLabel_en-US" xlink:label="lab_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Transfer to Stage 2</link:label>
    <link:label id="lab_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets_label_en-US" xlink:label="lab_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers to stage two allowance account for credit losses of financial assets</link:label>
    <link:label id="lab_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets_documentation_en-US" xlink:label="lab_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Transfers to stage two allowance account for credit losses of financial assets.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets" xlink:href="bmo-20260430.xsd#bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="lab_bmo_TransfersToStageTwoAllowanceAccountForCreditLossesOfFinancialAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_DerivativeAssets1Abstract_019ce237-efb6-7e8c-9372-ab1eea4fd70c_terseLabel_en-US" xlink:label="lab_bmo_DerivativeAssets1Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Assets</link:label>
    <link:label id="lab_bmo_DerivativeAssets1Abstract_label_en-US" xlink:label="lab_bmo_DerivativeAssets1Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Assets 1 [abstract]</link:label>
    <link:label id="lab_bmo_DerivativeAssets1Abstract_documentation_en-US" xlink:label="lab_bmo_DerivativeAssets1Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative assets 1.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_DerivativeAssets1Abstract" xlink:href="bmo-20260430.xsd#bmo_DerivativeAssets1Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_DerivativeAssets1Abstract" xlink:to="lab_bmo_DerivativeAssets1Abstract" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_UsStatesMunicipalitiesAndAgenciesMember_019ce237-ef22-71a3-b4db-1c3b50ca5ea3_terseLabel_en-US" xlink:label="lab_bmo_UsStatesMunicipalitiesAndAgenciesMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. states, municipalities and agencies</link:label>
    <link:label id="lab_bmo_UsStatesMunicipalitiesAndAgenciesMember_label_en-US" xlink:label="lab_bmo_UsStatesMunicipalitiesAndAgenciesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">US States, municipalities and agencies [Member]</link:label>
    <link:label id="lab_bmo_UsStatesMunicipalitiesAndAgenciesMember_documentation_en-US" xlink:label="lab_bmo_UsStatesMunicipalitiesAndAgenciesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">US States, municipalities and agencies.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_UsStatesMunicipalitiesAndAgenciesMember" xlink:href="bmo-20260430.xsd#bmo_UsStatesMunicipalitiesAndAgenciesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_UsStatesMunicipalitiesAndAgenciesMember" xlink:to="lab_bmo_UsStatesMunicipalitiesAndAgenciesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset_019ce237-ef22-7ca7-a6e6-1d2f3f1e79d5_terseLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total cash flows</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) through cash flows, insurance contracts liability (asset)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:to="lab_ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepositLiabilities_019ce237-ef22-777c-bf7b-460f921b8934_verboseLabel_en-US" xlink:label="lab_ifrs-full_DepositLiabilities" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Deposits liabilities</link:label>
    <link:label id="lab_ifrs-full_DepositLiabilities_label_en-US" xlink:label="lab_ifrs-full_DepositLiabilities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deposit liabilities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositLiabilities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepositLiabilities" xlink:to="lab_ifrs-full_DepositLiabilities" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable_019ce237-ef22-77cb-ae94-644140792c01_negatedLabel_en-US" xlink:label="lab_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accrued interest receivable and payable</link:label>
    <link:label id="lab_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable_label_en-US" xlink:label="lab_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustment For Increase Decrease In Accrued Interest Receivable And Payable</link:label>
    <link:label id="lab_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable_documentation_en-US" xlink:label="lab_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustment for increase decrease in accrued interest receivable and payable.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable" xlink:href="bmo-20260430.xsd#bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable" xlink:to="lab_bmo_AdjustmentForIncreaseDecreaseInAccruedInterestReceivableAndPayable" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AtFairValueMember_019ce237-efb6-7231-93d5-b9280636f783_terseLabel_en-US" xlink:label="lab_ifrs-full_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value</link:label>
    <link:label id="lab_ifrs-full_AtFairValueMember_label_en-US" xlink:label="lab_ifrs-full_AtFairValueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">At fair value [member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AtFairValueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AtFairValueMember" xlink:to="lab_ifrs-full_AtFairValueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember_019ce237-ef22-7ede-b885-e837f87a972e_terseLabel_en-US" xlink:label="lab_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross commitments and financial guarantee contracts</link:label>
    <link:label id="lab_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember_label_en-US" xlink:label="lab_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross Commitments and Financial Guarantee Contracts [Member]</link:label>
    <link:label id="lab_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember_documentation_en-US" xlink:label="lab_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gross commitments and financial guarantee contracts.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember" xlink:href="bmo-20260430.xsd#bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember" xlink:to="lab_bmo_GrossCommitmentsAndFinancialGuaranteeContractsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_UsFederalGovernmentMember_019ce237-ef22-79dd-a75a-8a5fc361950a_terseLabel_en-US" xlink:label="lab_bmo_UsFederalGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">U.S. federal government</link:label>
    <link:label id="lab_bmo_UsFederalGovernmentMember_019ce237-ef22-7357-aa9e-313d83b6fd6c_verboseLabel_en-US" xlink:label="lab_bmo_UsFederalGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">U.S. federal government</link:label>
    <link:label id="lab_bmo_UsFederalGovernmentMember_label_en-US" xlink:label="lab_bmo_UsFederalGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">US federal Government[Member]</link:label>
    <link:label id="lab_bmo_UsFederalGovernmentMember_documentation_en-US" xlink:label="lab_bmo_UsFederalGovernmentMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">US federal Government.</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_bmo_UsFederalGovernmentMember" xlink:href="bmo-20260430.xsd#bmo_UsFederalGovernmentMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_bmo_UsFederalGovernmentMember" xlink:to="lab_bmo_UsFederalGovernmentMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EarningsPerShareExplanatory_019ce237-ef22-7eab-87c4-d25450ce1ea7_terseLabel_en-US" xlink:label="lab_ifrs-full_EarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Summary of Basic and Diluted Earnings Per Share</link:label>
    <link:label id="lab_ifrs-full_EarningsPerShareExplanatory_label_en-US" xlink:label="lab_ifrs-full_EarningsPerShareExplanatory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings per share [text block]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EarningsPerShareExplanatory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EarningsPerShareExplanatory" xlink:to="lab_ifrs-full_EarningsPerShareExplanatory" xlink:type="arc" order="1"/>
    <link:label id="lab_bmo_ResidentialMortgagesLoans_019ce237-ef22-7207-8246-b8ce4a39c0d6_terseLabel_en-US" xlink:label="lab_bmo_ResidentialMortgagesLoans" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Residential mortgages</link:label>
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    <link:label id="lab_bmo_SharesBuybackProgramDomain_documentation_en-US" xlink:label="lab_bmo_SharesBuybackProgramDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Shares Buyback Program [Domain]</link:label>
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    <link:label id="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLoss_documentation_en-US" xlink:label="lab_bmo_NonTradingSecuritiesAtFairValueThroughProfitOrLoss" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non trading securities at fair value through profit or loss.</link:label>
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    <link:label id="lab_bmo_DilutivePotentialSharesFromStockOptionsMember_documentation_en-US" xlink:label="lab_bmo_DilutivePotentialSharesFromStockOptionsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dilutive potential shares from stock options [Member]</link:label>
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