News Releases

TORONTO, ONTARIO--(Marketwired - July 26, 2013) - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense', BMO is releasing financial tips throughout the summer to help Canadians make the 'BMOst of summer' in 2013.

BMO's Tip of the Day: Use the "dog days of summer" to clean-up your financial house and keep financial priorities in order.

While the majority (79 per cent) of Canadians say they will look for ways to save and maximize the value of their dollar this summer, one-third (34 per cent) say they take a "mental vacation" from thinking about their finances during the summertime, according to a BMO Bank of Montreal survey.

Consider taking advantage of the longer days and slower pace of summer living and revisit your financial goals and priorities to ensure they continue to align with both your present situation and future plans.

"Disciplined spending and saving habits can easily fall by the wayside during the summer, but the longer days can also mean more opportunities to think about your financial aspirations," said Su McVey, Vice President, BMO Bank of Montreal. "Whether you have just graduated university or college, recently bought a new home or started a family, reviewing financial priorities regularly is a necessary part of keeping your financial goals on track and your financial house in order year-round."

BMO offers a number of products and services that can help Canadians get more out of every dollar they spend this summer. For more details on how to make the 'BMOst of Summer,' drop by a BMO branch or visit www.bmo.com.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $555 billion as at April 30, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.