News Releases

Canadians say they'll spend more this year on back-to-school purchases but students say they intend to make greater use of savings cards and saving programs to tackle expenses

- Most students (56 per cent) will take advantage of discount and reward programs to lower their day-to-day living expenses

- On-line or in-store deals, Student Price Card (SPC Card) affiliations, most likely programs to generate patronage from students

- 40 per cent of students say retailers should use more technology in-store to help them find out about deals

- 59 per cent of students say online deals would drive them to make a purchase online

- Two-thirds feel prepared to handle their financial obligations in the event of a change in job status, change in financial situation, or unforeseen financial emergency

- More than half have more than three months of savings; 49 per cent have access to more than $5,000

- However, one-quarter would be unable to survive financially for more than three months on their rainy day fund

- New BMO branch represents a $1 million investment into the community

- 'Making Money Make Sense' in nine different languages

- Offering customers extended banking hours; seven days a week

- BMO Economics forecasts 120,000 new jobs to be created in Calgary and Edmonton over the next four years

BMO is committed to making money make sense and providing clarity for customers making financial decisions

- Most Canadians significantly underestimate the costs of medical treatment in other countries - the cost of treatment for a heart attack outside of Canada can be up to US$70,000; treatment for pneumonia in the U.S. can be more than $65,000

- Only half correctly stated that travelers themselves are financially responsible for medical costs while away from home

- To help protect Canadians year-round, BMO Insurance has introduced Annual (Multi-Trip) Travel Medical Insurance

- Bank of Canada Holds Overnight Rate Steady

- Next move in interest rates expected to be higher, not lower

- Average household debt is $112,329 - BMO advises Canadians to continue reducing debt

Team has chosen the BC Children's Hospital as the recipient of a $5,000 donation from BMO

- Two-thirds feel prepared to handle their financial obligations in the event of a change in job status, change in financial situation, or unforeseen financial emergency

- More than half have more than three months of savings; 49 per cent have access to more than $5,000

- However, one-quarter would be unable to survive financially for more than three months on their rainy day fund

- Canadian ETF market experiencing double digit growth in 2012; now stands at $50 billion in assets under management

- Investors are favouring fixed income and dividend-based ETFs

- Ongoing success of ETFs will be driven by price, additional suppliers and new distribution channels and strategies