News Releases

- The average amount Canadians have taken out of their RRSPs is $15,908

- The top reasons for making a withdrawal include to buy a home, pay off debt, and pay for living expenses

- Rather than withdrawing money from your RRSP, consider building a contingency fund in a TFSA or savings account for future needs

Financial Results Highlights:

First Quarter 2016 Compared with First Quarter 2015:

- Net income of $1,068 million, up 7%; adjusted net income(1) of $1,178 million, up 13%

- EPS(2) of $1.58, up 8%; adjusted EPS(1, 2) of $1.75, up 14%

- ROE of 10.9%, compared with 11.8%; adjusted ROE(1) of 12.1%, compared with 12.3%

- Provisions for credit losses of $183 million, compared with $163 million

- Basel III Common Equity Tier 1 Ratio of 10.1%

- Industry leaders from 28 countries and six continents to attend one of the largest metals and mining investor conferences in the world

- Company presentations accessible via Webcast

- Research analysts available for comment

- Fifty-nine per cent of Canadians miss or will miss employment income from their working life in retirement

- Sixty-seven per cent think that running out of money is the biggest challenge in retirement

- Fifty-five per cent have a positive outlook when thinking about their retirement years

Four new additions are structured to provide investors with access to key sectors and global markets

- Leanne Portuza and Hussein Weid named winners of the BMO Junior Reporter Contest; will act as BMO's official Junior Reporters throughout NBA All-Star 2016

- New ETFs are structured to help manage market highs and lows

- Both are currency hedged, offering Canadians more choice in how they invest

- With these additions, BMO AM's low volatility lineup now stands at six listings

- One fifth of Canadian couples currently don't share any of their finances, with maintaining a sense of independence cited as a top reason

- Half of Canadians have lied to their partner about their finances at some point; those in more serious relationships are less inclined to keep things hidden

- The BMO(R) PlanShare feature offers Canadian couples the ability to save on banking fees and choose a level of privacy that works for them

- More than half of Canadians have a TFSA, with an average of $17,133 in their accounts

- Less than a quarter of Canadians consider themselves to be 'very knowledgeable' about TFSAs

- One-in-ten TFSA holders contributed more than their limit in 2015

- Smart beta, fixed income and currency exposure continue to be key trends in the industry

- BMO's ETF business led the Canadian ETF industry in net new assets for the fifth consecutive year

- Canadian ETF industry assets are expected to reach $250 billion in AUM by 2021

- Sixty-one per cent will be making a contribution before the February 29th deadline, down three per cent from last year

- For those who have already contributed, the average amount is $3,984 (up from $3,738 last year); for those planning to contribute, the average amount is $3,327 (up from $2,892)

- Knowledge gap: just 41 per cent are very familiar with the program

Longer lifespans, paired with drop in birth rates, create drag on global productivity growth - emerging markets buck trend