News Releases

- The bank of mom and dad: One quarter of first time buyers expect financial help from parents or relatives

- Expected down payment is 13 percent

- Majority of first-time buyers have made lifestyle cutbacks to save money

- Just 31 per cent of women feel that their families provide the support needed for them to succeed at home and at work

- 63 per cent report that staying with one employer is the best way to succeed in one's career

- Nearly three quarters of women state that it's harder for them to prove themselves to a new employer than it is for men

- Fifty-seven per cent of Canadians contributed before the March 2 deadline, down from 65 per cent in 2014 and 62 per cent in 2013

- Average contribution amount was $3,737, up from $3,518 in 2014 and $3,544 in 2013

- Forty-three per cent contributed to their RRSP because they believe it is the "responsible thing to do"

- Over half are unaware of what is considered a good credit score

- Almost one third lack knowledge on how to build a good credit rating

- Credit score can affect getting a loan, a credit card, or renting an apartment

- BMO offers advice on how Canadians can achieve and maintain good credit

- Fifty-six per cent need assistance with deciding which investments best suit their needs

- More than half do not understand how their portfolios will react in certain markets

- Only one in five need help deciding when or if to downsize to a smaller home or deciding where to live in retirement