News Releases

- Douglas Porter, BMO Chief Economist, forecasts that savings rates may need to reach 9 per cent to strengthen household finances over the long term

- Report shows the brighter side of the debt picture, with household financial assets reaching near-record 453 per cent of disposable income

- Report comes on the heels of the BMO Household Savings Report, which showed Canadians planning to save aim to put away $9,859 in 2013

- Canadian ETF assets increased by 33 per cent in 2012

- 2013 will see an expansion of the user base of ETFs

- Canadian ETF industry to benefit from developing new uses for ETFs

- Investors will seek out defensive growth strategies and lean towards equities

- Canada and U.S. auto industry on track for solid growth

- Manufacturer innovation fueling consumer demand

- Market conditions, industry investment and affordability to drive performance in 2013

- Report shows Canadian savers on average managed to save approximately $9,200 in 2012

- The average total savings amongst Canadians is $122,310

- Report provides regional and demographic breakdowns on savings

- BMO Smart Saver account offers a 1.2 per cent interest rate - the highest rate offered among Canada's major financial institutions for a full-service savings account without minimum balance requirements