News Releases

- One-in-three Canadians identify a comfortable retirement as their number one financial goal to achieve over their lifetime.

- However, 40 per cent are not confident in their ability to save for retirement and 41 per cent may use the sale of their home to make up for the shortfall

- Relying on your home to fund retirement could be a risky venture; personal savings must play a more significant role in retirement preparedness

- Only six per cent of students use their credit cards to pay for school expenses

- Of that six per cent, only three-in-10 expect to graduate with more than $1,000 in credit card debt

- Most students (56 per cent) taking advantage of discount programs and loyalty rewards programs to lower their day-to-day living expenses

BMO Economics forecasts wine sector will continue to outpace other alcohol sales

85 per cent of businesses have no contingency plan developed in case of a major environmental disaster

BMO will issue a financial tip each day throughout the month of November

BMO Forecasts Canadian Retail Sales will be up by 2 per cent this October

- Most popular Fall renovation projects include bathroom, kitchen and bedroom

- More than half plan to spend less than $1,000; one-third expect to spend up to $5,000

- Canadians relying mostly on savings to fund renovations; taking a DIY approach to save money

- Site will help Canadians feel more confident about their financial situation; offers a variety of online calculators, worksheets and checklists

- New study from BMO indicates that almost two-thirds of Canadians have a financial plan, up 10 per cent from 2010

- Of the 36 per cent who don't have a plan, most say they don't know where to start and/or feel they don't have enough money to start a plan