News Releases

Report combines expertise from BMO's Economists with on-the-ground anecdotal information from BMO's Commercial Bankers

- Sixty per cent of Canadian investors have target dates in mind to reach their financial goals

- However, only half feel their investments are aligned to support their key life events such as marriage, the purchase of a home and retirement

- BMO LifeStage Class Mutual Funds and Corporate Bond Target Maturity Exchange Traded Funds (ETFs) help address this by reducing the risk as a key life event approaches

BMO encourages couples to be open when it comes to dollars and cents

- The overwhelming majority of Canadians agree that couples need to be on the same page financially

- Despite this, less than half have discussed key financial matters prior to marriage, including debt, savings goals and establishing a financial plan

- Over half of married or engaged couples have already bought or are planning to purchase a home in the next two years

Report combines expertise from BMO's Economists with on-the-ground anecdotal information from BMO's Commercial Bankers

- Five of six Canadians said there were no surprises on their January credit card statement - their balance was what they expected.

- Two-thirds (67 per cent) said they would pay off their January credit card balance in full.

- Reducing overall household debt is number-one priority for Canadians in 2012.

- Men will carry a higher credit card balance into February than women.