News Releases

Savings, paying down household debt and holiday gifts top uses for year-end bonuses

- Twenty-six per cent of working Canadians expect to receive a year-end bonus

- Eighty-six per cent of those who anticipate receiving a bonus believe it will be the same or more than last year

- Half of Canadians who expect to receive a year-end bonus will use it to save/invest or pay down household debt

- New BMO branch represents a $1.2 million investment in the community

- Offering customers extended banking hours, including Saturdays and Sundays

- 'Making Money Make Sense' in seven different languages

Only one-in-ten will take on debt to finance spending

- Men are more likely than women to go into debt over the holidays (14 per cent versus 11 per cent)

- One-third of Canadians plan to increase use of rewards for holiday spending in 2012