News Releases

- Millennials are on par with older generations for setting budgets in advance of a season of high spending

- Millennials are the most likely age group to pay off their credit card balances in full, and the least likely age group to carry a large credit card balance

- Millennials are the least likely of any age group to use summer as an excuse to spend without considering long-term implications

- The most important financial priority for Millennials is to save more, while those aged 55 and over prioritize investing effectively and tax efficiency

- Twenty-nine per cent of Canadians are concerned they will not be able to save enough to reach their financial goals

- Millennials are more likely to have savings concerns (35 per cent) compared to Boomers (29 per cent)

- The Canadian ETF industry has crossed the C$100 billion milestone and has experienced C$10.6 billion in inflows year to date

- Trends include increased use of smart beta and fixed income ETFs