News Releases

- Almost two thirds of entrepreneurs work more than 40 hours per week, which is above the average of just under 35 hours per week for the average American worker

- A majority do not have a succession plan in place for their business

- Reviewing income options, learning how to minimize taxes and choosing an insurance plan are among factors business owners should take into consideration

- High-net-worth Americans will give an average of $12,394 to charities in 2014, with holiday season donations accounting for more than one quarter (29 percent) of annual giving

- Forty-three percent will spend more this holiday season than they did in years prior to the 2008 recession, paying an average of $10,525 for gifts and holiday-related expenses

BMO recognized for: workplace diversity, employee learning and new-parent support programs

Annual event to take place December 9-10 at the Grand Hyatt Hotel in New York

Honour comes as The Globe and Mail recognizes BMO InvestorLine as the top bank-owned online brokerage in Canada

- Married/common law Canadians with children feel they need an average of $321 thousand in life insurance while singles feel they need $187 thousand

- Two thirds of Canadians believe that developing a critical illness or becoming disabled would have a significant financial impact on their or their family's standard of living

- Only 16 per cent of Canadians have purchased insurance policies that cover death, critical illness and disability

- Active traders will now receive exclusive benefits of the 5 Star program, including priority call handling, preferred interest rates and access to expert research

- In addition to their account asset amount, Self-Directed clients can now qualify for the 5 Star program by the number of trades they complete per quarter

- Those with Gold Star and Platinum Star status will have access to the new BMO Market Pro platform, which streams real-time market data, news and analysis

- Portfolios managed based on child's year of birth and gradually become more conservative the closer the child gets to entering post-secondary education

- Designed for education savings and to be held in Canadians' RESPs

- Eighty-six per cent of Canadian parents want easy-to-understand investments that align with the date their child plans to attend a post-secondary institution

- Charitable giving levels rise for third year in a row, with more than 80 per cent saying they have made a donation in the past 12 months

- Canadians have good intentions for 2015, with 90 per cent expecting to make a donation averaging $720

- Health, anti-poverty and animal welfare continue to be causes of choice for Canadians

- BMO partners with ChangeIt to offer Canadians the ability to donate to their favourite charities by setting 'round up' amounts on BMO MasterCard purchases

- Consumers can use credit card to 'round-up' amounts on their purchases to charities of choice

New funds address investors' need for growth and income

- Includes smart beta quality and dividend strategies plus innovative fixed income

- New ETFs address investors' demand for factor screening and income

- BMO AM's ETF line-up now stands at 62 ETFs

- Higher employment and strong U.S. dollar to support consumer spending

- All eyes on Apple iPhone 6 sales, expected to hit 65 million units

- Activision's Call of Duty, Ubisoft's Assassin's Creed and Far Cry, and Take-Two's Grand Theft Auto V seen as likely best sellers

- BMO DepositEdge gives businesses an easy-to-use desktop scanner and web-based software to capture cheque images securely and deposit them into their BMO business accounts.

- BMO(R) business customers mitigate security risks, increase efficiency and save time and money.

- BMO DepositEdge gives businesses the ability to make deposits more quickly and improve cash flow.

- Canadians hold an average of $17,490 in their TFSA, with nearly half using their account for retirement savings

- Only one-in-five Canadians are aware of the $5,500 maximum annual contribution to a TFSA

- One-in-ten TFSA holders have over-contributed in the past, costing an average of $412.50 in penalties

- BMO Asia USD Investment Grade Bond ETF provides access to a portfolio of high quality Asia bonds

- BMO Hong Kong Banks ETF provides targeted exposure to banking stocks listed on SEHK

- BMO Asia High Dividend ETF provides exposure to more than 150 high dividend paying companies

- Three quarters of those who have done charitable giving have donated up to $10,000; the average donation amount in 2013 was $5,217

- More than half donate to "impact their community" while just 21 per cent donate to reduce taxes

- Among concerns around donating cited, 43 per cent of affluent Canadians mentioned a fear that their gift will not be used wisely

- Federal government agencies benefit from BMO's sophisticated controls and simplified spend analysis and MasterCard's best-in-class global acceptance

- More than 32,500 BMO-issued purchasing cards issued accounting for 90 per cent of the Canadian government purchasing card spend

- Contract renewal follows BMO and MasterCard's selection as the federal Government of Canada's official travel & entertainment (T&E) card provider in 2013

- Travel continues to take priority, while decreased spending on entertaining and gifts lead decline

- While 28 per cent took on debt as a result of spending in 2013, only 11 per cent expect to do the same this year

- Slower job growth, elevated debts and volatile stock market contributing to cautious consumer mindset, while lower gasoline prices offer a positive offset

- Last week, BMO donated $20,000 to Military Families Fund to honour Corporal Nathan Cirillo and Warrant Officer Patrice Vincent

- Accepting donations at BMO Bank of Montreal branches across Canada

More than 930 branches across Canada to participate from Oct. 31 to Nov. 10, 2014

- Prices in Florida and Arizona expected to increase steadily in coming years

- Canadians are the largest foreign buyers of Florida housing

- Residents spending time in Canada and U.S. face new government guidelines

- Canadians feel more confident about their personal finance knowledge than ever before

- They're least knowledgeable when it comes to investing

- Overall, Canadians fall short on retirement planning and feel hesitant to discuss personal finance with their children

- One-quarter intend to invest more in their business in 2015

- Fewer entrepreneurs intend to invest in equipment upgrades compared to 2013

- Business owners in Ontario and Atlantic Canada are the most likely to invest in employee training

- Canadians can donate to the fund at branches across Canada

- Other top concerns among the nation's business owners include identifying income options and paying too much tax

- Three-quarters of entrepreneurs are focused on making improvements in their business operations and more than half are seeking to grow their business aggressively

- Majority of entrepreneurs do not have a succession plan in place for their business

- Minimum assets required to open an adviceDirect account lowered to $50,000 (previously $100,000)

- Annual account fees reduced from 1 per cent to 0.75 per cent

- Clients with assets over $500,000 will not pay any incremental fees

- One-quarter would be stretched to afford a home in their current price range, while another one-third would need to consider less expensive options

- Sensitivity to rates magnified in high-priced west coast market

- According to BMO Economics, prices in major markets of Calgary, Toronto, and Vancouver are rising faster than average family income

- BMO recommends buyers stress-test their mortgage against a higher rate to ensure long-term affordability

BMO Youth Campus Amphitheatre Will Be New Outdoor Performance Space

- Real GDP growth of 1.0 per cent expected in 2014, 0.8 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.5 per cent in 2015)

- Healthy longer-term prospects for offshore oil, hydro

- Consumer spending, housing market trends outperforming Atlantic Canadian peers

- Real GDP growth of 2.2 per cent expected in 2014, 2.4 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Manufacturing should receive boost from weaker dollar, stronger U.S. demand

- Oil production up fourfold since start of 2000s

- Real GDP growth of 1.6 per cent expected in 2014, 2.1 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Shipbuilding contract should start producing in 2015

- Offshore oil and gas exploration picking up

- Real GDP growth of 1.0 per cent expected in 2014, 2.7 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Oil sector now 20 per cent of province's GDP

- Population growth strong; labour market making case for national lead

- Real GDP growth of 1.8 per cent expected in 2014, 2.0 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Stable political landscape should support business confidence and investment

- Exports to benefit from lower dollar and stronger sales to the U.S.

- Real GDP growth of 1.3 per cent expected in 2014, 1.7 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Tourism stronger, weaker loonie figures

- Exports rose 20 per cent year-over-year in August, led by aerospace, food and agriculture

- Real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015

- Alberta to lead the country, but growth gap is set to narrow

- Real GDP growth of 1.3 per cent expected in 2014, 1.7 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Private sector capital spending expected to expand modestly in 2014

- Higher Exports, Capital Spending to Support Growth in New Brunswick

- Forestry exports get boost from U.S. housing recovery

- Real GDP growth of 3.5 per cent expected in 2014, 2.9 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Energy sector remains key driver, and key risk

- Population growth similar to rates seen at height of pre-recession boom

- Real GDP growth of 2.3 per cent expected in 2014, 2.5 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Housing market strengthening, particularly in Vancouver

- Real GDP growth of 2.0 per cent expected in 2014, 2.4 per cent in 2015 (Canadian real GDP growth of 2.3 per cent expected in 2014, 2.4 per cent in 2015)

- Stronger performance expected for exports and manufacturing

- Housing market remains strong in Toronto

- Prices in Florida and Arizona expected to increase steadily in coming years

- Canadians are the largest foreign buyers of Florida housing

- Residents spending time in Canada and U.S. face new government guidelines

Report shows deep gulf between the boom-time conditions in Calgary, Toronto and Vancouver, and the lacklustre activity almost everywhere else

Champions celebrated at special fifth anniversary conference and gala

- Thirty-nine per cent of small business owners have hired an employee with a disability, up from 29 per cent in 2013

- Almost 90 per cent of small business owners agree that workplace diversity is an asset but just 36 per cent report having a diversity program in place

- October is National Disability Employment Awareness Month

- More than half of Canadians stayed on budget

- Overspending averaged $1,165, with vacations leading the way

- Result means some consumers will have to cut back on winter holiday spending

- Canada leads G8 in proportion of residents born outside the country

- Almost half of new Canadians identified finding a job as the top challenge they face after arriving in the country

- More than 80 per cent of new Chinese-Canadians and South Asian-Canadians are focused on having enough money to cover daily expenses as their top financial priority

- Majority of business owners' expect their business to grow in 2015

- Business owners in British Columbia have the highest Confidence Index score heading into this fall

- More than half of Canadian businesses believe 2015 will be better

- Program has raised C$15 million in 10 years

- Program donates trading commissions from Canada, the United States and Europe

- Q2 growth hits 4.6 percent; BMO revises Q3 GDP growth estimate to 3.2 percent

- Slower economic growth around the globe will not derail U.S. momentum

- Global GDP forecast to increase in 2015 to just above 3.5 percent

Up to 100 Canadian legal and business decision-makers intent on growing diversity in their firms will gather in Toronto to discuss building a more diverse and inclusive workplace

- Two-thirds of business owners use mobile devices to run their company

- BYOD: Even split on companies providing a mobile device compared to those asking employees to bring their own device

- Canadian companies say costs, security weighed when considering BYOD policies

- BMO will donate the institutional equity trading commissions it earns on Sept. 24 to several charities

- More than C$13.4 million has been raised through the program since 2005

- BMO adds London commissions to trading-day drive

- Four in ten buyers have increased their price point by 21 per cent

- Preference for condos and detached houses fall, as semi-detached rises

- Ontario, B.C. and Alberta expect to spend more than national average

- BMO calls on Canadians to nominate their top community soccer coaches

- Coaches have a chance to win $1,000 for their teams

- Winners will be chosen by a panel of judges from the Vancouver Whitecaps, Toronto FC, Montreal Impact and Women's National team

- BMO releases report on outlook for economy, labour market and housing market in Halifax

- 6,000 jobs are expected to be created through 2016

- Sixty-eight per cent of women feel confident when investing, versus 83 per cent of men

- Almost 60 per cent of Canadians believe society supports men over women with respect to investing

- Women tend to make more informed decisions and report being more conservative investors than men

New offerings are ideal choices for younger Canadians looking for affordable, convenient insurance policies

- Sensational international equestrian competition ends in pride and happiness at Spruce Meadows with a second win for the Canadian team at the BMO Nations' Cup.

- Despite several inches of snow that fell just a few days prior to the competition, 80,253 dedicated fans showed up for the 2014 event.