News Releases

- More than half of Canadians have a TFSA, with an average of $17,133 in their accounts

- Less than a quarter of Canadians consider themselves to be 'very knowledgeable' about TFSAs

- One-in-ten TFSA holders contributed more than their limit in 2015

- Smart beta, fixed income and currency exposure continue to be key trends in the industry

- BMO's ETF business led the Canadian ETF industry in net new assets for the fifth consecutive year

- Canadian ETF industry assets are expected to reach $250 billion in AUM by 2021

- Sixty-one per cent will be making a contribution before the February 29th deadline, down three per cent from last year

- For those who have already contributed, the average amount is $3,984 (up from $3,738 last year); for those planning to contribute, the average amount is $3,327 (up from $2,892)

- Knowledge gap: just 41 per cent are very familiar with the program

Longer lifespans, paired with drop in birth rates, create drag on global productivity growth - emerging markets buck trend

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- Canadians are optimistic their investment portfolios will increase, despite perceived market volatility

- Canadian investors remain cautious about their investments, consistent with previous years

- Moderate global economic growth, supportive monetary and fiscal policy and reasonable equity valuations to support good opportunities in equities in 2016

- With the launch of SmartFolio, BMO now has one of the most extensive suites of investing services available to Canadians

- The new offering provides a digital and hands-off approach that is aligned to individual investment objectives for those who have as little as $5,000 to invest

- Service created with simplicity, intuitiveness and transparency as guiding design principles

- Other resolutions include: become healthier, spend more time with friends or family and improve their financial situation

- Fifty-four per cent will donate to health/medical causes this year and 48 per cent to anti-poverty charities

- Fifty-eight per cent do not have a strategy in place for donating to charity

- One third of parents with children aged 18-34 are willing to have a less comfortable retirement to support their children

- Forty-two percent are concerned their adult children have or will have financial problems caused by debt

- Forty percent said they received financial support when they were young adults themselves

Survey reveals shopping trends and Canadians' plans to avoid a Holiday Hangover in 2015

-- Only 12 per cent expect to incur debt this holiday season

-- Two-thirds say they prefer to shop using their credit card to earn rewards points

- Over 80 percent of respondents expect the U.S. economy either to improve or stay the same in 2016

- More than 70 percent of respondents expect to see business growth in 2016; only two percent believe their business will shrink