News Releases

- Canadians carrying an average of $92,000 in debt and paying $1,165 in monthly debt servicing costs

- However, more than half believe they will be debt free within the next five years

- Sixty-five per cent plan to travel three times or more a year for pleasure

- High-net worth travelers expect to spend an average amount of $5,665 per trip, three times more than Canadians as a whole

- Most plan to travel within North America and during the winter and summer seasons

- Housing is identified as the single largest monthly expense

- Fifty-five per cent have splurged ($10,000 or more) on one item

- Retired Canadians' biggest surprise about retirement? Not having enough time to do everything they would like

- One third regret past financial decisions, including impulse spending and going over budget

- Canadians are able to put aside an average of $450 in savings per month

- New BMO Savings Builder Account rewards Canadians who save on regular basis

BMO Congratulates New Corporate Partners for Supporting Critical Basic Research

- Canadians expect to spend an average of $2,038 on weekend trips and longer vacations

- Canadians just want to have fun: Socializing accounts for 39 per cent of summer expenses

- Nearly half say they have often lived beyond their means in the summer time

- New $6 Biz Basic(TM) Plan from BMO(R) offers seven transactions(1) and seven items(2) on deposit per month, with no minimum balance required

- Customers can take advantage of added bonuses, including double CashBack(R) rewards(3,4) and three months free(5) on new sign-ups for PAYD Pro(TM)++ from Moneris(R)++ PAYD(TM)++

- BMO Poll found that the majority of Canadian small business owners (54 per cent) are seeking a less complicated banking experience(i)

Latest white paper outlines approach to target date funds, focusing on balancing investor risks and outcomes

- Majority of Canadians expect interest rates to rise in the next five years

- Freedom 65? One third expect to have a mortgage on their 65th birthday.

- Region would rank as the world's third largest economy if it were a country

- Quebec's ties to Great Lakes States significant; account for 20 per cent of exports and 6 per cent of imports

- U.S. economy expected to grow 2.2 per cent in 2015; Canadian growth at 1.5 per cent

- National index ranks residents of each province on who is most successful at managing their wealth by looking at a variety of criteria

- Saskatchewan places first among the provinces with a score of 72.9

- Saskatchewan residents score well in having a financial strategy; opportunities exist for them to improve by reducing their level of debt and having a will in place

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Quebec places second behind Saskatchewan among provinces

- Quebecers scored well on having a low level of debt and having a financial strategy but could improve by consulting a professional to help develop their financial plan and by contributing to a rainy day fund

- Index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- PEI places eighth among the provinces

- PEI residents scored well in having a financial strategy and having a life insurance policy in place; opportunities exist for them to improve by working with a professional to ensure effectiveness of their financial plan and prioritizing saving to sustain their lifestyle

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Ontario places sixth among the provinces

- Ontarians scored well in having a financial strategy and having a life insurance policy in place; opportunities exist for them to improve by working with a professional to ensure the effectiveness of their financial plan and prioritizing savings to sustain their lifestyle

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Nova Scotia was in the middle of the pack, placing fifth

- Nova Scotians scored well because of having low levels of debt and having a financial strategy in place, but could improve in their amount of assets and ensuring the effectiveness of their financial plan by working with a professional

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Newfoundland & Labrador had the fourth highest score among the provinces

- Residents achieved high scores because of their relatively low level of debt and likelihood of having a financial strategy, but could improve by increasing their assets and contributing to a rainy day fund

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Manitoba places seventh among the provinces

- Manitobans scored well in having a financial strategy and having a life insurance policy in place; opportunities exist for them to improve by working with a professional to ensure effectiveness of their financial plan and prioritizing saving for retirement

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- New Brunswick residents have, on average, $69k of debt

- Opportunities exist for them to improve by working with a professional to ensure effectiveness of their financial plan and prioritizing saving for retirement

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- British Columbia places ninth among the provinces in the inaugural study

- British Columbians score well in the high value of their assets and having a financial strategy in place; opportunities exist for them to improve by reducing debt and contributing to a rainy day fund

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Alberta's score of 70.6 is above the national average of 69.3

- Albertans scored well because of the high value of their assets and having robust rainy day funds, but could improve by reducing their level of debt and working with a professional to ensure effectiveness of their financial plan

- Index ranks residents of each province on who is most successful at managing their wealth

- Saskatchewan places 1st among provinces in inaugural study

- Canadians score highest in having a financial strategy and having a life insurance plan in place; opportunities exist for them to improve by working with a professional to ensure efficacy of their financial plan and prioritizing saving for retirement

- Two thirds of Canadians feel they are financially prepared for a major life change