News Releases

- On average, high-net-worth Canadians plan to retire at age 60 and feel they need an average of $2 million for retirement

- Almost all will spend their golden years in Canada

- Travel, time with family, hobbies and volunteering will fill their time during retirement

BMO is here to help clients with foreign exchange needs, and supporting the expansion of Canadian business ties with China

- Industry leaders and other participants from 28 countries and 6 continents to attend one of the largest metals and mining investor conferences in the world

- Low oil prices, job growth and consumer spending helping to spur growth

- Solid growth expected throughout 2015

- Canadians spend an average of 64 hours per month on mobile devices

- Majority of tablet owners have banking apps on their tablet, with one third logging on daily

- Over the past year, mobile banking adoption has increased approximately 60 per cent

- Balancing Act: 30 per cent of card holders don't pay their bill every month

- Holiday Hangover? Average of $1192 accumulated in holiday spending credit card debt

- BMO encourages Canadians to use a credit card as a payment tool as opposed to a borrowing tool

BMO GOLDR SEC-registered securities provide investors with a secure and convenient way to purchase gold bullion

- More than $26 million raised for local United Ways and other charities across North America

- Nearly 90 per cent of BMO employees supported campaign through donations along with volunteering their time at hundreds of community charities

- Almost half of Millennials are optimistic about affording their ideal retirement lifestyle while just one-third of Boomers feel the same way

- Millennials feel they need an average of $442,000 saved to afford their ideal retirement lifestyle while Boomers feel they need $385,000

- Not having enough money saved and declining physical abilities among top retirement concerns for both groups

- Canadian ETF Industry Assets Are Expected to Reach $200 Billion by 2020

- BMO's ETF Business Led the Canadian ETF Industry in New Assets for the Fourth Year in a Row

- Trends Include Increased Use by Investors and Advisors, as Well as the Maturation of Smart Beta ETFs

BMO one of only two financial institutions from North America to be named to list

- Forty-two per cent of Canadians have already contributed to an RRSP, up seven per cent from this time last year and up 12 per cent from two years ago

- The average amount contributed to an RRSP in 2013 was $3,518

- One-third of Canadians who will not contribute to an RRSP this year cite "lack of funds available" as the reason