News Releases

- One of the busiest shopping periods of the year

- Only one-third of post-secondary students relying on family and friends for financial assistance

- BMO Economics: total retail sales are expected to climb 3.5 per cent to 4 per cent this back-to-school season

Ground-breaking poster campaign garnering global attention

- $818,000 is the Average Amount This Cohort Feels They Need to Have for Retirement, but the Average Amount They Have Saved to Date is Just $258,000

- More Than Half Are Currently Caring for Children, Aging Relatives, or Both

- Seventy-Six per cent Feel That the Stress of Everyday Living is Impacting Their Ability to Meet Long Term Financial Goals

- However, the Good News Is This Cohort Has Years to Make Up for the Shortfall

- Service sector job growth has led the way; manufacturing industry expected to pick up

- BMO Hiring Report shows large businesses more likely to expand their workforce than small businesses

- Alberta businesses lead the way on plans to increase size of workforce in 2014

Simon Fish Named Among Top 25 Most Influential Lawyers in Canada

More Canadians Have a Mortgage, Fewer With Credit Card Debt and Student Loans Unchanged

- Alberta has the highest household debt, Quebec has the lowest

- Ontario and Prairies have decreased household debt from last year

- More Canadians with a mortgage as Millennials entering the housing market

- Six-in-ten Canadians will be reducing their summer driving

- Over half will opt for a staycation to reduce travel costs

- Millennials summer plans are the most impacted by rising costs

- Inflation-adjusted hog prices highest since 1990s; cattle prices highest since 1980s

- Rising red meat prices to cost Canadian households more than $100 on average

- Consumers paying double-digit year-over-year increases for beef and pork in grocery stores

- Pork prices should fall later this year; beef prices likely to drop in late 2015

- National winner receives $10,000 and 12 regional winners from across Canada awarded $5,000

- 13 winning works showcased October 2 to October 26, 2014 at Museum of Contemporary Canadian Art, Toronto

- Professional services sector comprised of specially trained professionals: pharmacists, veterinarians, architects, engineers and lawyers

- Investing in the professional services industry most attractive to business owners aged 18-39

- BMO Economics: Professional services sectors has grown at a rate of 3.1 per cent over the past 15 years, a full percentage point faster than rest of the economy

- By 2061, there will be more than 78 thousand centenarians living in Canada

- Greatest concern among Canadians when thinking about living to 100 is losing their mental abilities

- Three-quarters feel that health/medical costs will have the biggest financial impact on their senior years

- Canadians expect to spend an average of $5,391 a year on out-of-pocket medical costs after the age of 65

- Pent-up demand in U.S.; average vehicle age is more than 11 years old

- Canadian buying preferences starting to mirror U.S; more vehicles per household

- Auto sector expected to remain on upward trajectory for the next few years

- Canadian ETF market currently stands at $70.1 billion in AUM, up more than 11 per cent from year end 2013

- International efficiencies, rise of smart beta ETFs, and increased competition have fueled industry in 2014

- Trends moving forward will include growth in ETF-based portfolios

- Seventy per cent of Canadians are not fully confident with their amount of life insurance coverage

- Eighty-eight per cent are not very familiar with the different types of life insurance options available

- Almost two-thirds believe that you should buy a life insurance policy as early as possible to take advantage of low premiums