News Releases

- Only six per cent of students use their credit cards to pay for school expenses

- Of that six per cent, only three-in-10 expect to graduate with more than $1,000 in credit card debt

- Most students (56 per cent) taking advantage of discount programs and loyalty rewards programs to lower their day-to-day living expenses

BMO Economics forecasts wine sector will continue to outpace other alcohol sales

85 per cent of businesses have no contingency plan developed in case of a major environmental disaster

BMO will issue a financial tip each day throughout the month of November

BMO Forecasts Canadian Retail Sales will be up by 2 per cent this October

- Most popular Fall renovation projects include bathroom, kitchen and bedroom

- More than half plan to spend less than $1,000; one-third expect to spend up to $5,000

- Canadians relying mostly on savings to fund renovations; taking a DIY approach to save money

- Site will help Canadians feel more confident about their financial situation; offers a variety of online calculators, worksheets and checklists

- New study from BMO indicates that almost two-thirds of Canadians have a financial plan, up 10 per cent from 2010

- Of the 36 per cent who don't have a plan, most say they don't know where to start and/or feel they don't have enough money to start a plan

- Six in ten business owners plan to charge the same amount next year

- Prices expected to rise an average of 1.3 per cent in 2013

- Businesses in Alberta, and those operating in the services, manufacturing, and construction sectors are the most likely to raise prices

- Increasing volume and better use of technology seen as more effective strategies to increase business value than raising prices

- RDSPs can help provide financial security for individuals with disabilities

- The program combines the advantages of tax deferred investment growth with the opportunity to receive government subsidies

- However, despite the many advantages of RDSPs, only 13 per cent of Canadians with disabilities have an RDSP account

On October 24th, BMO's Paul Taylor and Jack Ablin will discuss the potential implications of the U.S. election as well as other key global market drivers

Inaugural report tracks confidence in Canada's housing market among Canadian homeowners

- Buying intentions: 46 per cent intend to buy a property in the next five years; however, the market would cool quickly if prices increase by five per cent

- Price expectations: Most homeowners in Canada expect modest price increases in all cities and provinces over the long term with the exception of those in Vancouver

- Mortgage affordability: Over half have made cutbacks over the past year to make mortgage payments

- Team's strong regular season record clinches playoff spot

On October 24th, BMO's Paul Taylor and Jack Ablin will discuss the potential implications of the U.S. election as well as other key global market drivers

- Equities expected to resume their upward trend

- The U.S. housing market has improved and consumers are spending more compared to Q2

- Significant drop in yield on Italian and Spanish 10-year bonds suggests lower perceived risk in the Eurozone

- China's stimulus measures demonstrate the country is on track for a soft landing

- BMO to hold BMO Ultimate Fan Appreciation Nights in 40 Canadian Hockey League arenas from October 23 to December 12 as part of year two of its four-year partnership with the Canadian Hockey League

- BMO's Ultimate CHL Fan Contest will provide a lucky fan in the Ontario Hockey League (OHL), Western Hockey League (WHL) and Quebec Major Junior Hockey League (QMJHL) with a trip for two to the 2013 MasterCard Memorial Cup in Saskatoon

- Most with a will intend to keep their money in the family, with 60 per cent designating it to their children

- Almost a third of children know they are included in their parents' will but do not know exactly what they will receive; 17 per cent are not aware that they are in the will at all

- Ongoing communication with immediate family is among key factors to ensure effective estate planning