News Releases
| Su | Mo | Tu | We | Th | Fr | Sa |
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| Su | Mo | Tu | We | Th | Fr | Sa |
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Oct 22, 2014BMO Report: Sixty Per cent of Canadian Entrepreneurs Concerned about Retirement and Cash Flow Issues
- Other top concerns among the nation's business owners include identifying income options and paying too much tax
- Three-quarters of entrepreneurs are focused on making improvements in their business operations and more than half are seeking to grow their business aggressively
- Majority of entrepreneurs do not have a succession plan in place for their business
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Oct 21, 2014BMO InvestorLine Announces Changes to adviceDirect to Make First-Of-Its-Kind Service More Accessible
- Minimum assets required to open an adviceDirect account lowered to $50,000 (previously $100,000)
- Annual account fees reduced from 1 per cent to 0.75 per cent
- Clients with assets over $500,000 will not pay any incremental fees
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Oct 20, 2014
- One-quarter would be stretched to afford a home in their current price range, while another one-third would need to consider less expensive options
- Sensitivity to rates magnified in high-priced west coast market
- According to BMO Economics, prices in major markets of Calgary, Toronto, and Vancouver are rising faster than average family income
- BMO recommends buyers stress-test their mortgage against a higher rate to ensure long-term affordability
