News Releases

- Almost two thirds of entrepreneurs work more than 40 hours per week, which is above the average of just under 35 hours per week for the average American worker

- A majority do not have a succession plan in place for their business

- Reviewing income options, learning how to minimize taxes and choosing an insurance plan are among factors business owners should take into consideration

- High-net-worth Americans will give an average of $12,394 to charities in 2014, with holiday season donations accounting for more than one quarter (29 percent) of annual giving

- Forty-three percent will spend more this holiday season than they did in years prior to the 2008 recession, paying an average of $10,525 for gifts and holiday-related expenses

BMO recognized for: workplace diversity, employee learning and new-parent support programs

Annual event to take place December 9-10 at the Grand Hyatt Hotel in New York

Honour comes as The Globe and Mail recognizes BMO InvestorLine as the top bank-owned online brokerage in Canada

- Married/common law Canadians with children feel they need an average of $321 thousand in life insurance while singles feel they need $187 thousand

- Two thirds of Canadians believe that developing a critical illness or becoming disabled would have a significant financial impact on their or their family's standard of living

- Only 16 per cent of Canadians have purchased insurance policies that cover death, critical illness and disability

- Active traders will now receive exclusive benefits of the 5 Star program, including priority call handling, preferred interest rates and access to expert research

- In addition to their account asset amount, Self-Directed clients can now qualify for the 5 Star program by the number of trades they complete per quarter

- Those with Gold Star and Platinum Star status will have access to the new BMO Market Pro platform, which streams real-time market data, news and analysis

- Portfolios managed based on child's year of birth and gradually become more conservative the closer the child gets to entering post-secondary education

- Designed for education savings and to be held in Canadians' RESPs

- Eighty-six per cent of Canadian parents want easy-to-understand investments that align with the date their child plans to attend a post-secondary institution

- Charitable giving levels rise for third year in a row, with more than 80 per cent saying they have made a donation in the past 12 months

- Canadians have good intentions for 2015, with 90 per cent expecting to make a donation averaging $720

- Health, anti-poverty and animal welfare continue to be causes of choice for Canadians

- BMO partners with ChangeIt to offer Canadians the ability to donate to their favourite charities by setting 'round up' amounts on BMO MasterCard purchases

- Consumers can use credit card to 'round-up' amounts on their purchases to charities of choice

New funds address investors' need for growth and income

- Includes smart beta quality and dividend strategies plus innovative fixed income

- New ETFs address investors' demand for factor screening and income

- BMO AM's ETF line-up now stands at 62 ETFs

- Higher employment and strong U.S. dollar to support consumer spending

- All eyes on Apple iPhone 6 sales, expected to hit 65 million units

- Activision's Call of Duty, Ubisoft's Assassin's Creed and Far Cry, and Take-Two's Grand Theft Auto V seen as likely best sellers

- BMO DepositEdge gives businesses an easy-to-use desktop scanner and web-based software to capture cheque images securely and deposit them into their BMO business accounts.

- BMO(R) business customers mitigate security risks, increase efficiency and save time and money.

- BMO DepositEdge gives businesses the ability to make deposits more quickly and improve cash flow.

- Canadians hold an average of $17,490 in their TFSA, with nearly half using their account for retirement savings

- Only one-in-five Canadians are aware of the $5,500 maximum annual contribution to a TFSA

- One-in-ten TFSA holders have over-contributed in the past, costing an average of $412.50 in penalties

- BMO Asia USD Investment Grade Bond ETF provides access to a portfolio of high quality Asia bonds

- BMO Hong Kong Banks ETF provides targeted exposure to banking stocks listed on SEHK

- BMO Asia High Dividend ETF provides exposure to more than 150 high dividend paying companies

- Three quarters of those who have done charitable giving have donated up to $10,000; the average donation amount in 2013 was $5,217

- More than half donate to "impact their community" while just 21 per cent donate to reduce taxes

- Among concerns around donating cited, 43 per cent of affluent Canadians mentioned a fear that their gift will not be used wisely

- Federal government agencies benefit from BMO's sophisticated controls and simplified spend analysis and MasterCard's best-in-class global acceptance

- More than 32,500 BMO-issued purchasing cards issued accounting for 90 per cent of the Canadian government purchasing card spend

- Contract renewal follows BMO and MasterCard's selection as the federal Government of Canada's official travel & entertainment (T&E) card provider in 2013

- Travel continues to take priority, while decreased spending on entertaining and gifts lead decline

- While 28 per cent took on debt as a result of spending in 2013, only 11 per cent expect to do the same this year

- Slower job growth, elevated debts and volatile stock market contributing to cautious consumer mindset, while lower gasoline prices offer a positive offset