News Releases

New offerings are ideal choices for younger Canadians looking for affordable, convenient insurance policies

- Sensational international equestrian competition ends in pride and happiness at Spruce Meadows with a second win for the Canadian team at the BMO Nations' Cup.

- Despite several inches of snow that fell just a few days prior to the competition, 80,253 dedicated fans showed up for the 2014 event.

- The majority have dipped into their fund for a non-emergency

- Women more likely to dip into their fund, but men dip in for much more

- Media are invited to attend this annual event showcasing a number of leading companies in the for-profit education industry

- Panel discussions on a number of topics ranging from the impact of technology on the industry to international opportunities

- Luncheon panel with executives of the world's largest educational publishing companies

- The largest and longest-running institutional investor conference focused exclusively on the education sector

- Top honour awarded to BMO Harris Private Banking for the fourth year in a row

- Strong performance and outstanding client service among the key factors that set it apart as a leader in the Canadian private banking sector

Germany defends its two-year championship title in $300,000 show-jumping team event

- The majority has under $10,000 set aside for a financial emergency

- A quarter of Canadians have one month or less in savings

- Report reveals variances for regions and income levels

- Best Practices in Law Department Diversity

- Best Practices in Compliance Systems

- Attendance by institutional investors & real estate CEOs and CFOs from the U.S. and Canada

- Keynote addresses by renowned investor Sam Zell and Edward Sonshine, CEO of RioCan REIT-Canada's largest REIT

- Graduating student artists from across Canada will display their award-winning work at the Museum of Contemporary Canadian Art (MOCCA) in Toronto from October 2 to 26, 2014

- Media and industry invited to launch event on Wednesday, October 1, 2014

- Two thirds of graduating students believe their degree will lead to a job that allows them to buy a house and support a family

- Graduating students discover they didn't incur as much debt as they may have thought in first year

- First year students more optimistic on 'life after graduating' than fourth and fifth year students

- Flexible work hours, and education, training and development top the list

- Retention-promoting strategies vary based on company size; large organizations more likely to offer various employee retention strategies

- Debt levels and stress impact the young and old

- 35 - 54 year olds hold highest debt levels, but majority don't feel stressed

- Majority of Millennials feel debt-related stress is the source of missed activities, lost sleep and arguments

- S&P 500 expected to gain upwards of 7 per cent by next year

- Financial and healthcare sectors will lead the way

- Since March 2009, S&P has rallied nearly 200 per cent

- Student assistance programs (18 per cent), child's savings (17 per cent) and scholarships (11 per cent) identified as other sources of funding

- Seventy per cent of parents are worried that their children will not be able to afford university or college

- Two-thirds of parents have opened an RESP, up from 52 per cent in 2012

- 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