(BMO Financial Group - Survey) https://newsroom.bmo.com/ BMO Annual RRSP Study: Canadians Using RRSPs to Fund Everyday Expenses and Debt Repayment https://newsroom.bmo.com/index.php?s=2429&item=129091 - Average amount Canadians have taken out of their RRSPs is $17,213 - Approximately one in five use funds for living expenses (21 per cent) or to pay down debt (18 per cent) - National survey with regional breakdowns Tue, 07 Feb 2017 15:05:00 -0500 https://newsroom.bmo.com/index.php?s=2429&item=129091 BMO Annual RRSP Study: Fewer Canadians to Contribute This Year, but Average Contribution Amount Increases Significantly https://newsroom.bmo.com/index.php?s=2429&item=129083 - Forty-six per cent have already contributed or plan to contribute before the March 1st deadline, down four per cent from last year - For those who have already contributed this year, the average amount is $5,088 - an increase of $1,100 over last year - National survey with regional breakdowns Wed, 01 Feb 2017 14:26:00 -0500 https://newsroom.bmo.com/index.php?s=2429&item=129083 BMO Wealth Management Report Examines Charitable Giving of Canada's Wealthy and Provides Insight into Philanthropic Landscape https://newsroom.bmo.com/2016-11-15-BMO-Wealth-Management-Report-Examines-Charitable-Giving-of-Canadas-Wealthy-and-Provides-Insight-into-Philanthropic-Landscape <p>- More than four in five donated $10,000 or less in the past 12 months</p><p></p><p>- Fifty-two per cent say they choose to donate to charities to which they have a personal connection</p><p></p><p>- More than half say their motivation to give is the desire to have an impact on their community; only 21 per cent say they give to reduce taxes</p><p></p><p>- BMO launches a donor-advised fund, the BMO Charitable Giving Program, to give Canadians more options for giving</p> Tue, 15 Nov 2016 08:00:00 -0500 https://newsroom.bmo.com/2016-11-15-BMO-Wealth-Management-Report-Examines-Charitable-Giving-of-Canadas-Wealthy-and-Provides-Insight-into-Philanthropic-Landscape Female Entrepreneurs Find Navigating Challenges of Running a Start-Up Easier Than Male Counterparts: BMO Small Business Report https://newsroom.bmo.com/2016-10-31-Female-Entrepreneurs-Find-Navigating-Challenges-of-Running-a-Start-Up-Easier-Than-Male-Counterparts-BMO-Small-Business-Report <p>When given a list of common hurdles, including achieving work-life balance and obtaining capital, women running start-ups expressed less difficultly dealing with challenges than men</p> Mon, 31 Oct 2016 06:00:00 -0400 https://newsroom.bmo.com/2016-10-31-Female-Entrepreneurs-Find-Navigating-Challenges-of-Running-a-Start-Up-Easier-Than-Male-Counterparts-BMO-Small-Business-Report BMO Wealth Management Report: The Majority of Canadian Private Business Owners Are Not Financially Prepared For Retirement https://newsroom.bmo.com/2016-10-20-BMO-Wealth-Management-Report-The-Majority-of-Canadian-Private-Business-Owners-Are-Not-Financially-Prepared-For-Retirement <p>- Seventy-two per cent surveyed have saved less than $100,000 for their retirement</p><p></p><p>- More than one third of business owners said they would sell to buyer(s) outside of the family</p><p></p><p>- BMO offers tips on how private business owners can create a retirement plan</p> Thu, 20 Oct 2016 08:15:00 -0400 https://newsroom.bmo.com/2016-10-20-BMO-Wealth-Management-Report-The-Majority-of-Canadian-Private-Business-Owners-Are-Not-Financially-Prepared-For-Retirement Half of Canadian Entrepreneurs Project Continued Growth in 2017: BMO Small Business Report https://newsroom.bmo.com/2016-10-13-Half-of-Canadian-Entrepreneurs-Project-Continued-Growth-in-2017-BMO-Small-Business-Report <p>- Business owners demonstrate cautious optimism moving into 2017</p><p></p><p>- Employee hiring and online presence continue to propel momentum for small businesses across the country</p> Thu, 13 Oct 2016 06:00:00 -0400 https://newsroom.bmo.com/2016-10-13-Half-of-Canadian-Entrepreneurs-Project-Continued-Growth-in-2017-BMO-Small-Business-Report Female Entrepreneurs More Confident Than Men in Making Risk-Related Decisions: BMO Wealth Report https://newsroom.bmo.com/2016-09-29-Female-Entrepreneurs-More-Confident-Than-Men-in-Making-Risk-Related-Decisions-BMO-Wealth-Report <p>More than 75 percent of women entrepreneurs are confident about making risk-related business decisions, compared to 66 percent of men</p> Thu, 29 Sep 2016 07:00:00 -0400 https://newsroom.bmo.com/2016-09-29-Female-Entrepreneurs-More-Confident-Than-Men-in-Making-Risk-Related-Decisions-BMO-Wealth-Report Reducing or Eliminating Debt is Americans' Primary Financial Goal: BMO Wealth Report https://newsroom.bmo.com/2016-08-29-Reducing-or-Eliminating-Debt-is-Americans-Primary-Financial-Goal-BMO-Wealth-Report <p>- Millennials worry about savings more than any other age group</p><p></p><p>- Over 40 percent of Americans are concerned about being unprepared for unexpected expenses</p> Mon, 29 Aug 2016 09:20:52 -0400 https://newsroom.bmo.com/2016-08-29-Reducing-or-Eliminating-Debt-is-Americans-Primary-Financial-Goal-BMO-Wealth-Report BMO Report: Canadian Millennials are Summer's Smartest Spenders https://newsroom.bmo.com/2016-08-04-BMO-Report-Canadian-Millennials-are-Summers-Smartest-Spenders <p>- Millennials are on par with older generations for setting budgets in advance of a season of high spending </p><p></p><p>- Millennials are the most likely age group to pay off their credit card balances in full, and the least likely age group to carry a large credit card balance </p><p></p><p>- Millennials are the least likely of any age group to use summer as an excuse to spend without considering long-term implications</p> Thu, 04 Aug 2016 06:00:00 -0400 https://newsroom.bmo.com/2016-08-04-BMO-Report-Canadian-Millennials-are-Summers-Smartest-Spenders BMO Wealth Management Study: Canadians' Number One Financial Priority is to Reduce or Eliminate Debt https://newsroom.bmo.com/2016-08-02-BMO-Wealth-Management-Study-Canadians-Number-One-Financial-Priority-is-to-Reduce-or-Eliminate-Debt <p>- The most important financial priority for Millennials is to save more, while those aged 55 and over prioritize investing effectively and tax efficiency </p><p></p><p>- Twenty-nine per cent of Canadians are concerned they will not be able to save enough to reach their financial goals</p><p></p><p>- Millennials are more likely to have savings concerns (35 per cent) compared to Boomers (29 per cent)</p> Tue, 02 Aug 2016 08:15:00 -0400 https://newsroom.bmo.com/2016-08-02-BMO-Wealth-Management-Study-Canadians-Number-One-Financial-Priority-is-to-Reduce-or-Eliminate-Debt Investment in Innovation to Remain Strong in 2016 for U.S. Businesses - BMO Harris Bank Study https://newsroom.bmo.com/2016-06-09-Investment-in-Innovation-to-Remain-Strong-in-2016-for-U-S-Businesses-BMO-Harris-Bank-Study <p>Over Half of Business Owners and Executives Surveyed Expect Their Investment in Innovation to Increase</p> Thu, 09 Jun 2016 07:00:00 -0400 https://newsroom.bmo.com/2016-06-09-Investment-in-Innovation-to-Remain-Strong-in-2016-for-U-S-Businesses-BMO-Harris-Bank-Study BMO Report: Half of Canadians' Savings Affected by Summer Spending Habits https://newsroom.bmo.com/2016-06-09-BMO-Report-Half-of-Canadians-Savings-Affected-by-Summer-Spending-Habits Thu, 09 Jun 2016 06:00:00 -0400 https://newsroom.bmo.com/2016-06-09-BMO-Report-Half-of-Canadians-Savings-Affected-by-Summer-Spending-Habits BMO Report: Rent-Weary Millennials Not in a Hurry to Become Home Owners; Need to Save Accordingly https://newsroom.bmo.com/2016-04-26-BMO-Report-Rent-Weary-Millennials-Not-in-a-Hurry-to-Become-Home-Owners-Need-to-Save-Accordingly <p>- Millennials view home ownership as an important investment rather than an important milestone, and as a means to, potentially, build equity</p><p></p><p>- Three quarters express not feeling pressured to own property by a certain age or life stage</p><p></p><p>- Two thirds agree they have other priorities or goals before purchasing a home</p> Tue, 26 Apr 2016 06:00:00 -0400 https://newsroom.bmo.com/2016-04-26-BMO-Report-Rent-Weary-Millennials-Not-in-a-Hurry-to-Become-Home-Owners-Need-to-Save-Accordingly Top Tax Questions Canadians Are Asking This Year: BMO Survey https://newsroom.bmo.com/2016-04-22-Top-Tax-Questions-Canadians-Are-Asking-This-Year-BMO-Survey <p>BMO Wealth Management's John Waters answers the top five tax-related questions in a new online video series</p> Fri, 22 Apr 2016 08:30:00 -0400 https://newsroom.bmo.com/2016-04-22-Top-Tax-Questions-Canadians-Are-Asking-This-Year-BMO-Survey First-Time Millennial Home Buyers Expect to Spend Average of $350,000: BMO Report https://newsroom.bmo.com/2016-04-13-First-Time-Millennial-Home-Buyers-Expect-to-Spend-Average-of-350-000-BMO-Report <p>- Millennials on average expect to spend $350,000 on their first home, with two thirds anticipating $35,000 of that amount via familial assistance for a 15 per cent down payment</p><p></p><p>- Many millennials rent their home rather than buying because of affordability, with one third unsure of whether they'll ever be able to buy a home</p><p></p><p>- Half are most concerned with being able to afford their monthly mortgage payments once they buy</p> Wed, 13 Apr 2016 06:00:00 -0400 https://newsroom.bmo.com/2016-04-13-First-Time-Millennial-Home-Buyers-Expect-to-Spend-Average-of-350-000-BMO-Report