News Releases

- 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

- 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

- 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

- 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

- 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

- Thirty-nine per cent of small business owners have hired an employee with a disability, up from 29 per cent in 2013

- Almost 90 per cent of small business owners agree that workplace diversity is an asset but just 36 per cent report having a diversity program in place

- October is National Disability Employment Awareness Month

- Canada leads G8 in proportion of residents born outside the country

- Almost half of new Canadians identified finding a job as the top challenge they face after arriving in the country

- More than 80 per cent of new Chinese-Canadians and South Asian-Canadians are focused on having enough money to cover daily expenses as their top financial priority

- Four in ten buyers have increased their price point by 21 per cent

- Preference for condos and detached houses fall, as semi-detached rises

- Ontario, B.C. and Alberta expect to spend more than national average

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