News Releases

- Almost half of high-net worth Ontarians were either born outside of Canada or are first generation Canadians

- More than one-third of Ontario's wealthy are women

- Sixty-four per cent are self-made millionaires

- Education is key: 77 per cent hold at least a university a degree; just 14 per cent have a high school diploma or less

- Thirty-six per cent of affluent Albertans are women

- More than two-thirds of high-net worth individuals in Alberta are self-made

- Education pays: 78 per cent hold at least a university degree; only 11 per cent have a high school diploma or less

- Sixty-eight per cent of high-net worth British Columbians were born outside of Canada or are first generation Canadian

- Nearly three quarters of the wealthy in B.C. are self-made millionaires

- Majority of the wealthy are over the age of 50

- Ninety-two per cent of high-net worth individuals in Quebec have completed a graduate, professional or undergraduate degree, compared to 80 per cent nationally

- Nearly two-thirds of millionaires in Quebec are self-made

- Forty-four per cent were either born outside of Canada or are first generation Canadian

- Two-thirds of affluent Canadians are self-made millionaires

- Almost half of Canada's wealthy are either immigrants or first generation Canadians versus only one-third in the U.S.

- One-third of high-net worth Canadians are women, compared to 21 per cent in 2010

- Education Matters: 80 per cent have at least an undergraduate university degree

- U.S. millionaires tend to be younger than Canada's

- However, Canadian economy will likely lag that of the U.S. over the next year

- Gold prices drop, but still overvalued

- U.S. equity markets continue upward trend

- Return on bonds driven more by term exposure than by credit type

- Canadians plan on spending an average of $3,073 on vacations between May and September

- Top vacation concerns include: requiring medical attention, bad weather and losing something of value

- Only half regularly purchase travel insurance before leaving home

- Cost of a broken leg can cost up to US$20,000 in the U.S.; an air ambulance trip from Florida to Ontario can run up to US$15,000

- Young and Connected: Eighty-one per cent of Canadians between the ages of 18 and 34 see themselves investing online in the next five years

- Percentage of online investors could more than triple within the next decade

- Majority of Canadians spend at least 30 hours per week online

- Top current online activities include browsing the news, personal banking and keeping in touch with family and friends

- BMO InvestorLine offers two unique online investing services to help different types of investors get started

- BMO's studio branch opens within Pointe-Nord condo building to provide customers with convenient location

- Studio branch concept features an open layout, customer meeting spaces and free WiFi connectivity

- BMO branch represents a $450,000 investment in the community

- Offering customers extended banking hours, including Saturdays

Donation to fund entrepreneurship professorship, 210 scholarships and program development

- Eight-in-ten Canadians expect to receive a tax refund this year

- Thirty-seven per cent will use their refund to pay down debt; 20 per cent plan to invest their refund

- According to the Canada Revenue Agency, the average tax refund is $1,585

- BMO Nesbitt Burns offers tips on how Canadians can use their tax refund wisely

- Personal income tax filing deadline fast approaching in Canada and U.S.

- The roughly 1 million Americans living in Canada could owe taxes in both countries

- New IRS amnesty policy encourages Americans living in Canada to get caught up

- BMO Nesbitt Burns' investment advisors can introduce you to an external cross-border tax advisor

- Federal Government Employees to Benefit from Industry-Leading Card Acceptance

- BMO enables access to detailed travel spend data to streamline travel management, meet transparency requirements

- Cards will be fully integrated with HRG's world-class booking, expense, and data management solutions

- Agriculture in Canada accounts for 8.1 per cent of total GDP and $63.5 billion in global trade

- Canadians try to purchase home-grown poultry, vegetables, beef, fruit and cheese always or frequently

- BMO encourages Canadians to buy locally produced food and beverages this holiday weekend

- Newly-launched BMO Wealth Institute helps Canadians better prepare for a confident financial future

- A four-year university degree can cost up to $140,000, yet three-quarters of Canadian parents with children under 18 have not made a detailed estimate

- Only half take advantage of the RESP

- Report outlines several options beyond RESPs to help save for college or university

- Innovative new ETFs designed to help investors construct their portfolio more effectively

- Expansion of U.S. dollar unit offerings allow investors more choice in how they access different asset classes

- BMO AM's suite has grown to 55 ETFs in under four years

- Canadian ETF industry grew by 33 per cent in 2012

- Newly-launched BMO Wealth Institute helps Canadians better prepare for a confident financial future

- A four-year university degree can cost up to $140,000, yet three-quarters of Canadian parents with children under 18 have not made a detailed estimate

- Only half take advantage of the RESP

- Report outlines several options beyond RESPs to help save for college or university