News Releases

Releases Inaugural Report "Single in Retirement"

January through March is typically the busiest period for out-of-country travel

- Trips out of country increased 5.9 per cent last year

- Spending by Canadians abroad grew 11.24 per cent

- Top U.S. Destinations include New York, Florida, Washington

- Domestic travel expected to increase modest 1.8 per cent in 2012

- BMO offers tips on foreign exchange and payment options for travellers

Access to capital, developing a business plan, and finding customers top challenges

- Food and hospitality, retail/services, and arts/entertainment & recreation most favoured sectors

- 52 per cent of Canadians believe access to capital to be the primary challenge to starting their own business

- 86 per cent of potential entrepreneurs say sharing knowledge with other business owners will be important to their success

- Midnight, February 29th is the deadline for contributing to an RRSP

- BMO offers multiple options for Canadians looking to contribute

- BMO media spokespeople available to provide last-minute RRSP advice

Tony Robson and David Haughton hosting BMO Capital Markets' 21st Global Metals & Mining Conference this week

- Outlook for copper factors in strong demand from China

- Gold consumption in India and China has been a key driver of the market

- Major outflows in burgeoning ETF industry carry potential risk to impact silver prices

- Calming Eurozone Situation Inspiring Market Confidence

- US Stocks Poised for Double-Digit Returns

- Commodities Should Help Drive Canadian Equities

Writing a story on retirement or investing? Need some background, a quote, a different perspective?

Call the BMO RRSP Media Hotline at 1-866-298-8385 or e-mail Rachael McKay at rachael.mckay@bmo.com

Report combines expertise from BMO's Economists with on-the-ground anecdotal information from BMO's Commercial Bankers

- Sixty per cent of Canadian investors have target dates in mind to reach their financial goals

- However, only half feel their investments are aligned to support their key life events such as marriage, the purchase of a home and retirement

- BMO LifeStage Class Mutual Funds and Corporate Bond Target Maturity Exchange Traded Funds (ETFs) help address this by reducing the risk as a key life event approaches

Report combines expertise from BMO's Economists with on-the-ground anecdotal information from BMO's Commercial Bankers

BMO offers tips and advice on next steps for pre-approved house hunters

Canadian couples not discussing key retirement planning details

- More than half of Canadian couples have not discussed their desired retirement lifestyle, when or where to retire or the amount of money they'll need

- Almost one-third do not have detailed insight into how much their partner has saved for retirement

- For Canadian couples retirement planning is more stressful than Valentine's Day

- The majority worried about more market turmoil in the year ahead; unsure of where to invest in the meantime

- Seven in ten Canadians believe fixed income investments play important role in protecting against market volatility

- Safe investment options, such as GICs and bonds, provide protection amid uncertain market conditions

- BMO accounted for almost half of all Canadian ETF growth in 2011

- BMO ETFs also ranked #1 in customer loyalty

- Success attributed to products that responded to investor needs during volatile times

- Key drivers included income focused and low volatility ETFs