News Releases

- 2 per cent rate on 1 year GIC available on any new BMO RRSP contributions

- In volatile market conditions, BMO recommends Canadians seek out safe, short term investment options to park their savings

- Canadians place much higher importance on salary and job flexibility than a good pension plan when evaluating job opportunities

- More than half do not know what their ideal workplace pension would look like

- Half of working Canadians have already had five or more employers; 20 per cent expect to have worked for 10 or more employers over their careers

- New screening tools, access to Morningstar reports and enhanced site layout will help investors make better mutual fund investing decisions

- BMO InvestorLine awarded Top bank-owned online broker from The Globe and Mail in 2008, 2009 and 2011

- New screening tools, access to Morningstar reports and enhanced site layout will help investors make better mutual fund investing decisions

- BMO InvestorLine awarded Top bank-owned online broker from The Globe and Mail in 2008, 2009 and 2011

Take a step back this RRSP season to ensure your investing portfolio suits your life stage

Take a step back this RRSP season to ensure your investing portfolio suits your life stage

- More than a third of Canadians don't know the difference between a TFSA and an RRSP

- 44 per cent of Canadians have a TFSA; more than 60 per cent have an RRSP

- Average annual TFSA contribution is $3,700, average RRSP contribution in 2010 was $4,700

- BMO offers tips on how both vehicles can work together

More Locations Added in Rural Communities for Customers to Use Video Conferencing to Reach Financial Planners

- Making Money Make Sense "virtually" in over 50 locations in British Columbia, Manitoba, Ontario, Quebec, Nova Scotia

- BMO expands video conferencing service so more customers can now access financial planners, commercial and small business specialists, investment advisors

- Video conferencing offers timely access for TFSA and RRSP contributions

- Exchange Traded Fund (ETF) market grew by 13 per cent in 2011

- 2012 will see more product launches, innovation and increased price competition among providers

- Cost effectiveness, transparency and liquidity helping fuel ETF growth

Moving all investments under one roof can simplify your life as well as save you time and money

Get pre-approved and be guaranteed this rate for the next 90 days

- Almost 60 per cent of Canadians are confident in their ability to save for retirement versus fewer than 40 per cent of Americans

- Almost 90 per cent of Americans are concerned about the performance of their 401K, while approximately two-thirds of Canadians express similar concerns about their RRSP

- However, half of both Canadians and Americans say they have or may have to delay their retirement or work part-time because of a shortage of retirement savings

The Right Mortgage for Right Now

- Almost two-thirds of Quebecers feel confident in their ability to save for their ideal retirement lifestyle

- Forty per cent have or will be making a contribution to an RRSP before the February 29, 2011 deadline - above the national average

- More than half either feel the same or are more optimistic about the markets compared to last year

- However, more than 60 per cent are concerned about the performance of their RRSPs

- One-in-three lack confidence in their ability to save for retirement - twice as many as during the 2010 tax year

- More than two-thirds express concern over the performance of their RRSP, given market volatility and the state of the economy

- Almost 70 per cent of Canadians plan on contributing more or the same amount to their RRSP this tax year compared to last

- In 2010 the average RRSP contribution was $4,700

- Almost 60 per cent of B.C. residents believe they are on the right path to realize their ideal retirement lifestyle

- However, 72 per cent are worried about the performance of their RRSPs given the current state of the economy

- B.C. residents most likely in Canada to contribute less to their RRSP than last tax year

- Three-in-five Albertans are confident in their ability to save for their ideal retirement lifestyle-making them among the most confident in Canada

- Yet, almost half of those surveyed do not plan to make an RRSP contribution this tax year

- Seventy-eight per cent of Albertans express concern over the performance of their RRSP, given market volatility and the state of the economy

- Residents in Manitoba and Saskatchewan lead country in RRSP adoption

- More than 40 per cent have or will be making a contribution to an RRSP this tax year

- Prairie Provinces are the most optimistic when it comes to their outlook for the financial markets

- However, more than three quarters are concerned about the performance of their RRSPs given current financial markets

- 49 per cent feel that they are on track to realize their ideal retirement lifestyle

- More than a quarter have or will be making a contribution to an RRSP before the February 29, 2012 deadline

- Almost half feel either the same or more optimistic about the financial markets going into 2012 compared to last year

- However, one-third believe they will have to delay retirement or work part-time during retirement

- Almost three-quarters of Ontarians plan on contributing the same amount or more to their RRSP during the 2011 tax year compared to 2010

- More than half are confident in their ability to save for their ideal retirement

- Given market volatility and the state of the economy, almost three-quarters of Ontarians are concerned about the performance of their RRSP

- Extended family members can play an important role in helping ensure the long-term financial well-being of a Canadian with a disability

- The holiday season is an excellent time for family to discuss the long-term financial needs of a relative with a disability

- BMO Holiday Spending Survey shows consumers are better prepared for holiday shopping now than in 2010, with most planning weeks or months in advance

- However, 11 per cent of Canadians still consider themselves last-minute shoppers

- Men more likely to leave gift shopping until the last minute (13 per cent vs 8 per cent of women)

- Canadians will donate an average of $487 in 2011

- Charitable donations usually spike during the holiday season and so do fraudulent charity schemes

- It's critical for Canadians to do their due diligence before making a donation

- BMO study finds that most grandparents give approximately $100 a year in gifts to each of their grandkids

- A holiday gift of $100 a year from each set of grandparents to an RESP can provide a child with up to $11,000 for their post-secondary education

- Current cost of a four-year degree can be up to $60,000; it could be as high as $140,000 for a child born in 2011

- BMO offers advice on how to maximize education savings

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

- Over 78,000 franchises across Canada employ more than 1 million people

- Franchising accounts for over 10 per cent of Canada's GDP

- Franchised businesses account for over 40 per cent of all retail sales

BMO Reiterates that the 25 Year Amortization is the Right Mortgage for Right Now

- Only 37 per cent of Canadian parents have appointed a guardian

- 80 per cent of parents would look to family when choosing a guardian

- Majority don't know how much money they would leave to a guardian to cover additional expenses

- The holiday season is an excellent time to begin discussing guardianship with family and friends

- December 31st deadlines loom for Canadians who want to minimize taxes on their investments

- BMO survey finds that three-quarters of Canadians don't consider tax implications when investing; 40 per cent are not confident they're taking advantage of all tax incentives

- New program offers simple and cost effective way to buy and hold physical gold

- Allows investors to hold gold in a custodial account or arrange for home delivery

- Program helps farmers mitigate risk and manage cash flow

- BMO AgriInvest account allows farmers to increase their savings through market-leading rate

- Almost 60 per cent of B.C. residents believe they are on the right path to realize their ideal retirement lifestyle

- However, 72 per cent are worried about the performance of their RRSPs given the current state of the economy

- B.C. residents most likely in Canada to contribute less to their RRSP than last year

- Almost two-thirds of Quebecers feel confident in their ability to save for their ideal retirement lifestyle

- Forty per cent have or will be making a contribution to an RRSP this year above the national average

- More than half are either more optimistic or feel the same about the financial markets compared to last year

- However, more than 60 per cent are concerned about the performance of their RRSPs

- One-in-three lack confidence in their ability to save for retirement - twice as many as last year

- More than two-thirds express concern over the performance of their RRSP, given market volatility and the state of the economy

- Almost 70 per cent of Canadians plan on contributing more or the same amount to their RRSP this year compared to last year

- In 2010 the average RRSP contribution was $4,700

- Three-in-five Albertans are confident in their ability to save for their ideal retirement lifestyle- making them among the most confident in Canada

- Yet, almost half of those surveyed do not plan to make an RRSP contribution this year

- Seventy-eight per cent of Albertans express concern over the performance of their RRSP, given market volatility and the state of the economy

- 49 per cent feel that they are on track to realize their ideal retirement lifestyle

- More than a quarter have or will be making a contribution to an RRSP this year

- Almost half are either more optimistic or feel the same about financial markets this year compared to last year

- However, one-third believe they will have to delay retirement or work part-time during retirement