Interview Opportunity - Market volatility: What Canadians need to know about saving



    TORONTO, Oct. 16 /CNW/ -

    
    WHAT:  Due to recent ups and downs in the market, many investors are
           anxious about their investment portfolios and unsure of what to do
           next. Economic fears looming, Canadians are wondering how they
           should jump-start their savings for a "rainy day."

    WHY:   Twenty years ago, even during an economic recession, Canadian
           households managed to save about 20 per cent of their after-tax
           income. In 2005 the savings rate averaged zero.(*) Experts agree
           that now is not the time to panic. Instead, smart Canadians should
           review and possibly rejig their savings habits.

    WHO:   BMO Financial Group has national and regional experts available to
           speak about the following:
              -  How investors can stay protected in turbulent markets
              -  Why the Canadian savings rate is at an all-time low
              -  How much should investors be saving?
              -  Tips and advice for becoming a smart saver
              -  How to use the new Tax Free Savings Account to grow personal
                 savings and investments tax-free
              -  What is a well-balanced portfolio and how do investors
                 achieve one?

    (*) The Vanier Institute of the Family. The Current State of Canadian
        Family Finances. January 2005; The Vanier Institute of the Family.
        The Current State of Canadian Family Finances: 2005 Report. February
        2006
    





For further information:

For further information: To arrange an interview, contact Deborah Rowe,
Toronto, deborah.rowe@bmo.com, (416) 867-3996; Lucie Gosselin, Montreal,
lucie.gosselin@bmo.com, (514) 877-1101; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596; Internet: www.bmo.com


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