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
(*) 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
For further information:
For further information: To arrange an interview, contact Deborah Rowe,
Toronto, firstname.lastname@example.org, (416) 867-3996; Lucie Gosselin, Montreal,
email@example.com, (514) 877-1101; Laurie Grant, Vancouver,
firstname.lastname@example.org, (604) 665-7596; Internet: www.bmo.com