Canadians think they need to save this much money in order to retire: BMO survey [BNN Bloomberg (Canada)]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: BNN Bloomberg
According to an annual retirement survey from the Bank of Montreal, or BMO, Canadians estimate they need an average of $1.7 million to retire comfortably — up sharply from about $1.54 million last year. But the perceived target varies widely by region. B.C. tops the list, where residents say they need about $2.2 million to retire — the highest estimate in the country. Ontario follows at roughly $1.9 million, while Albertans put their retirement target at about $1.66 million. In contrast, Canadians in Prairie provinces like Saskatchewan and Manitoba report needing closer to $1.28 million, while Quebec residents estimate they will need about $1.24 million. Atlantic Canada has the lowest perceived retirement threshold, at approximately $928,000 - less than half of what people in B.C. believe they require. The survey suggests these regional differences are largely tied to variations in housing costs and overall cost of living, which can affect how much people feel they must save to
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BMO
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BMO
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- 2/26/26 - Form 424B2
- 2/26/26 - Form FWP
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