Posthaste: Increasing cost of living is eroding Canadians' retirement confidence [Yahoo! Finance Canada]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Yahoo! Finance Canada
Two-thirds of Canadians say inflation has made it difficult to save for retirement, while 74 per cent said high prices have added to the concerns that their retirement nest egg may not be enough, according to a recent survey by Bank of Montreal. Canada's inflation rate inched lower to 2.3 per cent in January, but a 16.7 per cent drop in gas prices was the main factor behind the dip. Without gas prices, inflation was three per cent, right on the upper limit of the Bank of Canada's target range. Among those who said inflation is hurting their savings prospects, about half said they are paying between $100 and $300 more per month for necessities, while a third said it's costing them more than $300 extra. Canadians are trying to make up the difference, with 31 per cent saying they are contributing less to retirement, 27 per cent are cutting back on spending and 17 per cent are pausing retirement savings altogether. As a result, they may be falling behind on retirement savings. Ca
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BMO
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- 12/4/25 - Beat
BMO
Sec Filings
- 2/18/26 - Form FWP
- 2/18/26 - Form FWP
- 2/18/26 - Form FWP
- BMO's page on the SEC website