Media Advisory-BMO Media Panel: Canadians, Mortgages and Retirement

- BMO Financial Group to hold conference call on the issues Canadians face regarding mortgages and retirement

- Almost half of Canadians aged 50 to 59 currently have mortgage debt

- Debt is the number one barrier preventing Canadians from saving for retirement

Marketwired

TORONTO, ONTARIO--(Marketwire -05/15/12)- Many Canadian homeowners are juggling the responsibilities of balancing mortgage payments and saving for retirement. Retiring with debt can drastically affect short-and long-term financial goals and plans.

According to Statistics Canada:

 

-- More than three-quarters of Canadians aged 50 to 59 own their homes;
almost half carry a mortgage
-- For those aged 60 to 69, 75 per cent own their homes and more than a
quarter still have a mortgage

BMO experts will present key findings from a new study on debt and retirement and address the issues they raise. A media Q&A will follow the presentation.

Details:

 

What: Mortgage and Retirement Panel

Who: Tina Di Vito, Head, BMO Retirement Institute
Laura Parsons, Mortgage Expert, BMO Bank of Montreal

When: Wednesday, May 16, 2012; 10:00 a.m. - 10:30 a.m. EDT


Media Dial-in: Toll Free 1-888-789-9572 or 416-695-7806
Pass code: 1659626

Contact:

To confirm your attendance or if you have any questions,
please contact:
Jessica Park, Toronto
416-867-3996
jessica1.park@bmo.com

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