Most Canadians plan to invest online News added by National Underwriter on May 14, 2013
National Underwriter

National Underwriter

Joined: April 22, 2011

By Warren S. Hersch

Nearly two-thirds of Canadians plan to start investing online, according to a BMO InvestorLine study released on Friday.

The study finds that 65 percent of Canadians say they will likely start investing online in the next five years. Also, more than 80 percent of those between 18 and 34 years old expect to purchase, sell, manage and monitor their investments online by 2018.

The study finds that almost 20 percent of Canadians currently invest online. This number could more than triple in within the next decade as more Canadians expecting to come on board.

According to the survey, other activities that Canadians of all ages are doing online include:
  • Reading the news (77 percent)
  • Personal banking (77 percent)
  • Keeping in touch with family and friends (75 percent)
  • Gaming (69 percent)
  • Hobbies (63 percent)
  • Shopping (61 percent)
"Canadians clearly are comfortable and have a passion for being online, and the Internet is a growing part of their daily lives," says Viki Lazaris, president and CEO of BMO InvestorLine. "Online investing is a natural extension of that, offering investors more control over their portfolios, the ability to monitor their investments 24/7 and access to extensive research and tools."

Originally published on LifeHealthPro.com
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Post Press Release