Most Canadians plan to invest online
By National Underwriter
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)
Originally published on LifeHealthPro.com