More than two-thirds of Canadians between 18 and 34 anticipate purchasing, selling, managing and monitoring their investments online within the next five years, according to a BMO study released this weekend.
The study also found that currently, 20% of Canadians of all ages invest online, and that 65% see themselves doing so within five years.
“Canadians clearly are comfortable and have a passion for being online, and the Internet is a growing part of their daily lives,” said BMO InvestorLine president and CEO Vicki Lazaris.
“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.”
The study also found that Canadians are going online to:
- read the news (77%);
- conduct personal banking (77%);
- keep in touch with family and friends (75%);
- game (69%);
- pursue hobbies (63%); and
- shop (61%).
