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:
"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."
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