Survey shows more than one third of Canadians either trading online or are considering doing so

BMO InvestorLine will extend its low flat rate of $9.95 per trade to more clients beginning December 1, the online brokerage firm said Tuesday.

The Bank of Montreal (TSX:BMO) joins several online brokerages in announcing new pricing plans.

BMO InvestorLine says its low pricing will be available to clients with $50,000 in assets invested through BMO InvestorLine and applies to trades for Canadian and U.S equities made through online or automated telephone services.

“The asset level needed to qualify for this new rate will be easier to reach because clients can also combine assets from any BMO InvestorLine accounts over which they have trading authority,” the brokerage says.

Canadian and U.S. option trades will be subject to the same flat rate plus $1.25 per contract. All other BMO InvestorLine Online Brokerage rates remain unchanged.

“Our research shows that more than one third of Canadians have either adopted online trading or are seriously considering it as a way to manage their investments,” says Connie Stefankiewicz, president and CEO, BMO InvestorLine.

IE