Welcome!

News Feed Item

Parents Spending Over $800 on Their Minor Hockey Stars This Hockey Season: Scotiabank Poll

Scotiabank Offers Advice so Parents Can Start Savings for Next Hockey Season

TORONTO, ON--(Marketwired - March 18, 2014) - This hockey season has young players out in full force in arenas, rinks and ponds across Canada to play the country's favourite sport. Their number one fans, their parents, expect to spend on average $849 for their kids' hockey season, down from $1,026 in 2010, according to the Scotiabank Community Hockey Poll. While many hockey parents say organized minor hockey is affordable (65%), one-third (35%) feel it isn't. Scotiabank offers parents advice on getting a head start on saving for next season before their kids hang up their skates this winter. 

Quick Facts:

  • One-third (34%) of parents expect to spend over $1,000 on their children's hockey this year.
  • The amount parents expected to pay for their kids' hockey rises depending on their ages: those with kids ages 3-8 expect to pay $696; those with players ages 9-12 expect to pay $915; and those with teenage players ages 13-17 plan to spend $933.
  • One of the biggest expenses for parents is out-of-town tournaments ($486 vs. $201 for in-town tournaments). The biggest expense parents listed for out of town tournaments is accommodations (74%), followed by food (14%) and transportation (12%).
  • Four-in-ten (40%) hockey parents believe their children's hockey expenses are high and have to cut back spending in other areas to make it work.
  • One-quarter (26%) of hockey parents believe the costs of their children's hockey can be overwhelming.
  • When it comes to planning for their children's hockey expenses, three-quarters (75%) of parents do at least some planning.
  • The top ways Canadian hockey parents cut back on the costs of the hockey season are by purchasing or sourcing used hockey equipment (56%) and by carpooling with other parents to and from games and practices (42%).

Scotiabank and Hockey:

  • To help make hockey more affordable for Canadian families, Scotiabank has a number of resources, programs and tools available.
  • The Scotiabank Community Hockey Sponsorship Program sponsors more than 5,000 minor hockey teams across Canada. Since the program started 5 years ago, the Bank has supported over 15,000 teams across the country. The program provides funding directly to the team to help offset some of their expenses.
  • Online at www.scotiabank.com, parents can take advantage of the Scotiabank Hockey Season Calculator, to help them manage their finances and plan properly for hockey related costs.  

Quotes:

"It's incredible how much the cost of hockey equipment has grown since I first started playing," said Cassie Campbell-Pascall, Scotiabank Hockey Ambassador and Canadian Olympic gold medalist. "Minor hockey is such an important part of Canadian communities and it is something that needs support to grow, which is why programs like the Scotiabank Community Hockey Sponsorship Program are so important."

"Hockey means so much to Canadians, especially for kids as they learn about sportsmanship and working together as a team. It is also a sport that can be expensive for parents, especially as their kids get older," says Ahmad Dajani, Vice President, Investments, GICs & Sales Tools at Scotiabank. "As this hockey season winds down, it's the perfect time to start saving for next year. By using tools like the Scotiabank Hockey Season Calculator and visiting a financial advisor to help you plan ahead for hockey expenses, you can build up money throughout the year and be able to focus on helping your kids build memories."

Planned Hockey Spend

----------------------------------------------------------------------------
                                                       Age of Kids Playing  
Expected hockey expenses    Total        Region               Hockey        
                                   -----------------------------------------
                                   East Central  West   3-8   9-12   13-17  
----------------------------------------------------------------------------
Not planning to spend any                                                   
 money                         2  %  2 %    3  %  <1 %   2  %   2  %    1  %
----------------------------------------------------------------------------
Less than $100                 3  %  2 %    4  %   4 %   5  %   2  %    3  %
----------------------------------------------------------------------------
$100 to less than $250         10 %  9 %    13 %   7 %   13 %   9  %    7  %
----------------------------------------------------------------------------
$250 to less than $500         16 %  17%    14 %  16 %   21 %   11 %   15  %
----------------------------------------------------------------------------
$500 to less than $750         19 %  20%    21 %  16 %   21 %   20 %   17  %
----------------------------------------------------------------------------
$750 to less than $1,000       17 %  18%    15 %  17 %   16 %   19 %   15  %
----------------------------------------------------------------------------
$1,000 or more                 34 %  31%    30 %  40 %   22 %   38 %   42  %
----------------------------------------------------------------------------
Mean expected hockey                                                        
 expenses:                  $ 849  $837  $ 795  $ 918 $ 696  $ 915  $  933  
----------------------------------------------------------------------------

About the polling data
The 2013 Scotiabank Community Hockey Poll was conducted online using Harris/Decima's online panel. A total of 1,000 completed surveys were collected from a sample of panel members across Canada who have children under the age of 17 who play hockey. The surveys were conducted from October 1 to October 11, 2013.

About Scotiabank

Scotiabank is the Official Bank of the NHL®, NHL Alumni™, CWHL, Vancouver Canucks®., Winnipeg Jets®, Toronto Maple Leafs®, Ottawa Senators, Edmonton Oilers® and the Calgary Flames® whose home arena is the Scotiabank Saddledome. The Bank also has a partnership with the Montreal Canadiens®. Scotiabank has a long tradition of supporting hockey in Canada from local teams and minor hockey associations to professional players and leagues. Across Canadian communities coast to coast, Scotiabank's Community Hockey Sponsorship Program reaches out to over 5,000 minor hockey teams. To find out more about Scotiabank's hockey programs, please visit www.facebook.com/scotiahockeyclub.

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through Bright Future, our global philanthropic program, Scotiabank and its employees support causes at a grassroots level across six pillars: health, education, social services, arts and culture, environment and sports. Recognized as a leader for our charitable donations and philanthropic activities, Scotiabank has contributed on average some $50 million annually over the last five years to community causes around the world. Visit us at www.scotiabank.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Judith Hurwitz is president and CEO of Hurwitz & Associates, a Needham, Mass., research and consulting firm focused on emerging technology, including big data, cognitive computing and governance. She is co-author of the book Cognitive Computing and Big Data Analytics, published in 2015. Her Cloud Expo session, "What Is the Business Imperative for Cognitive Computing?" is scheduled for Wednesday, June 8, at 8:40 a.m. In it, she puts cognitive computing into perspective with its value to the busin...
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...