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
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, provided the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” used open source attack tools that are free and available for download by anybody. Attendees learned where to find and how to operate these tools for the purpose of testing their own IT infrastructure. The...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of 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. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
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.
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...