Although 62% of Canadians are currently optimistic about the future of the stock market, only 13% say they are more likely to invest in equities, according to a survey results released Tuesday by BMO Nesbitt Burns.

The survey, conducted by Leger Marketing on behalf of BMO Nesbitt Burns, examined investors’ attitudes towards the stock market. Only one-third (37%) of Canadians stated that they actually made changes to their investment portfolio since the onset of the recession in September 2008. Of those who did, 54% were motivated by an investment professional to do so.

“With Canadians having experienced two bear markets in the last decade, it’s not surprising that investors may be a bit wary of the stock market,” says Michael Herring, managing director and investment strategist, BMO Nesbitt Burns.

“For investors looking to enter the markets, the best thing to do is seek out the advice of an investment advisor who can work with you to identify your investment goals and help you develop a financial plan that effectively balances risk,” Herring says.

Other key findings:

> Men are more likely than women to invest in equities (25% vs. 13%) and are more likely to make changes to their investment accounts (41% vs. 34%);

> Men are also more optimistic about the future of the stock market relative to women (69% vs. 55%);

> Three in 10 Canadians (29%) do not hold any investments.

“The survey results clearly demonstrate that investors’ portfolios did not change significantly over the course of the recession,” says Herring. “As a result, many investors may not have taken advantage of beneficial investment opportunities. Over long periods of time, stocks have outperformed other asset classes, and with equity markets at fair value on our gauges, we would expect continued gains in the current bull market. Now may be the perfect time for investors of all levels to re-examine their portfolios.”

The survey was completed with 1,502 Canadian adults and was conducted using Leger Marketing’s Web panel between September 20 to 23.

IE