Finance news

Wondering whether you should rent or buy? Buying your own home is often viewed as a major financial milestone. But the financial case for owning a home isn’t as simple as ‘mortgage payment versus rent.’Homeownership can build equity and provide long-term housing stability, but elevated home prices and borrowing costs put it out of reach for some. And while renting avoids the upfront cost of buying and can preserve more cash for savings and investments, high rents can make it ha

I’ve written before about what happens when financial expertise becomes a blind spot, and about taking ownership of your financial life instead of handing decisions over to someone else. This isn’t another version of either of those.This is about something that happened between me and a professional I was working with on a significant financial decision. I’m going to conceal most of the details: what kind of decision, what their expertise is, the actual numbers. Not because any

When a couple separates, the family home is often one of their largest assets. It can also become one of the biggest sources of disagreement. One spouse may think the home is worth $1.2 million; the other may believe it’s closer to $1 million. One might point to what a neighbor’s house recently sold for, while the other relies on an online estimate.But in a divorce or separation, there is another question that can be just as important as how much the property is worth: what date are

Here’s a round-up of news for Canadian investors this week.
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Banks are looking to ramp up artificial intelligence use for millions of customers, but executives say hurdles abound and checks need to be built in. At the Canada Fintech Forum on Tuesday, banking and tech leaders said financial institutions have yet to weave AI through a majority of their systems, such as apps and data storage, even as the industry blazes a trail in machine learning adoption.Michael Pelosi, the country manager for Canada at Toronto-based AI company Cohere, called it a “m