The debate over renting versus buying a home continues to divide financial experts and prospective homeowners, with no single answer that fits everyone. Traditionally, buying a home is presented as a way to build long-term equity and stability, while renting is promoted for its flexibility and lower upfront costs. But as homeownership becomes increasingly out … Read more

Economists are finding some encouraging signs in Canada’s latest inflation figures, but many caution that the Bank of Canada may still need clearer evidence before moving to cut its key interest rate next month. Statistics Canada reported the annual inflation rate fell to 1.7% in July, down from 1.9% in June. The July reading was … Read more

In a move aimed at making its asset-allocation exchange-traded funds (ETFs) more accessible to new and smaller investors, BMO Asset Management implemented three-for-one unit splits for a number of its portfolios effective August 15. The splits apply to funds including the BMO Balanced ETF (ZBAL), the BMO Growth ETF (ZGRO) and the BMO All-Equity ETF … Read more

Ask MoneySense I own an investment condo in my name and I plan to sell it. I’d like the proceeds divided so half are paid to me and half to my spouse. Our idea is to each make the maximum RRSP contribution to reduce the capital gain reported. Is this plan legal, effective, and advisable? … Read more

A new Equifax Canada report reveals a growing divide in financial stability across Canadian households, even as the overall rate of missed credit payments eased slightly in the second quarter. The credit bureau found that 1.4 million Canadians missed at least one credit payment in Q2 — an increase of 118,000 from the same period … Read more

A new survey by the Bank of Canada shows that Canadians continue to carry and use cash even as digital payment methods become more widespread. Published in 2024, the central bank’s survey finds that Canadians held an average of $156 in cash on hand—about $16 more than in 2023. Adjusted for inflation, the Bank of … Read more

Air Canada has announced significant revisions to its Aeroplan loyalty program that will take effect Jan. 1, 2026. The biggest shift: members will earn Aeroplan points primarily based on how much they spend rather than the distance they fly and the fare class they purchase. The airline is also replacing its existing status-qualification metrics with … Read more

Gildan Activewear Inc. has transformed from a possible takeover candidate last year into the acquirer, announcing the purchase of HanesBrands Inc. for US$2.2 billion. Montreal-based Gildan said the transaction will combine a highly efficient manufacturing platform with widely recognized apparel brands, creating a stronger foundation for future growth and competitive advantage. “Today is a historic … Read more

As personal finance writers, our lives often become part of the story. Readers of Retired Money know my age and that I recently converted my RRSP into a RRIF. This summer brought several notable shifts on the PF beat, including the departure of long-time Globe and Mail columnist Rob Carrick, whom I interviewed over Zoom … Read more

After you’ve spent time planning a summer getaway, the last thing you want is to be forced to find new travel arrangements. Yet some travellers may soon face that exact problem as Air Canada prepares for a potential work stoppage. The carrier has said it will begin gradually suspending flights starting Thursday after the union … Read more