All The Big Money Story stories

Your next financial planner might be a robot

Large Language Models like ChatGPT have been used to write everything from wedding vows to fragments of long-lost plays by Shakespeare. And soon, banks may even be using them to write your financial plan

Driving the news: Global names in financial planning, including JPMorgan Chase and Goldman Sachs, are experimenting with ways to use Large Language Models in the advice they give clients. 

Why you could be receiving a carbon rebate this year

Your bank account could be getting a helpful boost from the federal government this month as carbon price rebates roll out to more provinces

Driving the news: Canadians in Newfoundland & Labrador, Nova Scotia, and Prince Edward Island are now eligible for Climate Action Incentive Payments (AKA: the CAIP or carbon price rebate) as of July 1st. 

Canadians seeing multi-decade mortgage extensions

If you thought 25 years was a long time to spend paying off your mortgage, just wait until you see the multi-decade extensions some Canadians are getting (and not by choice, either). 

Driving the news: With interest rates spiking over the past year, many Canadian homeowners are watching their amortization periods – the length of time it takes to fully pay off a mortgage – increase anywhere from 60 to 90 years. 

Need a financial planner? You might end up with a salesperson instead

My bank finally caught on to the fact that I'm no longer a student and made me switch to a regular chequing account. Now I have to pay them $11 a month to keep my cash in their coffers—but they could be making a lot more off of me. 

Should the “sandwich generation” let their kids struggle?

If you’ve been on the internet for more than three weeks, you’ve likely come across the phrase “Okay, Boomer.” We’ve been blaming baby boomers for a lot of stuff lately, but the truth is, they might be keeping entire families afloat. 

The stock market is getting very top-heavy

Are we setting ourselves up for another 90s dot-com market bust? A gap between the top ten S&P 500 stocks and the other 490 has some experts worried that investors are putting all their investment eggs into too tech-centric of a basket. 

Should you really share your salary?

Discussing one's salary was once a taboo talking point, frowned upon as bad professional etiquette. Times may be changing, with some provinces even passing laws requiring pay transparency—but volunteering your salary info could come with downsides.

The dangers of spending while stressed

Some of us turn inwards and meditate when stressed out, some relieve stress externally—maybe with some retail therapy or a fun night out with friends. But did you know stressed-out spending can actually be bad for your financial future?

How much more do union workers make?

Want to make more money? You could switch careers or push for that promotion—or you could try to join a labour union.

Welcome to the new rewards economy

Remember the good old days of straightforward loyalty programs? It was simple—get a dozen Subway stamps and redeem them for a free six-inch Cold Cut Trio. Those flimsy paper cards made tracking your progress (and purchases) much easier than today’s programs.