They spill more than we drink
I should have known when I read the title of the study, Mortgages or Margaritas, which choice Jamie Golombek, managing director of CIBC Wealth Advisory Services, would take. With RRSP season about to wrap up next Monday, readership on the thorny question Golombek was addressing – pay down the mortgage or invest your money in a balanced portfolio – was bound to be high. Surveys have shown that three-quarters of Canadians favour paying down debt but Golombek says that “when interest rates on debt are low, the short-sighted objective of getting out of debt now may actually negatively impact your...
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