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Yahoo
4 days ago
- Business
- Yahoo
Rogers enters into definitive agreement to sell portfolio of data centres
Rogers will continue to sell connectivity and data centre services into the facilities Proceeds will be used to pay down debt TORONTO, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced it has entered into a definitive agreement with InfraRed Capital Partners to sell its portfolio of nine Rogers Business data centres. Rogers will continue to sell data centre services on behalf of InfraRed and will provide network connectivity to the data centres. InfraRed is part of Sun Life, a leading Canadian-based financial services company, and is an experienced digital infrastructure owner. Both organizations will work to ensure a seamless transition for Rogers Business customers. The transaction is part of Rogers planned sale of real estate and non-core assets. Rogers intends to use the net proceeds from the transaction to repay debt. The transaction is expected to close by year end 2025, subject to customary closing conditions and regulatory approval. The transaction does not include Rogers corporate data centres used for the company's network and IT purposes. Forward-Looking StatementsThis news release includes 'forward-looking information' within the meaning of applicable securities laws relating to, among other things, Rogers maintaining a retail presence in the facilities and providing network connectivity to the facilities post-closing, our intended use of proceeds from the transaction, the closing of the transaction on the terms described in this news release and the expected timing of the closing of the transaction. Forward-looking information may in some cases be identified by words such as 'will', 'anticipates', 'expects', 'intends' and similar expressions suggesting future events or future performance. We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. Any forward-looking information contained in this news release represent expectations as of the date of this news release and is subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein. Forward-looking information is provided herein for the purpose of giving information about the transaction and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes. The completion of the transaction is subject to closing conditions, regulatory approval, termination rights and other risks and uncertainties. Accordingly, there can be no assurance that the transaction will occur, or that it will occur on the terms and conditions contemplated in this news release. The transaction could be modified, restructured or terminated. About Rogers Communications is Canada's leading communications and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit or For more information:Investor Mediamedia@
Yahoo
15-07-2025
- Business
- Yahoo
Looking to AI for a financial plan? Take it more as guidance than gospel, experts say
As Canadians increasingly turn to AI chatbots for help with everyday tasks like meal planning, workout routines and even mapping out vacation itineraries, some are also using it to help manage their money. "It's a personal financial assistant," said Martin Dasko, a content creator focused on personal finance. One way Dasko uses AI is to set up savings plans for upcoming vacations by giving ChatGPT a prompt about his savings target and asking for a plan on how to achieve that amount within a specific timeline. "It'll give you a monthly plan to follow," he said. "It's all in one spot … You can get a table, a chart and it's easier than ever." In the age of do-it-yourself investing and robo-advisers, AI chatbots have become another go-to for many young Canadians to set up budgets and map out financial goals. But experts say you need to have a solid sense of your finances first in order to get suitable answers. "There is a little bit of work that the individual needs to do to be confident and accurate in the numbers that it produces," said Sun Life financial planner Katelyn Aitcheson of AI chatbots. That means knowing the basics such as the difference between your fixed and variable expenses, recurring versus one-time expenses and even what your net worth is. Aitcheson recalled a client who recently bought a new home and turned to a generative AI chatbot to help decide whether to get life insurance or mortgage insurance for the house. "It did give her a high-level overview of the differences between personally-owned life insurance and mortgage insurance," Aitcheson said. But the AI response was missing the nuances. The chatbot didn't tell the client that she could buy additional insurance coverage to cover income replacement or that she could potentially reduce her coverage in a personal life insurance policy over time, Aitcheson said. Still, AI chatbots are finding a place in managing everyday money. "For a lot of people, the ability to grab some basic information very quickly and easily, and kind of cut through the noise, I think, is very powerful," Aitcheson said. She said the technology can offer a fairly accurate breakdown of money allocation for financial goals such as saving for retirement or paying off a student loan — or at least putting a user on the right path. Dasko said the most common prompt people can use is: "Help me create a monthly budget with (insert) income and (insert) expenses." AI would then offer a budget style people can choose from, he said. Then, Dasko suggested customizing the plan with prompts such as: "Where can I cut $100 to start saving more?" or "Help me save $10,000 in the next year," and "What's a realistic monthly plan, or weekly plan or quarterly plan?" But it's not always safe to ask AI questions that may contain sensitive information, Check Point's cybersecurity evangelist Jane Arnett warned. Canada doesn't yet have any legislation protecting AI users, and it's hard to know how the data is stored or used. "Stop and think: 'Okay, with this that I'm putting in here, what would happen if I was giving this to someone who was trying to rob me right now?'" Arnett said. "Basically, assume that anything you're putting into these systems is public information," she said. She also cautioned that users might receive incorrect or half-baked information if the prompts aren't specific enough. "You could end up with advice that is wrong, that is maybe for people in the United States but doesn't apply to people in Canada, maybe advice that's outdated," she said. Arnett suggested verifying the information or financial plan spat out by the AI chatbot with a human financial adviser. "You'll walk in knowing more and having a better and deeper conversation with your financial planner," she said. This report by The Canadian Press was first published July 15, 2025. Ritika Dubey, The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
