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Canadians now expect to need $1.7M in order to retire: BMO survey

Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.

Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. A man looks over a brochures offering various retirement savings options Friday, February 3, 2012 in Montreal. (THE CANADIAN PRESS/Ryan Remiorz)

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Climate and Environment

Asia set to use half of world's electricity by 2025, new report says

Asia will for the first time use half of the world's electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency. Much of Asia's electricity use will be in China, a nation of 1.4 billion people.

Opinion

opinion

opinion | Tom Mulcair: This is why the federal health-care proposal is so disappointing

Justin Trudeau has thrown in the towel in the fight to maintain the federal role as gatekeeper of a public, universal, accessible and fair health-care system in Canada, writes former NDP leader Tom Mulcair in an exclusive column for CTVNews.ca. 'That could have tragic consequences for folks on the lower rungs of the social and economic ladder.'

Prime Minister Justin Trudeau speaks with media as he arrives for a health care meeting with premiers, Tuesday, February 7, 2023 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

opinion

opinion | Don Martin: Alarms going off over health-care privatization? Such an out-of-touch waste of hot political air

The chances Trudeau's health-care summit with the premiers will end with the blueprint to realistic long-term improvements are only marginally better than believing China’s balloon was simply collecting atmospheric temperatures, Don Martin writes in an exclusive column for CTVNews.ca, 'But it’s clearly time the 50-year-old dream of medicare as a Canadian birthright stopped being such a nightmare for so many patients.'

opinion

opinion | How much rent can you afford?

Many Canadians have continued to see an increase in their rental rates in 2023. In an column on CTVNews.ca, personal finance contributor Christopher Liew explains how to calculate how much rent you can afford.

opinion

opinion | Don Martin: Trudeau meets the moment – and ducks for cover

Based on Justin Trudeau's first-day fail in the House of Commons, 'meeting the moment' is destined to become the most laughable slogan since the elder Pierre Trudeau’s disastrous campaign rallying cry in 1972, which insisted 'the land is strong' just as the economy tanked.

W5 HIGHLIGHTS

9 things to know about medical assistance in dying for mental illness

In Canada, Medical Assistance in Dying is changing. In 2023, people who have a mental disorder as their sole underlying medical condition will become eligible for an assisted death. Originally, that was scheduled to happen on March 17, but the government has asked for a delay. CTVNews.ca/W5 outlines 9 things you need to know about MAiD.