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Bank of Canada holds key interest rate, but warns of looming hikes

The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won't stay there for much longer. The trendsetting rate has been at its rock-bottom level since March 2020 during the first wave of the COVID-19 pandemic as the economy went into a downturn and three million jobs were lost.

A woman walks past the Bank of Canada Wednesday September 6, 2017 in Ottawa. (THE CANADIAN PRESS/Adrian Wyld)

Russia threatens retaliation if Ukraine demands not met

Russia warned Wednesday it would quickly take 'retaliatory measures' if the U.S. and its allies reject its security demands over NATO and Ukraine, raising pressure on the West amid concerns that Moscow is planning to invade its neighbour.

A serviceman stands in a trench on the territory controlled by pro-Russian militants near the frontline with Ukrainian government forces in Slavyanoserbsk, Luhansk region, eastern Ukraine, Jan. 25, 2022. (AP Photo/Alexei Alexandrov)

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OPINION

OPINION | Tom Mulcair: Ukrainian Canadians wield a lot of influence

With her deep experience in the U.S., Deputy Prime Minister Chrystia Freeland can and should play a significant role in finding a peaceful solution in Ukraine, if she can overcome her Russophobe bent, former NDP leader Tom Mulcair writes in his latest column for CTVNews.ca.

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Climate and Environment

Greek army helps remove vehicles on snow-plagued road

Greek army and municipal crews removed hundreds of vehicles Wednesday that had been stranded in snow for three days along a road linking Athens to its international airport, as authorities struggled to clear blocked thoroughfares and restore power to blacked out parts of the capital.

Opinion

OPINION

OPINION | Tom Mulcair: Ukrainian Canadians wield a lot of influence

With her deep experience in the U.S., Deputy Prime Minister Chrystia Freeland can and should play a significant role in finding a peaceful solution in Ukraine, if she can overcome her Russophobe bent, former NDP leader Tom Mulcair writes in his latest column for CTVNews.ca.

Deputy Prime Minister and Minister of Finance Chrystia Freeland adjusts her notes during a joint news conference in Ottawa, on Monday, Dec. 13, 2021. THE CANADIAN PRESS/Justin Tang