Air turbulence: When can it become dangerous?
Flight turbulence like that encountered by a Singapore Airlines flight on Tuesday is extremely common, but there's one aspect of severe turbulence an aviation expert says can lead to serious injury.
As Canadians deal with a crushing housing shortage, high rental prices and inflationary price pressures, now Equifax Canada is warning that Canadian consumers are increasingly "under stress" from the surging cost of living.
"Our data says about 50 per cent of Canadians are living paycheque-to-paycheque," Sue Hutchinson, the president of Equifax Canada, told CTV News Channel on Tuesday.
The Liberals have already announced a bevy of measures to help put a dent in Canada's housing crisis, with Prime Minister Justin Trudeau pledging to "meet the moment" as younger generations increasingly feel "middle-class stability" is out of reach.
"Millennials and Gen Z now make up the majority of Canada's labour force," he said. "They are our economy."
However, Hutchinson says although shelter cost remains "the biggest spend" for Canadians, the stress is being seen across the board -- and both consumers and businesses are feeling the pressure.
"We are seeing a lot of stress," Hutchinson explained to CTV News' Renee Rodgers in a one-on-one interview. "We're seeing bankruptcies up, we're seeing missed payments up."
Equifax "excited" by Renters' Bill of Rights
Hutchinson also warned that sky-high shelter costs are becoming an increasing problem for many Canadians and moves to "support growth in housing" is both welcome and needed – but increasing Canada's rental stock should be prioritized.
"We've got an increasing number of renters in this country," she said. "It's gone up about 20 per cent."
Hutchinson says Equifax Canada is excited by the "evolving discussion" around renters and rental payments, particularly Ottawa's Renters' Bill of Rights, which would see timely payments count towards a credit score.
"We have about a third of Canadians that have no credit history," Hutchinson explained. "This really disadvantages them in terms of getting access to mainstream financial services."
"A lot of stress"
The pressure that businesses are facing also shouldn't be forgotten, with bankruptcies rising across the country, and Hutchinson says that the number of businesses that struggled to repay CEBA loans should serve as a warning.
"Some of the COVID loans to businesses… about 25 per cent missed their January payments," Hutchinson warned. "So we are seeing a lot of stresses here."
Although there's been some speculation about the possibility of a tax hike, a possibility Trudeau has ruled out for the middle class, Hutchinson says it's important that the federal government provides support for the segments of the population struggling the most with the rising cost of living.
"We certainly have the 'haves' and 'have nots' in this country."
Flight turbulence like that encountered by a Singapore Airlines flight on Tuesday is extremely common, but there's one aspect of severe turbulence an aviation expert says can lead to serious injury.
British Columbia serial killer Robert Pickton was attacked and sustained life-threatening injuries in a Quebec prison Sunday in what officials described as a 'major assault.'
In his latest column for CTVNews.ca, former NDP leader Tom Mulcair argues that if there's an unofficial frontrunner in the eventual race to replace Justin Trudeau as Liberal leader, it has to be former Bank of Canada governor Mark Carney.
The Toronto Blue Jays have offered tickets and a signed baseball to a fan who says she was struck in the face by a 110 m.p.h (177 km/h) foul ball at Friday’s game.
Members of a killer whale pod related to an orphan orca calf that escaped a remote British Columbia tidal lagoon last month have been spotted off the northeast coast of Vancouver Island.
Ontario Provincial Police continue to investigate a long weekend fatal boat collision on Bobs Lake, north of Kingston, Ont.
An investigation has been opened into the death of Matthew Perry and how the “Friends” actor received the anesthetic ketamine, which was ruled a contributing factor in his death.
New inflation data is 'welcome news' for consumers and an economist says it could signal the possibility for a interest rate cut as several core measures also continue to ease.
House of Commons Speaker Greg Fergus is facing fresh Conservative-led calls to resign, this time over "very partisan" and 'inflammatory' language used – the Liberals say mistakenly – to promote an upcoming event.
Montreal photographer captured the moment a Canada Goose defended itself from a fox at the Botanical Garden.
Public libraries in Atlantic Canada are now lending a broader range of items.
Flashes of purple darting across the sky mixed with the serenading sound of songs will be noticed more with spring in full force in Manitoba.
Catching 'em all with impressive speed, a 7-year-old boy from Windsor, Ont. who only started his competitive Pokémon journey seven months ago has already levelled up to compete at a world championship level.
A sanctuary dedicated to animals with disabilities is celebrating the third birthday of one of its most popular residents.
2b Theatre recently moved into the old Video Difference building, seeking to transform it into an artistic hub, meeting space, and temporary housing unit for visiting performers in Halifax.
A B.C. woman says her service dog pulled her from a lake moments before she had a seizure, saving her life.
A Starbucks fan — whose name is Winter — is visiting Canada on a purposeful journey that began with a random idea at one of the coffee chain's stores in Texas.
Members of Piapot First Nation, students from the University of Winnipeg and various other professionals are learning new techniques that will hopefully be used for ground searches of potential unmarked grave sites in the future.