Manulife cuts 250 jobs in wealth and asset management unit
Signage is seen on Manulife Financial Corp.'s office in Toronto on Feb. 11, 2020. (THE CANADIAN PRESS/Cole Burston)
TORONTO -
Manulife Financial Corp. has cut 250 jobs in its global wealth and asset management business, the latest asset management company to take action in a challenging environment, a spokesperson for Canada's largest insurer said on Tuesday.
(Reporting by Nivedita Balu in Toronto and Saeed Azhar in New York)
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
YOUR FINANCES
Here's how much more your Christmas dinner will cost this year
Celebrating with your family this December could come with increased expenses as data shows many traditional holiday foods are going up in price.
Canadians increasingly turning to charities to meet essential needs, but cost of living also hitting donations
Every Giving Tuesday, many Canadians generously dig into their wallets to donate to charities, but as the cost of living climbs, research suggests many Canadians are also in need of help.
What is the grocery code of conduct, and will it help to lower the cost of food?
Canada's grocery code of conduct is in the final stages with advocates saying it would help lower food prices while big grocers say it won't.
Poor Inuit housing 'direct result of colonialism': federal housing advocate
A federal housing advocate is accusing every level of government in Canada of failing to uphold the Inuit's right to housing -- and therefore denying their human rights.
Having financial problems? Don't get caught in debt relief scams
With inflation, rising interest rates, and higher costs for gas, groceries and housing, many Canadians are feeling the financial pinch and now personal bankruptcies are on the rise.
Do you tip at a restaurant like Chipotle? Here’s what a survey found
But the majority of Americans say they tip 15 per cent or less for a typical meal at a sit-down restaurant, according to a wide-ranging new poll on tipping attitudes from Pew Research Center. The poll surveyed nearly 12,000 people.
Loblaw raises the affordability alarm as grocery code of conduct nears completion
As the grocery code of conduct nears completion, the Canadian industry's biggest player is raising concerns the guidelines could add fuel to the food inflation fire.
Here's how much it costs to raise children in Canada, according to new statistics
A new report from Statistics Canada estimates how much parents will spend on children over the course of their lifetime.
CTVNews.ca Top Stories
Two Canadian citizens confirmed dead in Antigua: Global Affairs
Global Affairs Canada has confirmed the death of two Canadian citizens in Antigua.
Montreal Mayor Valerie Plante collapses during press conference
Montreal Mayor Valérie Plante is 'doing well' but will reduce the pace of her activities over the next few days after collapsing during a press conference at City Hall on Tuesday morning.
Israel moves into Gaza's second-largest city and intensifies strikes in bloody new phase of the war
Israel said Tuesday that its troops had entered Gaza's second-largest city as intensified bombardment sent streams of ambulances and cars racing to hospitals with wounded and dead Palestinians, including children, in a bloody new phase of the war.
opinion
opinion Tom Mulcair: Poilievre keeps scoring into the Liberals' empty net
In his column for CTVNews.ca, former NDP leader Tom Mulcair says Pierre Poilievre's new 'Housing Hell' video dealt a 'devastating' blow to Prime Minister Justin Trudeau and his Liberals, whose cupboard seems empty of big ideas.
Here is Canada's December forecast for 2023
December is predicted to be unseasonably mild across Canada, thanks to a "moderate-to-strong" El Nino and human-caused warming. Warming and precipitation trends will be stronger in some parts of the country than others, and severe weather is still possible, meteorologists say.
Financial intel agency hands down $7.4M penalty to Royal Bank of Canada
Canada's financial intelligence agency has levied a $7.4-million penalty against the Royal Bank of Canada for non-compliance with anti-money laundering and terrorist financing measures.
U.S. made offer to bring home jailed Americans Paul Whelan and Evan Gershkovich. Russia rejected it
The Biden administration has made a new and significant offer aimed at securing the release of American detainees Paul Whelan and Evan Gershkovich, but Russia has rejected the offer, the State Department said Tuesday.
'Significant increase' in sexual misconduct in the Canadian Armed Forces, Statistics Canada reports
Statistics Canada is reporting a 'significant increase' in rates of sexual misconduct in the Canadian Armed Forces (CAF) last year. The report also states instances of sexual assault were more prevalent among women.
Liberal ministers defend Speaker Fergus amid opposition resignation calls over video
Federal Liberal cabinet ministers are coming to the defence of House of Commons Speaker Greg Fergus amid calls from the Conservatives and Bloc Quebecois for him to resign from his impartial role over a video he made in his traditional Speaker's garb was broadcast at a partisan event over the weekend.
Canada
-
Here is Canada's December forecast for 2023
December is predicted to be unseasonably mild across Canada, thanks to a "moderate-to-strong" El Nino and human-caused warming. Warming and precipitation trends will be stronger in some parts of the country than others, and severe weather is still possible, meteorologists say.
-
B.C. wrings out after being drenched by atmospheric river
Parts of southwestern British Columbia remain under a rainfall warning as a potent atmospheric river made landfall along the province's coast Monday, bringing ample rain and high winds while disrupting roads and utilities.
-
Montreal Mayor Valerie Plante collapses during press conference
Montreal Mayor Valérie Plante is 'doing well' but will reduce the pace of her activities over the next few days after collapsing during a press conference at City Hall on Tuesday morning.
-
'All I want is my family to live': Canadian man desperate to help family flee Gaza
An Ontario man says he is desperate to get his two children and wife out of the Gaza Strip as Israel intensifies its offensive into southern areas of the besieged territory.
-
New body camera video shows kangaroo capture in Ontario
New body camera footage released Tuesday shows police capturing an escaped kangaroo in Oshawa, Ont., after it went missing for more than three days.
-
No return date for 700 Quebecers evacuated because of fears dike could burst
It's unclear when about 700 people can return to their properties in Quebec's Laurentians region after they were forced out earlier this week because of fears a dike on a nearby river could fail, Public Security Minister Francois Bonnardel said Tuesday.
World
-
Israel moves into Gaza's second-largest city and intensifies strikes in bloody new phase of the war
Israel said Tuesday that its troops had entered Gaza's second-largest city as intensified bombardment sent streams of ambulances and cars racing to hospitals with wounded and dead Palestinians, including children, in a bloody new phase of the war.
-
Senior EU official warns of huge security risk in Europe over Christmas as Israel-Gaza war rages
Europe faces a 'huge risk of terrorist attacks' over the Christmas holiday period due to the fallout from the war between Israel and the Palestinian militant group Hamas, the European Union's home affairs commissioner warned on Tuesday.
-
More bodies found after sudden eruption of Indonesia's Mount Marapi, raising confirmed toll to 22
Rescuers searching the hazardous slopes of Indonesia's Mount Marapi volcano found 11 more bodies of climbers who were caught by a surprise weekend eruption, raising the number of confirmed dead to 22, officials said Tuesday. One person remained missing.
-
Two Canadian citizens confirmed dead in Antigua: Global Affairs
Global Affairs Canada has confirmed the death of two Canadian citizens in Antigua.
-
Dutch government pledges nearly US$2.7 billion for Ukraine in 2024 as war drags into another winter
The Netherlands announced Tuesday it would support Ukraine in 2024 with a 2.5 billion euros (nearly US$2.7 billion) allocation, as the 21-month war drags into another winter and concerns grow that Kyiv's war effort may falter without continued Western support.
-
The U.S. House will vote next week on formalizing its Biden impeachment inquiry, Speaker Johnson says
The U.S. House will vote next week on formally authorizing its impeachment inquiry into U.S. President Joe Biden, Speaker Mike Johnson said Tuesday, asserting Republicans have "no choice" but to push ahead as the White House has rebuffed their requests for information.
Politics
-
Liberal ministers defend Speaker Fergus amid opposition resignation calls over video
Federal Liberal cabinet ministers are coming to the defence of House of Commons Speaker Greg Fergus amid calls from the Conservatives and Bloc Quebecois for him to resign from his impartial role over a video he made in his traditional Speaker's garb was broadcast at a partisan event over the weekend.
-
'Significant increase' in sexual misconduct in the Canadian Armed Forces, Statistics Canada reports
Statistics Canada is reporting a 'significant increase' in rates of sexual misconduct in the Canadian Armed Forces (CAF) last year. The report also states instances of sexual assault were more prevalent among women.
-
Senate censures Sen. Michael MacDonald for 'insensitive' comments on 'Freedom Convoy'
Senators have voted to condemn one of their own, following a colourful rant covertly recorded during the self-styled 'Freedom Convoy' protest last year.
Health
-
Eating disorder hospitalizations among boys increased 416 per cent over 17 years: Canadian study
Over the last 17 years, the number of eating disorders among boys has seen a shocking increase, ballooning to 400 per cent higher than the number seen in the early 2000s.
-
Alcohol taxes aren't high enough, says World Health Organization
The World Health Organization urged governments on Tuesday to increase taxes on alcoholic drinks and impose them on products that are currently exempt, such as wine in some European countries.
-
2 patients die in ER waiting room of hospital on Montreal's South Shore
An investigation is underway after two people died while waiting in the emergency room at Anna-Laberge Hospital.
Sci-Tech
-
GM's Cruise robotaxi service faces potential fine in alleged cover-up of San Francisco accident
California regulators say a San Francisco robotaxi service owned by General Motors covered up an accident involving one of its driverless cars, raising the specter they may add a fine to the recent suspension of its California license.
-
Here's how many people will be at risk of homelessness by 2030, according to this AI
An artificial intelligence algorithm has estimated that Canada’s homeless population will almost double by 2030. Researchers fear a lack of action will make this prediction come true.
-
'That's the real thing': Edmonton man makes rare meteorite find
In October 2022, Doug Olsen was folding laundry in his southeast Edmonton home when he was startled by the loud bang of a meteorite landing on his roof.
Entertainment
-
GTA 6 leak: 'Grand Theft Auto' trailer reveals game’s release date
A trailer for 'Grand Theft Auto VI,' the next installment of the wildly popular and violent game franchise, has been released early online after it had leaked.
-
Brenda Lee's 'Rockin' Around The Christmas Tree' tops weekly charts for 1st time in 63 years
The number-one song this week is one that was recorded in 1958. 'Rockin' Around The Christmas Tree' by Brenda Lee tops the Billboard Hot 100 chart for the first time.
-
Jonathan Majors assault trial starts with competing versions of a backseat confrontation
Jonathan Majors listened silently, head-cocked and eyes down, as a Manhattan prosecutor and his defense attorney offered competing accounts of a violent confrontation in the backseat of a car that led to assault charges against the film star and put his rapid Hollywood ascent on pause.
