Three dead, two hospitalized, following collision in Fredericton: police
Three people have died and two have been hospitalized after a speeding car struck a tree and landed on another vehicle in Fredericton Sunday morning.
With the latest hike bringing Canada's key interest rates to levels not seen since 2001, one mortgage broker is warning that it may be "the last straw" for some homeowners with variable mortgages.
"We started to hear from people in the last three weeks that they are actively considering selling their homes," Ron Butler, a mortgage broker in Ontario told CTV News Channel on Wednesday. "They can't handle the increases."
The Bank of Canada raised its overnight rate by 25 basis points to 4.75 per cent, the first increase since pausing hikes in January.
Butler says homeowners with variable rate mortgages are the most exposed to the latest hike, but those needing renewals will also feel the financial pain.
"All of those people feel the pain," Butler warned. "The question becomes, are they reaching the end of their rope?"
Watch the full video by clicking on the video at the top of this article.
Three people have died and two have been hospitalized after a speeding car struck a tree and landed on another vehicle in Fredericton Sunday morning.
Madonna put on a free concert on Copacabana beach Saturday night, turning Rio de Janeiro's vast stretch of sand into an enormous dance floor teeming with a multitude of her fans.
Eighty-two-year-old Susan Neufeldt and 90-year-old Ulrich Richter are no spring chickens, but their love blossomed over the weekend with their wedding at Pine View Manor just outside of Rosthern.
A mother goose and her goslings caused a bit of a traffic jam on a busty stretch of the Trans-Canada Highway near Vancouver Saturday.
People living in Puslinch, Ont. may have the answer to why their water smelled so bad last year.
A Montreal man is warning Tesla drivers about using the Smart Summon feature after his vehicle hit another in a parking lot.
If you're wondering whether you should splurge or save when it comes to buying skincare products and makeup this summer, we got some answers for you.
The Montreal-born actor, famed for his portrayal of Captain Kirk in "Star Trek," says he is open to reprising the iconic role in the sci-fi franchise as long as the storytelling is stellar.
One person is dead and another is in life-threatening condition after a driver was travelling in the wrong direction on Highway 401 in Milton Sunday, according to police.
Alberta Ballet's double-bill production of 'Der Wolf' and 'The Rite of Spring' marks not only its final show of the season, but the last production for twin sisters Alexandra and Jennifer Gibson.
A British Columbia mayor has been censured by city council – stripping him of his travel and lobbying budgets and removing him from city committees – for allegedly distributing a book that questions the history of Indigenous residential schools in Canada.
Three men in Quebec from the same family have fathered more than 600 children.
A group of SaskPower workers recently received special recognition at the legislature – for their efforts in repairing one of Saskatchewan's largest power plants after it was knocked offline for months following a serious flood last summer.
A police officer on Montreal's South Shore anonymously donated a kidney that wound up drastically changing the life of a schoolteacher living on dialysis.
Since 1932, Montreal's Henri Henri has been filled to the brim with every possible kind of hat, from newsboy caps to feathered fedoras.
Police in Oak Bay, B.C., had to close a stretch of road Sunday to help an elephant seal named Emerson get safely back into the water.
Out of more than 9,000 entries from over 2,000 breweries in 50 countries, a handful of B.C. brews landed on the podium at the World Beer Cup this week.
Raneem, 10, lives with a neurological condition and liver disease and needs Cholbam, a medication, for a longer and healthier life.