Stock market today: S&P/TSX composite down nearly 200 points as price of oil falls
TORONTO -
Canada's main stock index was down nearly 200 points as the price of oil fell and losses in the energy and base metal stocks helped lead the way lower.
The S&P/TSX composite index was down 187.10 points at 19,780.85.
In New York, where markets had been closed Monday for Memorial Day, the Dow Jones industrial average was down 183.06 points at 32,910.28. The S&P 500 index was down 2.62 points at 4,202.83, while the Nasdaq composite was up 56.90 points at 13,032.59.
The Canadian dollar traded for 73.54 cents US compared with 73.57 cents US on Monday.
The July crude contract was down US$2.62 from Friday at US$70.05 per barrel and the July natural gas contract was down 11 cents from Friday at US$2.31 per mmBTU.
The August gold contract was up US$13.20 from Friday at US$1,976.30 an ounce and the July copper contract was down two cents from Friday at US$3.66 a pound.
This report by The Canadian Press was first published May 30, 2023
YOUR FINANCES
Statistics Canada says household debt ratio down in Q2 as income grew
Statistics Canada says the amount Canadians owe relative to how much they earn fell in the second quarter as disposable income comfortably outpaced the growth in debt and demand for mortgages fell.
How electric vehicle insurance compares to gasoline-powered vehicles
As Canada ushers in the era of electric vehicles, here's what costs and factors you should consider before making the switch.
OPINION
OPINION 6 ways to prepare your finances for a potential recession
Despite Canada's economic resilience in the face of rising interest rates, it's still important to be prepared in case a recession hits. In a column for CTVNews.ca, personal finance contributor Christopher Liew shares some practical tips and actionable advice to better weather any economic storm.
Back-to-school: Parents offer tips on how they save during annual shopping spree
A new survey found 46 per cent of Canadians are more worried about their finances during this back-to-school season than in previous years.
opinion
opinion Canada can dodge a recession, but it could still happen; here's why
In his column for CTVNews.ca, personal finance contributor Christopher Liew outlines how Canada might avoid a recession, as well as some risks that could contribute to one.
Budgeting important part of RESP spending plan as students head to school
Parents across the country are getting ready to tap into registered education savings plans to help pay for their children's post-secondary schooling this fall.
Turning to dollar stores for groceries? Here's what a dietician recommends
As Canadians continue to feel the financial toll of inflation while grocery shopping, one registered dietitian offers practical tips for cutting costs at dollar stores, without compromising nutrition.
OPINION
OPINION Financial tips for newcomers to Canada, from an expert
For those who have recently immigrated to Canada, it's important to learn the basics of how the country's financial system works. Personal finance contributor Christopher Liew shares some financial tips around how to open a bank account, build your credit and file your taxes as a newcomer.
CTVNews.ca Top Stories
1 RCMP officer killed, 2 seriously injured while executing search warrant in Coquitlam, B.C.
One RCMP officer was killed and two others were seriously injured while police were executing a search warrant at a home in Coquitlam, B.C., Friday.
Premier Doug Ford announces cabinet shuffle hours after third minister resigns in a month
Premier Doug Ford is shuffling his cabinet for the second time in recent weeks after Ontario Labour Minister Monte McNaughton announced Friday he is stepping away from politics to move into the private sector.
TREND LINE
TREND LINE Conservatives extend summer lead over Liberals, NDP sees bump in Nanos ballot tracking
With the fall sitting of Parliament underway, Nanos ballot tracking shows the federal Conservatives continue to hold onto the lead they’ve had all summer while the Liberals remain stalled, and the NDP has managed to gain a bit of steam in third place.
WATCH
WATCH Video of rats running on wall prompts closure of Waterloo Tim Hortons
A Tim Hortons on University of Waterloo campus has been closed after a video of rats scurrying down one of the restaurant’s walls surfaced online.
Cost of foreign interference probe nears $1.9 million; $1.7M goes to law firm
A Toronto-based law firm was awarded a nearly $4.5 million contract to work on former special rapporteur David Johnston's ill-fated foreign interference probe. The investigation has so far cost taxpayers almost $1.9 million, CTV News has learned.
B.C. premier suspects Ottawa holding on to information about foreign interference
British Columbia Premier David Eby says he "strongly" suspects that the federal government is holding back information that could help the province protect its residents with connections to India from foreign interference.
Slain B.C. RCMP officer identified
B.C. RCMP has identified the officer killed while executing a search warrant in Coquitlam Friday morning as Const. Rick O'Brien.
As it happened: Zelenskyy visits Canada, addresses Parliament as PM pledges $650M in Ukraine aid
During his historic visit, Ukrainian President Volodymyr Zelenskyy offered repeated thanks to Canada for its continued support for his country as it continues to defend itself from Russia's invasion. Prime Minister Justin Trudeau announced Canada will be making a $650 million 'multi-year commitment' for further Ukraine aid. Recap CTVNews.ca's minute-by-minute updates.
Gold bars, cash-stuffed envelopes: New indictment of N.J. Sen. Menendez alleges vast corruption
Powerful Sen. Bob Menendez of New Jersey was charged Friday with secretly aiding the authoritarian government of Egypt and trying to thwart the criminal prosecution of a friend in exchange for gold bars and cash under a corruption indictment that accuses him of using his foreign affairs influence for personal gain.
Canada
-
1 RCMP officer killed, 2 seriously injured while executing search warrant in Coquitlam, B.C.
One RCMP officer was killed and two others were seriously injured while police were executing a search warrant at a home in Coquitlam, B.C., Friday.
-
Slain B.C. RCMP officer identified
B.C. RCMP has identified the officer killed while executing a search warrant in Coquitlam Friday morning as Const. Rick O'Brien.
-
Jewish groups celebrate as Quebec man sentenced to 15 months for fomenting hatred
A Quebec man convicted of promoting hatred against Jews has been sentenced to 15 months in jail and three years of probation.
-
Premier Doug Ford announces cabinet shuffle hours after third minister resigns in a month
Premier Doug Ford is shuffling his cabinet for the second time in recent weeks after Ontario Labour Minister Monte McNaughton announced Friday he is stepping away from politics to move into the private sector.
-
Shimano recalls 760K bike cranksets in Canada, U.S. over crash hazard following injury reports
Cycling company Shimano is recalling some 760,000 bike cranksets in the U.S. and Canada due to a crash hazard that has resulted in several reported injuries.
-
Canada Post reviewing use of address data following criticism from privacy watchdog
Canada Post says it is reviewing how it uses data for tailored marketing campaigns after the federal privacy watchdog found the post office was breaking the law by gleaning information from the outsides of envelopes and packages.
World
-
Judge peppers lawyers in prelude to trial of New York's business fraud lawsuit against Trump
A New York judge peppered Donald Trump's lawyers with questions Friday as they tried to persuade the court to throw out a civil lawsuit brought by New York's attorney general accusing the former president and his company of deceiving banks, insurers and others by exaggerating his wealth.
-
Tropical Storm Ophelia gathers strength off the mid-Atlantic coast, promising heavy rain and wind
Tropical Storm Ophelia gained strength as it churned toward the North Carolina coast on Friday, promising a weekend of heavy rain and windy conditions throughout the mid-Atlantic.
-
Nebraska mother sentenced to 2 years in prison for giving abortion pills to pregnant daughter
A Nebraska mother who pleaded guilty to giving her teenage daughter pills for an abortion and helping to burn and bury the fetus was sentenced Friday to two years in prison.
-
Some providers are dropping gender-affirming care for kids even in cases where it's legal
As Republican-led states have rushed to ban gender-affirming care for minors, care has abruptly been halted because medical providers are wary of harsh liability provisions in those same laws -- one of multiple reasons that advocates say care has become harder to access even where it remains legal.
-
Federal judge rules Texas university that cancelled drag show didn't violate free speech rights
A federal judge has ruled that a university in the Texas Panhandle did not violate the constitutional right to free speech when the school's president cancelled a drag show earlier this year.
-
New York to require flood disclosures in home sales as sea levels rise and storms worsen
New York Gov. Kathy Hochul on Friday signed a bill requiring people selling their homes to disclose whether their properties have been flooded or are at risk for future flooding.
Politics
-
As it happened: Zelenskyy visits Canada, addresses Parliament as PM pledges $650M in Ukraine aid
During his historic visit, Ukrainian President Volodymyr Zelenskyy offered repeated thanks to Canada for its continued support for his country as it continues to defend itself from Russia's invasion. Prime Minister Justin Trudeau announced Canada will be making a $650 million 'multi-year commitment' for further Ukraine aid. Recap CTVNews.ca's minute-by-minute updates.
-
Here's what Canada is pledging in multi-year support for Ukraine, updated trade deal
Canada is making a multi-year commitment to provide steady support to Ukraine, including hundreds of millions of dollars for new armoured vehicles.
-
Cost of foreign interference probe nears $1.9 million; $1.7M goes to law firm
A Toronto-based law firm was awarded a nearly $4.5 million contract to work on former special rapporteur David Johnston's ill-fated foreign interference probe. The investigation has so far cost taxpayers almost $1.9 million, CTV News has learned.
Health
-
Toronto woman completes race to end Alzheimer's, surpasses fundraising goal
A Toronto woman has completed 10 triathlons in 10 provinces to raise awareness and money for Alzheimer’s research in honour of her mom and all Canadians affected by the disease.
-
Some providers are dropping gender-affirming care for kids even in cases where it's legal
As Republican-led states have rushed to ban gender-affirming care for minors, care has abruptly been halted because medical providers are wary of harsh liability provisions in those same laws -- one of multiple reasons that advocates say care has become harder to access even where it remains legal.
-
WATCH
WATCH Video of rats running on wall prompts closure of Waterloo Tim Hortons
A Tim Hortons on University of Waterloo campus has been closed after a video of rats scurrying down one of the restaurant’s walls surfaced online.
Sci-Tech
-
In a first, RNA is recovered from extinct Tasmanian tiger
Researchers said on Tuesday they have recovered RNA from the desiccated skin and muscle of a Tasmanian tiger stored since 1891 at a museum in Stockholm.
-
New app uses AI to help Calgary medical students practise interacting with patients
A Calgary medical student has developed an app that allows future doctors to work on their diagnostic and communication skills before they set up their practices.
-
Inside the delicate art of maintaining America's aging nuclear weapons
In an ultra-sterile room at a secure factory in Kansas City, U.S. government technicians refurbish the nation's nuclear warheads. The job is exacting: Each warhead has thousands of springs, gears and copper contacts that must work in conjunction to set off a nuclear explosion.
Entertainment
-
Sabato De Sarno makes much anticipated debut at Gucci under the gaze of stars like Julia Roberts
Sabato De Sarno wants people to fall in love with Gucci again, calling his debut collection 'Gucci Ancora,' Italian for 'Gucci Again.'
-
Movie reviews: 'Dumb Money' is a rousing, high-energy, fist-in-the-air crowd pleaser
This week, pop culture critic Richard Crouse reviews new movies 'Dumb Money,' 'Expend4bles' and 'Stop Making Sense.'
-
Director of migration drama denounced by right-wing leaders as film opens in Poland
Right-wing Polish leaders denounced a new feature film by director Agnieszka Holland as it premiered in the country Friday, accusing the work of defaming Poland with its exploration of a migration crisis along the border with Belarus.
