Parents of infant who died in wrong-way crash on Ontario's Hwy. 401 were in same vehicle
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Many Canadians “lack a financial cushion” according to a new Angus Reid survey, which found majority of respondents under 55 could not handle an unexpected expense of more than $1,000.
“As housing costs continue to rise from this period of high interest rates, renters and mortgage holders feel squeezed,” the Angus Reid survey said.
This financial concern is compounded by half of those surveyed in the same age group, worrying about losing their jobs.
Key findings from the survey include:
Women aged 35 to 54 years old are most likely to report they can’t manage any unplanned bills, with a quarter saying they are “already too stretched” financially.
40 per cent of people told the survey they are not contributing to their Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) because “they don’t have enough to save.”
Higher interest rates are putting a strain on mortgage holders, with 29 per cent saying an unexpected $250 expense “would break the bank.”
John Lock, the director of marketing at Credit Counselling Society, a non-profit organization that provides financial advice to indebted Canadians, said his office has been flooded with calls this January.
“It has been busier that the last few years for sure,” Lock told CTV News. “The folks that we’re seeing are just overwhelmed with the costs that are bearing down on them.”
Lock says the combination of high food, gasoline, housing and debt servicing costs are squeezing household budgets.
“With folks not able to pay for their expenses or repay their lines of credit we’re seeing higher delinquency rates,” he said.
The Angus Reid survey goes on to say that the “Bank of Canada’s campaign against high inflation appears to have at least decelerated the rising cost of living.”
As the economy slows, the independent research company says there is evidence Canadians are anticipating a recession with “further dips in spending and job losses.”
Half of survey respondents under 55 fear they, or someone in their household, will lose their jobs.
“The last time fear of job loss was this high was during the uncertainty of the beginning of the second year of the pandemic,” the survey said.
The online survey reached a representative randomized 1,620 Canadian adults on January 16 and 17. A sample of this size would carry a margin error of +/-2 percentage points, Angus Reid said.
Ontario’s Special Investigations Unit has released new details about a wrong-way collision in Whitby on Monday night that claimed the lives of four people.
Three men in Quebec from the same family have fathered more than 600 children.
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.
A spike in impaired driving-related collisions has caused Ontario’s provincial police to begin enforcing mandatory alcohol screening (MAS) at all traffic stops in the Greater Toronto Area -- a move one civil rights group says is ‘not acceptable.’
William Nylander scored twice and Joseph Woll made 22 saves as the Toronto Maple Leafs downed the Boston Bruins 2-1 on Thursday to force Game 7 in their first-round series.
Jurors in the hush money trial of Donald Trump heard a recording Thursday of him discussing with his then-lawyer and personal fixer a plan to purchase the silence of a Playboy model who has said she had an affair with the former president.
Staff at a small southern Alberta office supply store were shocked to find someone had broken into the business last week, but they were even more confused when they discovered the culprit was a bear.
A federal judge on Thursday sentenced a scuba dive boat captain to four years in custody and three years supervised release for criminal negligence after 34 people died in a fire aboard the vessel.
Fake text message and email campaigns trying to get money and information out of unsuspecting Canadian taxpayers have started circulating, just months after the federal government rebranded the carbon tax rebate the Canada Carbon Rebate.
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.
The lawyer for a residential school survivor leading a proposed class-action defamation lawsuit against the Catholic Church over residential schools says the court action is a last resort.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.