Ramp up in U.S. auto strike expected to affect Canadian parts producers
Autoworkers in the U.S. ramped up their strike Friday in a move that's expected to have knock-on effects for Canadian parts producers.
Business and Finance News | CTV News
Business
CURRENCY CONVERTER
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.
REAL ESTATE
Amid rising rent prices, these are the apartments currently on the market
As average rent prices in Canada hit record highs, experts say it's going to take more than just interest rate hikes to cool the red-hot market, including a crucial boost in supply.
CMHC reports annual pace of housing starts down 1% in August
Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July.
Liberals, Tories compete on housing policy as MPs return to Ottawa after summer break
The federal Liberals intend to introduce legislation soon that would eliminate the GST from new rental housing construction and backdate the change to mid-September regardless of when it becomes law, Housing Minister Sean Fraser said Monday.
Montreal developer repurposes staircase space to create tiny homes amid housing crisis
Across the country, housing spaces are limited, particularly in bustling downtown neighbourhoods – a challenge that is leading some developers and tenants to repurpose overlooked spaces into unconventional homes, such as a Montreal project turning staircases into tiny housing units.
Canada's housing crisis will take years to solve: finance minister
An affordable housing crisis that is hurting the Canadian government's popularity will take years to resolve, even if construction hits an 80-year high, Finance Minister Chrystia Freeland said on Saturday.
Will removing GST off new rental construction improve affordability? Here's what experts say
Analysists say Prime Minister Justin Trudeau’s plan to removing GST from new rental construction is a step that could help increase Canada's housing supply, but it may not be the 'silver bullet' some are looking for on affordability.
National home sales fall 4% between July and August as market slows: CREA
The Canadian Real Estate Association says home sales slowed last month as they tumbled by roughly four per cent between July and August.
WATCH
WATCH Canada has 'addiction' to high housing prices: researcher
As Prime Minister Justin Trudeau's Liberal Party and Pierre Poilievre's Conservatives both announce plans to solve the country's housing crisis, one policy analyst is warning Canada's dependence on rising home prices is one of the biggest obstacles to restoring affordability in the real estate market.
BNN Bloomberg features
Canada
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BREAKINGBREAKING 'Critical incident' involving RCMP in Coquitlam, B.C. premier says
B.C. Premier David Eby says there has been a "critical incident" in Coquitlam involving the RCMP, but he declined to provide additional details or confirm any injuries or fatalities.
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BREAKINGBREAKING Quebec man given 15 months in jail for fomenting hatred against Jews
A Quebec man convicted of promoting hatred against Jews has been sentenced to 15 months in jail and three years of probation.
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McNaughton is third Ford cabinet minister to resign in past 3 weeks
Ontario Labour Minister Monte McNaughton announced on Friday he is stepping away from politics after accepting a job in the private sector. McNaughton is the third minister to resign from Premier Doug Ford's cabinet this month, though he said his departure is not connected to the unfolding Greenbelt development scandal.
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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.
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Cyber security officials urge 'vigilance' against threats as Zelenskyy visits Canada
As Ukrainian President Volodymyr Zelenskyy visits Canada, top security officials are re-issuing a call to 'adopt a heightened state of vigilance, and to bolster … awareness of and protection against malicious cyber threats.'
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LIVE UPDATES
LIVE UPDATES War in Ukraine 'must end with our victory,' Zelenskyy tells Parliament as PM pledges $650M in aid
Addressing a joint session of Parliament, 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. In his introductory remarks, Prime Minister Justin Trudeau announced Canada will be making a $650 million 'multi-year commitment' for further Ukraine aid.
World
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Tropical Storm Ophelia forms off the U.S. mid-Atlantic coast, expected to bring heavy rain and wind
Tropical Storm Ophelia formed off the mid-Atlantic coast and was expected to bring heavy rain, storm surge and windy conditions over the weekend, the National Hurricane Center said Friday.
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Sen. Menendez, wife indicted on bribe charges as probe finds $100,000 in gold bars, prosecutors say
Sen. Bob Menendez was charged Friday with secretly aiding the authoritarian regime of Egypt and trying to thwart the criminal prosecution of a friend in exchange for gold bars and cash as prosecutors unsealed a corruption indictment that accuses him of using his foreign affairs influence for personal gain.
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Russia says Armenian separatists surrender arms after Azerbaijan reclaims Nagorno-Karabakh
Ethnic Armenian separatists in Azerbaijan's region of Nagorno-Karabakh surrendered arms Friday to Russian peacekeepers, Russia's Defense Ministry said, two days after Azerbaijan reclaimed control of the breakaway region that has long been at the center of a conflict with neighboring Armenia.
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Pope decries indifference toward migrants, as he prays for the dead in the French port of Marseille
Pope Francis blasted the 'fanaticism of indifference' that greets migrants seeking a better life in Europe, as he arrived Friday in the Mediterranean port of Marseille amid a new influx of would-be refugees from Africa that has sparked a backlash from some of Europe's increasingly anti-migrant leaders.
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A Ukrainian missile strikes the headquarters of Russia's navy in Crimea
Ukraine struck the headquarters of Russia's Black Sea Fleet in a missile attack Friday that left a serviceman missing and the main building smouldering, according to military officials on both sides of the war and images from the scene in Crimea.
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9 deputies charged in death of man beaten in Memphis jail, including 2 for second-degree murder
Two Memphis jail deputies have been charged with second-degree murder in the death of a Black man who was having a psychotic episode and died in custody last fall after jailers punched, kicked and kneeled on his back during a confrontation, according to court documents released Thursday.
Entertainment
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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.'
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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.'
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Hero or villain? Rupert Murdoch's exit stirs strong feelings in Britain, where he upended the media
Before he hit America, Rupert Murdoch ripped through Britain's media like a tornado. His newspapers changed the political and cultural weather and swung elections. His satellite television channels upended the staid broadcasting scene.
Health
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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.
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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.
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Canada ranked 8th among 11 developed countries in seniors' care
A new study from the C.D. Howe Institute compares seniors’ care in Canada to that of other wealthy nations, providing insights into its relative performance and areas for improvement.
Politics
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LIVE UPDATESLIVE UPDATES War in Ukraine 'must end with our victory,' Zelenskyy tells Parliament as PM pledges $650M in aid
Addressing a joint session of Parliament, 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. In his introductory remarks, Prime Minister Justin Trudeau announced Canada will be making a $650 million 'multi-year commitment' for further Ukraine aid.
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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.
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Freeland tables 'affordable housing and groceries' bill, Trudeau calls for all-party backing
Finance Minister Chrystia Freeland has tabled new legislation to implement the promised removal of GST from new rental developments, and to revamp Canada's competition laws, framing the bill as a package that will result in more affordable housing and groceries, eventually.
Sci-Tech
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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.
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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.
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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.