Wall Street ends higher following 7 straight weeks of losses
Stocks closed higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.
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REAL ESTATE
Air conditioning coming soon: Cooling to be mandatory in new homes in Vancouver
Life in Vancouver is about to get a little cooler, thanks to a new requirement tucked into a council-approved report on bylaw and policy updates.
What options do sellers have now that the housing market is cooling down?
In what is increasingly becoming a buyer's market, some soon-to-be sellers may be wondering whether to delay listing their homes until conditions become more favourable. Here's a look at one realtor's advice on the best time to sell.
What to do when your home appraisal falls short as the housing market cools
The cooling housing market has left some buyers with mortgages that can't cover the full cost of their home following an appraisal. Toronto-based mortgage broker Mary Sialtsis discusses what options these buyers have.
What's the average price of a home where you live?
While the latest data from the Canadian Real Estate Association shows that the average price of a home in Canada declined month-over-month, Canadians still spent more on home purchases in April 2022 than they did one year before. CTVNews.ca has gathered properties from across the country, listed at what is considered the average price of a home in their respective regions.
Worry, buyer's remorse high as real estate market slowdown materializes
A wave of buyer's remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months.
What $1 million gets you in real estate markets across Ontario
With so many price tags hovering around the $1-million mark, you might be wondering how far a million dollar budget could get you across Ontario’s real estate markets.
'We're scraping the bottom of the barrel': Tenants search for reasonable rental units in Halifax
Abby Tucker has been on a hunt for a new apartment for months, but keeps coming up empty. Rents are higher than she’s ever seen, she says, and the demand is 'crazy.'
Ontario retiree buys 'cheapest home in the GTA'. This is what she got
A retiree in Ontario has just purchased what is being called the 'cheapest home in the GTA'—a caboose located on a commercially zoned parking lot near Milton.
FINANCES DURING COVID-19
Canada inflation: How we compare to other G7 nations
With a meeting of G7 finance ministers underway this week, a CTVNews.ca analysis found that while Canadians are feeling the pain of record-high inflation, among G7 nations we are surpassed by Germany, the U.S., and the U.K.
'Buy now, pay later' plans could lead to exorbitant debt for Gen Z consumers: expert
'Buy now, pay later' plans are growing in popularity among Gen Z consumers, driven by influencers on TikTok and Instagram promoting these services. But one personal finance expert says these services can carry serious financial risks for young people.
'Hurts like hell': What goes into the price of gas in Canada
With the price of gas rising above $2 per litre and setting new records in Canada this year, CTVNews.ca looks at what goes into the price per litre of gasoline and where the situation could go from here.
Worry, buyer's remorse high as real estate market slowdown materializes
A wave of buyer's remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months.
Rising cost of living worries Canadians, defines Ontario election
The rising cost of living is worrying Canadians and defining the Ontario election as prices go up on everything from groceries to gas.
Average price of gas in Canada tops $2 a litre for first time
Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre for the first time. Natural Resources Canada says the average price across the country for regular gasoline hit $2.06 per litre on Monday for an all-time high.
CREA reports home sales down in April as mortgage rates rise
Increasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday.
From Pattie Lovett-Reid, Chief Financial Commentator
Pattie Lovett-Reid: How to handle retired parents without savings
What do you do if you suspect your parents are struggling financially and are reluctant to ask for your help? In her exclusive column for CTVNews.ca, financial expert Pattie Lovett-Reid says it’s a difficult conversation but one that has to happen.
Pattie Lovett-Reid weighs in: My spouse doesn't want to invest, what do I do?
Relationships and money can be an explosive mix, especially if you have different money mindsets, writes Pattie Lovett-Reid in her latest exclusive column on CTVNews.ca.
OPINION
OPINION | Pattie Lovett-Reid: Why is real estate so expensive in Canada?
Housing prices in Canada are still incredibly high and here is why – we are still dealing with a supply shortage in desirable locations, higher immigration levels have put pressure on demand, along with the strong desire for urban lifestyle living, especially in Toronto, Vancouver and Montreal, writes contributor Pattie Lovett-Reid.
Pattie Lovett-Reid: CRA is watching cryptocurrency trades. Here's what you need to know
The popularity of trading in digital currency has grown to such an extent that the Canada Revenue Agency has taken notice, writes Pattie Lovett-Reid in her latest exclusive column on CTVNews.ca.
Pattie Lovett-Reid: What you need to know to avoid a tax audit
It is best to avoid an income tax audit at all costs, writes Pattie Lovett-Reid in her latest exclusive column on CTVNews.ca.
Pattie Lovett-Reid: How can you leverage the 'Great Resignation' to land your dream job?
If you feel stuck in a rut at work, it might be time to get to know yourself a little better, writes Pattie Lovett-Reid in her latest exclusive column on CTVNews.ca.
Pattie Lovett-Reid: What millennials need to know about retirement savings
While many millennials may feel stopping working is a distant or even impossible prospect, CTV's chief financial commentator Pattie Lovett-Reid explains how a little saving today can pave the way to a more comfortable retirement doing the things you've dreamt of.
Pattie Lovett-Reid: Time to detox your finances
A little financial detox in February could do the trick to bring you back into balance, CTV's chief financial commentator Pattie Lovett-Reid writes.
Pattie Lovett-Reid: The pandemic brought financial lessons, but did Canadians notice?
The number of bankruptcies and insolvencies in Canada is down year-over-year, but as CTV's chief financial commentator Pattie Lovett-Reid writes in her latest column in CTVNews.ca, that decline might not last for much longer.
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Canada
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'Too many children did not make it home': Anniversary of discovery at Canada's largest residential school
It's been a year since the announcement of the detection of unmarked graves at the site of what was once Canada's largest residential school – an announcement that for many Indigenous survivors was confirmation of what they already knew.
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Death toll from Saturday's storm hits 10 across Ontario and Quebec
As the death toll related to the powerful storm that swept Ontario and Quebec on Saturday reached 10 on Monday, some of the hardest-hit communities were still working to take stock of the damage.
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Northern Tornadoes Project continues to investigate damage from Ontario-Quebec storm
Western University's Northern Tornadoes Project is investigating the aftermath of the deadly storm that blew across southern Ontario and Quebec, but analysis will take time.
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Hydro damage 'significantly worse' than the ice storm and tornadoes, Hydro Ottawa says
Hydro Ottawa says the damage from Saturday's storm is "simply beyond comprehension", and is "significantly worse" than the 1998 ice storm and the tornadoes that hit the capital three years ago.
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19 charged, including 10 minors, after violent night at Toronto beach
Police say they’ve made 19 arrests and seven officers were injured after a violent night at Toronto’s Woodbine Beach that saw two people shot, one person stabbed, two others robbed at gunpoint and running street battles involving fireworks through Sunday evening.
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Is my home or car covered from storm damage? In most cases yes, insurance bureau says
As residents in Ontario and Quebec work to repair the damage caused by a severe storm over the weekend, many may be wondering whether their homes and cars are covered from any damages. The Insurance Bureau of Canada says wind damage is usually covered, but to confirm with their provider what losses may be included.
World
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Freed U.K. woman says Iran forced her to sign false confession
A British-Iranian charity worker who was detained in Tehran for almost six years says she was forced by Iranian officials to sign a false confession to spying before she was freed two months ago.
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Ukraine updates: Zelenskyy says attack on Desna leaves 87 dead
The latest updates on the war in Ukraine on Monday: Ukrainian President Volodymyr Zelenskyy says last week's attack on the town of Desna resulted in 87 deaths.
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Biden: U.S. would intervene with military to defend Taiwan
President Joe Biden said Monday that the U.S. would intervene militarily if China were to invade Taiwan, saying the burden to protect Taiwan is 'even stronger' after Russia's invasion of Ukraine. It was one of the most forceful presidential statements in support of self-governing in decades.
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Amid Yemen truce, Houthi rebels say falling drone kills 3
Yemen's Houthi rebels said Monday that three people were killed in the country's capital when a drone aircraft crashed in a neighborhood after being shot down.
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Californians could see mandatory water cuts amid drought
California Gov. Gavin Newsom threatened Monday to impose mandatory water restrictions if residents don't use less on their own as a drought drags on and the hotter summer months approach.
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DC sues Mark Zuckerberg over Cambridge Analytica privacy breach
The District of Columbia on Monday sued Meta chief Mark Zuckerberg, seeking to hold him personally liable for the Cambridge Analytica scandal, a privacy breach of millions of Facebook users' personal data that became a major corporate and political scandal.
Entertainment
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Johnny Depp's severed finger story has flaws: surgeon
A hand surgeon testified Monday that Johnny Depp could not have lost the tip of his middle finger the way he told jurors it happened in his civil lawsuit against ex-wife Amber Heard.
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Billie Eilish finds having Tourette's syndrome 'exhausting'
Spend enough time with Billie Eilish and you may notice her tics. The singer talked about having Tourette's syndrome in an interview with David Letterman for his Netflix series, 'My Next Guest Needs No Introduction.'
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Burn-proof edition of 'The Handmaid's Tale' up for auction
On Monday night, timed for PEN America's annual gala, Margaret Atwood and Penguin Random House announced that a one-off, unburnable edition of 'The Handmaid's Tale' would be auctioned through Sotheby's New York.
Health
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Monkeypox likely spread by sex at 2 raves in Europe, expert says
A leading adviser to the World Health Organization described the unprecedented outbreak of the rare disease monkeypox in developed countries as 'a random event' that might be explained by risky sexual behaviour at two recent mass events in Europe.
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Pfizer says 3 COVID shots protect children under 5
Three doses of Pfizer's COVID-19 vaccine offer strong protection for children younger than 5, the company announced Monday. Pfizer plans to give the data to U.S. regulators later this week in a step toward letting the littlest kids get the shots.
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Theories emerge for mysterious liver illnesses in children
Health officials remain perplexed by mysterious cases of severe liver damage in hundreds of young children around the world.
Politics
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Walk out at trade meeting when Russia spoke 'not one-off,' says trade minister
The United States and four other nations that walked out of an Asia-Pacific Economic Cooperation group meeting in Bangkok over the weekend underlined their support Monday for host nation Thailand, saying their protest was aimed solely at Russia because of its invasion of Ukraine.
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Conservative party ends its investigation into complaint about a racist email
The Conservative Party of Canada says its ended its investigation into a racist email sent to leadership contender Patrick Brown's campaign team after the party member purportedly behind it resigned their membership.
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Huawei 5G ban delay wasn't tied to efforts to free Spavor and Kovrig, Mendicino says
Canada's Public Safety Minister Marco Mendicino insists the once unknown fate of Michael Spavor and Michael Kovrig was not why the government delayed its decision to ban Huawei technologies from Canada's 5G network.
Sci-Tech
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Why Canada is banning Huawei from participating in Canada's 5G network
The federal government is banning China's Huawei Technologies from involvement in Canada's 5G wireless network. Huawei and the Chinese government have vigorously denied accusations around the danger of spying, saying that the company poses no security threat.
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World's fastest passenger jet goes supersonic in tests
The race to resume supersonic passenger flights nearly two decades after the retirement of Concorde was offered a glimmer of excitement on Monday when plane manufacturer Bombardier revealed high speed achievements while confirming the launch of its new business jet.
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Glut of social media posts, political divisiveness a challenge for content moderators
Misinformation, trolling and worse has always existed online, but content moderators say they saw a shift after the U.S. elected Donald Trump president in 2016 that reached a new height when George Floyd, a Black man in Minneapolis, was killed in police custody in May 2020, fuelling racial tensions just as the world was locked down due to the COVID-19 pandemic.