The number of insolvencies filed by Canadian businesses in 2022 was up 37.2 per cent compared with 2021. The Office of the Superintendent of Bankruptcy says there were 3,402 business insolvencies last year, up from 2,480 in 2021.
Many Canadians have continued to see an increase in their rental rates in 2023. In an column on CTVNews.ca, personal finance contributor Christopher Liew explains how to calculate how much rent you can afford.
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.
With the spring break travel season approaching, those looking to flee the cold, wet Canadian snow for sunnier skies will likely be met with a hefty price tag for their getaway, with inflation and increased demand pushing costs up.
When selling a home, Canadians may be exempted from paying capital gains tax on a residential property -- if it's their principal residence. On CTVNews.ca, personal finance contributor Christopher Liew explains what's determined as a principal residence, and what properties are eligible for the exemption.
The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. Here's a look at what the rate means, how analysts are interpreting it and what it could mean for consumers.
The federal government's latest TFSA contribution limit increase took effect as of January 1, 2023. Personal finance contributor Christopher Liew outlines how the government’s most recent TFSA contribution limit increase affects you and how to make the most of it.
Finding an affordable place to live in the territories, where housing has long been a challenge, is getting even harder, the Canada Mortgage and Housing Corporation suggested in a report released in December. In Yellowknife, the report said, the growing senior population, urbanization and strong labour market has pressured the housing supply.
Canada is suffering from a severe skills shortage in several key sectors, experts say, thanks to factors that include deficiencies in our education system as well as changing demographics. CTVNews.ca looks at some of the skills that will be most in-demand in 2023.
New Statistics Canada data shows investors made up almost one third of homeowners in some provinces in 2020.
The federal government has set aside billions of dollars to quickly build affordable housing across the country, but delays in construction suggest many of the projects approved for funding are missing their deadlines.
When selling a home, Canadians may be exempted from paying capital gains tax on a residential property -- if it's their principal residence. On CTVNews.ca, personal finance contributor Christopher Liew explains what's determined as a principal residence, and what properties are eligible for the exemption.
Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia, investigators and official warnings suggest.
Sales activity among luxury homes in Toronto and Vancouver saw a decline in 2022, according to new data released by Sotheby's International Realty Canada. However, other major Canadian cities saw sales volumes stabilize or even increase throughout the year. CTVNews.ca has put together a list of properties currently on the market for $1 million or more in major cities across Canada.
Canada Mortgage and Housing Corp. says the annual pace of housing starts in December slowed five per cent compared with November.
The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from 2022, which ended with the market in a sluggish state as sellers and buyers sat on the sidelines.
A Calgary man on work permit says the exemptions for international students and work permit holders are too limiting and says he and many other qualified workers feel 'forgotten' by the legislation.
An Ontario man is being accused of changing his name, profession and life story multiple times to potentially more than 100 women online before leaving some out thousands of dollars.
The British Columbia government has introduced legislation to make Sept. 30 a paid statutory holiday marking the National Day for Truth and Reconciliation.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.
The Tsuut'ina Police Service, which serves a community west of Calgary, says it has spoken with more victims of former Dances With Wolves actor Nathan Chasing Horse and additional charges will be laid against him in the coming days.
A Strathcona County toddler has been rescued from suspected sexual exploitation, and the child's mother has been charged, police said.
Even before Monday's devastating earthquake, getting aid to all parts of war-battered Syria was fraught with daunting political and logistical challenges.
Jurors at Alex Murdaugh's double murder trial in South Carolina will get to hear evidence about what crime scene technicians discovered when they tested a rain jacket found three months after his wife and son were killed, a judge ruled Tuesday.
Using underwater drones, warships and inflatable vessels, the Navy is carrying out an extensive operation to gather all of the pieces of the massive Chinese spy balloon a U.S. fighter jet shot down off the coast of South Carolina on Saturday.
It's unclear when evacuated residents might be able to return home to the area where officials released and burned toxic chemicals from the wreckage of a derailed train, Ohio Gov. Mike DeWine said Tuesday.
Crowds gathered at wreckage sites throughout Turkiye, vapor showing the cold air as people breathed in and out in anticipation of reaching more survivors. Even those who had emerged or escaped collapse in Monday's magnitude 7.8 earthquake and its forceful aftershocks now had to sleep in cars, outside or in government shelters.
A Utah man who fatally shot his wife, her mother and their five kids before turning the gun on himself had done online searches about how loud different guns sound and whether neighbors could hear gunshots five days before the killings, new court records posted online show.
Three men who disappeared after planning to rap at a Detroit party were killed by multiple gunshots, police said Tuesday, five days after their bodies were found in a vacant, rat-infested building.
Tickets for the first concert of Beyonce's upcoming 'Renaissance' world tour sold out Tuesday, and concert management group Live Nation said a second concert in Stockholm was added because of the high demand.
Toronto native Samantha Bee is returning home to host the 2023 Canadian Screen Awards. Organizers for the ceremony celebrating the best in Canadian film and television said Bee will helm the pre-recorded broadcast to cap off Canadian Screen Week, during which there will be numerous in-person events for the first time in four years.
A U.S. survey found that people who had a personal connection to someone who became ill or died of COVID-19 were more likely to have received at least one shot of the vaccine compared to those who didn’t have any loved ones who had been impacted by the disease.
The average wait time for walk-in clinics in British Columbia is more than double the national average, according to online clinic tracker Medimap.
Canadian researchers are drawing attention to the increasing prevalence of 'a pathological pursuit of muscularity' among Canadian boys and young men, with a new study that found one in four were at risk of developing what's known as muscle dysmorphia.
The federal government is pledging to increase health funding to Canada's provinces and territories by $196.1 billion over the next 10 years, in a long-awaited deal aimed at addressing Canada's crumbling health-care systems with $46.2 billion in new funding.
The federal commission looking into the Liberal government's decision to use the Emergencies Act is being granted an extension to deliver its report to the cabinet and the public at the same time this month.
Ottawa says Canada will contribute $10 million to earthquake relief efforts in Turkiye and Syria as part of an initial aid package.
Zoom is cutting about 1,300 jobs, or approximately 15% of its workforce. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. Yuan said Zoom grew three times in size within 24 months to manage demand.
Pakistan lifted its ban on Wikipedia services before dawn Tuesday, after the country's media regulator blocked the site last week for not removing purportedly blasphemous content, claiming it hurts the sentiments of Muslims.
Google parent Alphabet is planning to launch a chatbot service and more artificial intelligence for its search engine as well as developers, making a riposte to Microsoft in a rivalry to lead a new wave of technology.
