Veteran Indian investor Rakesh Jhunjhunwala dies at 62
Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India's own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. He was 62.
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YOUR FINANCES
How rising interest rates are making GICs more attractive for investors
Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.
How to get into the housing market if you're gen Z or millennial
For millennial and gen Z Canadians, owning a home in this real estate market might seem like a pipe dream. In an exclusive column for CTVNews,ca personal finance contributor Christopher Liew offers some strategies to consider if you can’t afford the housing market yet.
Is Canada's 'historic' housing correction affecting your plans to buy or sell? CTVNews.ca wants to hear from you
Following a series of interest rate hikes, Canada's housing market is now facing a 'historic' correction. CTVNews.ca wants to hear from Canadians looking to buy or sell homes in a changing market landscape.
How one Canadian family of five is coping with the highest inflation in years
With inflation rising at its fastest pace in nearly 40 years, the cost of everything from food to gas has skyrocketed. Canadians across the country are feeling squeezed, but big families with multiple children are at times shouldering much of the higher costs — and changing demographics and consumer patterns have left some of them more exposed to inflation than in previous generations.
Old age security increase leaves out many seniors, non-profit says
The Canadian Association for Retired Persons is raising alarms about the increase in old age security only being made eligible for those 75 and above.
Rising cost of living taking toll on Canadians living off disability benefits
The rising cost of living is exacerbating the challenge for many Canadians living on fixed disability income to pay for food and housing.
Savings are slowly dripping away as deposit interest lags far behind inflation
The savings accounts of Canadians have sprung a leak. As inflation tops eight per cent, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because interest rates for savings accounts, still largely languishing at around one per cent, haven't kept up.
Cost-of-living increases have Canadian parents worried about opportunities for their children
With inflation at a nearly 40-year high, Canadians are feeling the financial strain. In a six-part series this summer, people at different stages of their lives detail where they're being hit the hardest.
REAL ESTATE
Average rent up more than 10% in July from previous year, report says
Average rent in Canada for all properties rose more than 10 per cent year-over-year in July, according to a recent nationwide analysis of listings on Rentals.ca.
Sellers 'expecting yesterday's prices': Canadians cope with a correcting housing market
After a series of interest rate hikes implemented by the Bank of Canada, housing markets are now facing a 'significant' correction. CTVNews.ca spoke to Canadians who are now struggling to make the goal of purchasing a home, or selling one, a reality.
B.C. 'clear' there's not enough housing as Vancouver encampment ordered dismantled
British Columbia's acting attorney general says the province was 'clear' with Vancouver officials that the Crown corporation responsible for subsidized housing does not have enough spaces available for people who are being told to dismantle their tents along a street in the city's Downtown Eastside.
Housing correction could see prices drop nearly 25% by end of 2023: Desjardins
In its latest residential real estate outlook published on Thursday, Desjardins says it's expecting a sharp correction in the housing market, adjusting its previous forecast that predicted a 15-per-cent drop in the average home price over that same period.
How to get into the housing market if you're gen Z or millennial
For millennial and gen Z Canadians, owning a home in this real estate market might seem like a pipe dream. In an exclusive column for CTVNews,ca personal finance contributor Christopher Liew offers some strategies to consider if you can’t afford the housing market yet.
Is Canada's 'historic' housing correction affecting your plans to buy or sell? CTVNews.ca wants to hear from you
Following a series of interest rate hikes, Canada's housing market is now facing a 'historic' correction. CTVNews.ca wants to hear from Canadians looking to buy or sell homes in a changing market landscape.
U.S city OKs sweeping ban on homeless camps near schools
Homeless encampments that have proliferated in nearly every neighbourhood of Los Angeles will no longer be allowed within 500 feet (152 meters) of schools and daycare centres under a sweeping ban approved Tuesday during a City Council meeting disrupted by protesters who said the law criminalizes homelessness.
Average rent 'increased greatly' in Metro Vancouver this summer: report
Vancouver-area renters are being asked to pay significantly more in August than those looking for new accommodations in July, a report suggests.
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Canada
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Canadian literary figures double down on free speech following Salman Rushdie attack
Canadian writers, publishers and literary figures doubled down on the right to freedom of thought and expression on Saturday, one day after an attack on award-winning author Salman Rushdie that left him hospitalized and on a ventilator.
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'Clearly a breakdown': Kenney condemns controversial essay, links firestorm to slow news week
Alberta Premier Jason Kenney condemned a controversial prize-winning essay that's been criticized for being sexist and racist during his provincewide radio call-in program, but also appeared to downplay the controversy it generated.
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Two people from Ottawa killed in Port Hope, Ont. plane crash
Two people from Ottawa were killed when their small plane crashed in Port Hope, Ont. this weekend.
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Quebec towns protecting right to serve residents in English after new language law
Quebec's new language law has dozens of municipalities in the province shoring up their bilingual status, with few considering giving up the right to serve their citizens in both English and French.
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Canadian Blood Services in talks around paid donations of plasma as supply dwindles
Canadian Blood Services says it is in talks with companies that pay donors for plasma as it faces a decrease in collections.
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Parent of child with rare form of epilepsy distressed over N.S. ER closures
Kristen Hayes lives close to the hospital in Yarmouth, N.S., but she says that twice in the past month, her son, who has a rare form of epilepsy, has been taken by ambulance to the emergency room there, only to be left waiting.
World
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Republicans demand to see affidavit that justified FBI search of Trump's home
Republicans stepped up calls on Sunday for the release of an FBI affidavit showing the underlying justification for its seizure of documents at former President Donald Trump's Mar-a-Lago home.
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Man killed himself after ramming U.S. Capitol barrier: police
A man drove his car into a barricade near the U.S. Capitol early Sunday and then began firing gunshots in the air before fatally shooting himself, police said.
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'Fanaticism is a danger to free expression everywhere': Ignatieff on Rushdie attack
After Indian-born British novelist Salman Rushdie was attacked during a writing conference in western New York on Friday, current and former Canadian politicians are weighing in on what such attacks mean for freedom of expression and thought.
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Some Capitol rioters try to profit from their Jan. 6 crimes
Facing prison time and dire personal consequences for storming the U.S. Capitol, some Jan. 6 defendants are trying to profit from their participation in the deadly riot, using it as a platform to drum up cash, promote business endeavors and boost social media profiles.
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Salman Rushdie 'on the road to recovery,' agent says
Salman Rushdie is 'on the road to recovery,' his agent confirmed Sunday, two days after the author of 'The Satanic Verses' suffered serious injuries in a stabbing at a lecture in upstate New York.
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Fire at Cairo Coptic church kills 41, including 10 children
A fire ripped through a packed Coptic Orthodox church during morning services in Egypt's capital on Sunday, quickly filling it with thick black smoke and killing 41 worshippers, including at least 10 children. Fourteen people were injured.
Entertainment
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Weapon in deadly 'Rust' film set shooting could not be fired without pulling the trigger, FBI forensic testing finds
FBI testing of the gun used in the fatal shooting on the movie set of 'Rust' found that the weapon handled by actor Alec Baldwin could not be fired without pulling the trigger while the gun was cocked, according to a newly released forensics report.
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'Bullet Train' repeats No. 1 while 'Top Gun' flies back up ranks
The Brad Pitt action film 'Bullet Train' led all movies in ticket sales for a second straight weekend, according to studio estimates Sunday, while a quiet spell in theatres and incredible staying power allowed 'Top Gun: Maverick' to rocket back into third place in its 12th week of release.
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Anne Heche legally dead, remains on life support for donor evaluation
Anne Heche remains on life support and under evaluation for organ donation after a car crash that led to her brain death, a representative for the actor said Friday.
Health
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Canadian Blood Services in talks around paid donations of plasma as supply dwindles
Canadian Blood Services says it is in talks with companies that pay donors for plasma as it faces a decrease in collections.
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Parent of child with rare form of epilepsy distressed over N.S. ER closures
Kristen Hayes lives close to the hospital in Yarmouth, N.S., but she says that twice in the past month, her son, who has a rare form of epilepsy, has been taken by ambulance to the emergency room there, only to be left waiting.
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More than 10,000 Canadians received a medically-assisted death in 2021: report
More Canadians are ending their lives with a medically-assisted death, says the third federal annual report on medical assistance in dying (MAID). Data shows that 10,064 people died in 2021 with medical aid, an increase of 32 per cent over 2020.
Politics
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Ottawa should offer Indigenous-language training, exemptions to public servants: memo
Senior civil servants explored offering Indigenous-language training to federal employees and possible exemptions to those who already speak one from requiring fluency in both English and French, newly released documents show.
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German Chancellor Olaf Scholz coming to Canada to meet with Justin Trudeau, business leaders
Prime Minister Justin Trudeau will accompany the chancellor of Germany, Olaf Scholz, on a brief Canadian visit later this month that will include stops in Montréal, Toronto and Stephenville in western Newfoundland, his office announced on Saturday.
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Cabinet heard of potential 'breakthrough' with 'Freedom Convoy' protesters before Emergencies Act was invoked: documents
The night before the federal government invoked the Emergencies Act in response to the 'Freedom Convoy' protests, the prime minister’s national security adviser told him there was 'a potential for a breakthrough' in Ottawa, court documents show.
Sci-Tech
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Backing up Ukraine's history: App creates 3D models of important cultural heritage
Volunteers armed with smartphones are using a 3D-modelling app to preserve Ukraine's cultural heritage one snap at a time.
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Last month was 6th hottest July on record in 143 years
Last month was the Earth’s sixth-warmest July on record in 143 years, according to the U.S. federal agency that studies oceans, the atmosphere, and coastal areas.
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China's Huawei says sales down but new ventures growing
Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions.