Here's how a U.S. government shutdown could impact Canadians
Economists warn both Canada's economy and individual Canadians could suffer from impacts of a U.S. government shutdown, and that those impacts will deepen and broaden the longer it lasts.
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
Restoring housing affordability will take 'years and concerted efforts' short of a housing crash: RBC report
Home ownership became slightly more affordable in the second quarter of the year in Canada but it remains 'impossibly high for many,' a new RBC report says.
WATCH
WATCH Why no 'deep, dark recession' is expected in Canada
A new forecast from Deloitte predicts that Canada's economic struggles will begin to ease next year and by 2025 the Bank of Canada may even begin cutting the key lending rate.
OPINION
OPINION New to Canada? Here's your guide to purchasing or renting your first home
Navigating Canada's real estate market can be daunting for new immigrants, especially amid an affordable housing crisis. Personal finance columnist Christopher Liew outlines the documentation newcomers will need to rent or purchase a home in Canada, and some key expenses to budget for.
Hot rental market makes search 'stressful' for many -- and it won't get better soon
The competitive rental market across the country is seeing multiple factors combine: high interest rates deter buyers and add to rental demand, still-high inflation is squeezing renter budgets, there's an undersupply of purpose-built rental units and population growth is fuelling demand.
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.
BNN Bloomberg features
Canada
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Nearly half of Canadians have no plans to mark National Day for Truth and Reconciliation
A new survey found that 48 per cent of Canadians say they won’t be taking any specific action to recognize National Day for Truth and Reconciliation.
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'Stories of resilience and survival': Indigenous-led tourism is one way to support communities in Canada
A growing number of businesses popping up across Canada are offering unique experiences that invite tourists to dive into the history, language and culture of Indigenous communities.
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What do Indigenous Peoples across Canada really need and want?
The federal Liberal government has made a lot of promises to Indigenous Peoples. But do those promises line up with what communities on the ground really want and need, or reflect their diversity?
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WATCH
WATCH Canada likely in 'rounding error recession,' more trouble looming: economist
Statistics Canada has released new data about how the economy started off the third quarter, saying the country's GDP remains essentially unchanged. One economist says it highlights an ongoing trend of weak performance.
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'We are sorry': Newfoundland and Labrador makes first apology for residential schools
Newfoundland and Labrador Premier Andrew Furey made a solemn apology today to survivors of residential schools in southern Labrador.
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India's foreign minister says Canada has 'climate of violence' for Indian diplomats
Indian Foreign Minister Subrahmanyam Jaishankar said on Friday there was a 'climate of violence' and an 'atmosphere of intimidation' against Indian diplomats in Canada, where the presence of Sikh separatist groups has frustrated New Delhi.
World
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The Dianne Feinstein they knew: Women of the Senate remember a tireless fighter and a true friend
When Washington Sen. Patty Murray received a call early Friday morning that Sen. Dianne Feinstein had died, she immediately started calling her fellow female senators.
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Germany's government and Elon Musk spar on X over migrant rescue ships
Germany's government rebuked X owner Elon Musk after he criticized the recent work of migrant rescue ships that German humanitarian groups operate in the Mediterranean Sea.
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On the brink of a government shutdown, the Senate tries to approve funding but it's almost too late
The United States is on the brink of a federal government shutdown after hard-right Republicans in Congress rejected a longshot effort to keep offices open as they fight for steep spending cuts and strict border security measures that Democrats and the White House say are too extreme.
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Bail bondsman charged alongside Trump in Georgia becomes the first defendant to take a plea deal
A bail bondsman charged alongside former President Donald Trump and 17 others in the Georgia election interference case pleaded guilty to misdemeanor charges on Friday, becoming the first defendant to accept a plea deal with prosecutors.
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Colorado laws that add 3-day wait period to buy guns and open paths to sue gun industry take effect
When two Colorado gun control laws take effect Sunday, purchasing a firearm will require a three-day waiting period -- meant to curtail suicide attempts and shootings -- and gun violence victims will have an easier path toward filing lawsuits against the firearm industry.
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Man deliberately drives into a home and crashes into a police station in New Jersey, police say
A New Jersey man deliberately drove his SUV into a home and the offices of a municipal police department last week, authorities announced Friday.
Entertainment
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An arrest has been made in Tupac Shakur's killing. Here's what we know about the case and the rapper
An arrest has been made in Tupac Shakur's killing, here's what to know about one of the most infamous fatal shootings in hip-hop history.
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As China censors homegrown feminism, a feminist scholar from Japan is on its bestseller lists
In the last few years, China's government has promoted increasingly conservative social values, encouraging women to focus on raising children. It has cracked down on civil society movements and made laws to drive out foreign influence.
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Thriving NFL benefits most from Taylor Swift-Travis Kelce relationship
The NFL didn't need a popularity boost before Travis Kelce became enchanted with Taylor Swift. They'll gladly welcome millions of Swifties to watch this love story unfold.
Health
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Walking just this much more per day can lower your blood pressure: study
A new study finds walking an additional 3,000 steps per day can significantly reduce high blood pressure in older adults with hypertension.
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Food insecurity among Indigenous kids is a 'public health crisis,' doctors say
Rising food prices have put 'an even bigger burden on families who were struggling before,' said the doctor, who is a member of Lax Kw'alaams First Nation on her father's side and Metis on her mother's side.
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Some hospitals are bringing back masking - and the general public should consider it this fall too, experts say
Some hospitals are instigating stricter masking rules again amid an uptick in COVID-19 cases, and although we’ve probably seen the end of broad masking mandates, some experts say the general public should also be making more use of this tool in our arsenal of measures to fight illness.
Politics
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Defence minister insists $1B spending reduction is not a budget cut
The country's top soldier and outside experts say that finding almost $1 billion in savings in the Department of National Defence budget will affect the Armed Forces' capabilities, although the defence minister insisted Friday the budget is not being cut.
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CRTC sets threshold for online streaming services subject to Bill C-11
The Canadian Radio-television and Telecommunications Commission has set a threshold that determines which online streaming services will be subject to new rules arising from the Online Streaming Act, formerly known as Bill C-11.
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Blinken on Canada-India rift: 'Those responsible must be held accountable'
America's top diplomat is again urging India and Canada to work together on bringing Hardeep Singh Nijjar's killers to justice -- and hopefully forestall a deepening of a serious geopolitical rift between two important allies.
Sci-Tech
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Scientists have observed antimatter free-falling due to gravity for the first time
For the first time, an international team of scientists have directly observed that antimatter – the mysterious counterpart to ordinary matter – free-falls under gravity, answering a question which has been the subject of endless speculation among the scientific community.
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Man arrested in killing of Baltimore tech entrepreneur Pava LaPere was released from prison in 2022
The man arrested Thursday in the killing of a Baltimore tech entrepreneur was released from prison last year after serving a shortened sentence for a 2013 rape and was suspected in another rape days before the slaying last week, police said.
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Endangered red wolf can make it in the wild, but not without `significant' help, study says
The endangered red wolf can survive in the wild, but only with "significant additional management intervention," according to a long-awaited population viability analysis released Friday.