Sharp drop in retailers helps pull Wall Street indexes lower
Stocks fell sharply in afternoon trading on Wall Street Wednesday, led by led by steep drops in retailers as Target plunged after issuing a grim quarterly earnings report.
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CURRENCY CONVERTER
REAL ESTATE
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.
Public apology issued by B.C. township ordered to pay $350,000 for selling man's property
A small township in B.C.'s North Okanagan issued a public apology Wednesday after being ordered to pay hundreds of thousands of dollars for selling a man's property without his knowledge.
Two-thirds of Canadians concerned about rising home prices: Nanos survey
A new poll from Nanos Research has found that two-thirds of Canadians are expressing concern over rising housing prices, with concern highest among younger Canadians.
Fewer home bids easing competition for some, but prices still high: brokers
Prospective buyers who have grown tired of going up against dozens of competitors to purchase a home are starting to get some relief from the frenzy seen over the past two years.
FINANCES DURING COVID-19
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.
Statistics Canada says higher prices lifted manufacturing sales higher in March
Statistics Canada says manufacturing sales rose 2.5 per cent to $70.2 billion in March, helped by higher prices.
Government coffers fuller than expected due to higher inflation, growth: Desjardins
A new analysis of government finances across the country says revenues were much stronger than expected in the last year due to higher inflation and economic growth.
Gas could rise by five cents this week and five cents the week after, analyst says
A leading energy price expert says gas prices could go up another five cents across Canada if Russia decides to intensify its assault on Ukraine or declare all-out war come Monday.
Shipping delays are back as China's lockdowns ripple around the world
Global shipping was just starting to recover from the chaos of the pandemic. Now port congestion and delays are back and could be around for a while.
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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Crown wants Freedom Convoy organizer Tamara Lich returned to jail to await trial
Crown prosecutors want Ottawa protest organizer Tamara Lich sent back to jail to await trial, claiming she breached her bail conditions by agreeing to participate in an event next month where she will receive a 'Freedom Award.'
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'Somebody out there is missing this child': Remains of young girl found in water in Dunnville, Ont.
Provincial police announced Wednesday the human remains found in the water in Dunnville, Ont., the day before are that of a young girl.
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Prince Charles, Camilla visit Ukrainian church in Ottawa on second day of royal tour
Prince Charles and Camilla, Duchess of Cornwall, lit candles and listened to a prayer service on Wednesday inside a gilded Ukrainian Orthodox cathedral in Ottawa, while congregants and onlookers waved blue-and-yellow flags and Union Jacks outside.
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'Please' before 'cheese': Answers to your royal etiquette questions
Etiquette expert Julie Blais Comeau answers your questions about how to address the royal couple, how to dress if you're meeting them, and whether or not you can ask for a selfie.
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Multiple bridges seriously damaged in flash floods, more rain on the way for Manitoba
Manitoba is bracing for more rain as it works to repair multiple bridges that were seriously damaged in flash floods over the weekend.
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Former RCMP staff sergeant describes spotty radio, lack of resources in N.S. shooting
A Mountie who led much of the response to the 2020 Nova Scotia mass shooting testified Wednesday that spotty radio service and the lack of an RCMP helicopter were among the equipment problems that hampered the manhunt.
World
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Ex-Minneapolis officer pleads guilty in George Floyd killing
A former Minneapolis police officer pleaded guilty Wednesday to a state charge of aiding and abetting second-degree manslaughter in the killing of George Floyd, admitting that he intentionally helped restrain the Black man in a way that created an unreasonable risk and caused his death.
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After Buffalo massacre, N.Y. governor seeks action on guns
New York would require state police to seek court orders to keep guns away from people who might pose a threat to themselves or others under a package of executive orders and gun control bills touted Wednesday by Gov. Kathy Hochul in the aftermath of a racist attack on a Buffalo supermarket.
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Lawmaker's arrest is latest sex claim to roil U.K. Parliament
A U.K. Conservative lawmaker was released on bail Wednesday while police investigate allegations of rape and sexual assault against him, the latest in a series of sexual misconduct allegations that have led some to label Britain's Parliament a toxic workplace.
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Tesla's Musk says he 'can no longer support' Democrats, 'will vote Republican'
Tesla Inc CEO Elon Musk said on Wednesday that while he voted for Democrats in the past, he will now vote for Republicans.
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Flight data suggests China Eastern plane deliberately crashed: Wall Street Journal report
Black box data recovered from a China Eastern flight that crashed in March suggests someone in the cockpit intentionally downed the plane, the Wall Street Journal reported, citing a preliminary assessment from United States officials.
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Sri Lankan protesters include Tamil victims in war memorial
Sri Lankan protesters lit flames and offered prayers Wednesday remembering thousands -- including ethnic Tamil civilians -- killed in the final stages of the country's decades long civil war, in the first-ever event where mostly majority ethnic Sinhalese openly memorialized the minority group.
Entertainment
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'Suffer in silence:' Experts worry of fallout from public reaction to Amber Heard's testimony
As Johnny Depp's defamation trial against his ex-wife Amber Heard stretches into its fifth week, experts say public reaction to Heard's testimony sends a perilous reminder that despite the 'MeToo' movement, the credibility of alleged victims of abuse can be fragile.
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Heard's sister, friend back her assault claims against Depp
A friend of actor Amber Heard testified Wednesday that she saw the bruises and cuts left in the aftermath of multiple incidents of abuse inflicted by Heard's ex-husband, Johnny Depp.
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Taylor Swift gets honorary degree from New York University
Taylor Swift received an honorary doctorate of fine arts from New York University on Wednesday, blowing kisses as the crowd roared when she walked toward the stage at a packed Yankee Stadium.
Health
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Judge suspends Michigan's dormant 1931 abortion ban
A judge on Tuesday suspended Michigan's dormant, decades-old ban on abortion, which means the procedure would not be illegal in the state even if the U.S. Supreme Court overturns its historic Roe v. Wade decision.
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Federal judge strikes down Tennessee bathroom signage law
A federal judge on Tuesday struck down Tennessee's first-of-its-kind law requiring businesses to post special signs if they allow transgender people to use the bathroom of their choice.
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Women are almost twice as likely to be trapped in a car after a crash: study
A new study out of the United Kingdom has found that women are almost twice as likely as men to be trapped in a vehicle after a crash.
Politics
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Conservative party investigating complaint by Patrick Brown team about racist email
The Conservative Party of Canada is investigating a complaint lodged by Patrick Brown's leadership campaign about a racist email it says it received from a member.
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Trudeau says Ottawa watching Quebec's proposed changes to language law 'carefully'
Prime Minister Justin Trudeau says the federal government is watching 'carefully' how Quebec's Bill 96 is playing out provincially and respects the freedom of members of Parliament to protest it.
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Ed Fast out as Tory finance critic after criticizing leadership candidate Poilievre
Ed Fast is no longer the Conservative finance critic, interim party leader Candice Bergen says. Bergen said in a statement late Wednesday that Fast informed her he will be 'stepping away from his duties.'
Sci-Tech
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Dusty demise for NASA Mars lander in July; power dwindling
A NASA spacecraft on Mars is headed for a dusty demise.
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'A pretty amazing phenomenon': Giant ice shoves form on Lake Winnipeg
Even though it is spring, some Manitobans were in for a cool surprise over the weekend as ice piled up on the shore of Lake Winnipeg, creating what looked like giant hills of ice.
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Happy is an Asian elephant. But is she also a person?
She has four limbs, expressive eyes and likes to stroll through greenery in New York City. Happy, by species, is an Asian elephant. But is she also a person? That's the question before New York's highest court Wednesday.