Stocks rise on Wall Street; report shows strong retail sales
Stocks rose in afternoon trading on Wall Street Tuesday as investors review an encouraging report on retail sales and a mixed batch of earnings updates from several big retailers.
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Business
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CURRENCY CONVERTER
REAL ESTATE
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.
Nova Scotia government scraps non-resident property tax
The Nova Scotia government will not move forward with its contentious non-resident property tax after all.
Windowless room barely larger than a twin mattress renting for $750 a month in downtown Vancouver
As Vancouver rents continue to skyrocket, a windowless room downtown, barely big enough to fit a single bed, is being offered for $750 per month.
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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Alberta premier urges U.S. senators to convince Michigan to stop Line 5 shutdown
Alberta Premier Jason Kenney is urging the U.S. government to convince Michigan to abandon its legal campaign against the Line 5 pipeline.
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Regular travel and public health measures can't coexist: Canadian Airport Council
International arrivals at Canadian airports are so backed up, people are being kept on planes for over an hour after they land because there isn't physically enough space to hold the lineups of travellers, says the Canadian Airports Council.
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Prince Charles offers remarks about reconciliation as Canadian tour begins
Prince Charles and Camilla, the Duchess of Cornwall, have arrived in St. John's, N.L., to begin a three-day Canadian tour that includes stops in Ottawa and the Northwest Territories.
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Former Pentagon officials briefed Canadian MPs on UFOs, MP and researcher say
Former Pentagon officials have briefed at least three Canadian members of Parliament about unidentified flying objects, according to a Manitoba MP and a Texas-based researcher.
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Border-crossing for boosters: Some frustrated B.C. residents heading to U.S. for more vaccine
With limited access to second boosters at home, a growing number of British Columbians have been considering a trip into Washington state for a fourth dose of COVID-19 vaccine.
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Confusion over RCMP leadership roles marked early investigation of N.S. mass shooting
When a man disguised as a Mountie started killing people in northern Nova Scotia two years ago, there was considerable confusion over who was in charge of the RCMP operation, newly released documents show.
World
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Drugs tunnel the length of six football fields links Tijuana, San Diego
U.S. authorities on Monday announced the discovery of a major drug smuggling tunnel -- running about the length of a six football fields -- from Mexico to a warehouse in an industrial area in the U.S.
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Sri Lanka down to last day of petrol, PM tells crisis-hit nation
Sri Lanka's new prime minister said on Monday the crisis-hit nation was down to its last day of petrol, as the country's power minister told citizens not to join the lengthy fuel queues that have galvanized weeks of anti-government protests.
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Indian couple sue only son for not giving them grandchildren
A couple in India are suing their son and daughter-in-law -- for not giving them grandchildren after six years of marriage.
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Singapore denies entry to Indonesian cleric, cites extremism concerns
Singapore said late on Tuesday border officials in the city-state had denied entry to an Indonesian Muslim cleric, citing what it said were Abdul Somad Batubara's "extremist and segregationist teachings."
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In Buffalo, Biden mourns victims, says 'evil will not win'
U.S. President Joe Biden mourned with Buffalo's grieving families on Tuesday, then exhorted the nation to reject what he angrily labelled the poison of white supremacy. He said the nation must 'reject the lie' of the racist 'replacement theory' espoused by the shooter who killed 10 Black people in Buffalo.
Entertainment
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Amber Heard cross-examined about fights with Johnny Depp
Lawyers for Johnny Depp on Tuesday questioned the truthfulness of Amber Heard's accusation that Depp sexually assaulted her with a liquor bottle.
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Zelenskyy opens Cannes Film Festival, links war and cinema
The 75th Cannes Film Festival kicked off Tuesday with an eye turned to Russia's war in Ukraine and a live satellite video address from Ukrainian President Volodymyr Zelenskyy, who called on a new generation of filmmakers to confront dictators as Charlie Chaplin satirized Adolf Hitler.
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Margot Robbie in talks to join 'Pirates' movie without Depp, producer says
'Pirates of the Caribbean' producer Jerry Bruckheimer reminded fans in a recent interview with The Sunday Times that the future of his Disney mega-franchise does not currently include Johnny Depp, but talks are ongoing with actress Margot Robbie.
Health
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Conspiracy theorists flock to bird flu, spreading falsehoods
The return of the avian flu is also spawning fantastical claims similar to the ones that arose during the COVID-19 pandemic, underscoring how conspiracy theories often emerge at times of uncertainty, and how the internet and a deepening distrust of science and institutions fuel their spread.
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Fauci says 'no' to serving under Donald Trump should he win a second term
White House chief medical adviser Dr. Anthony Fauci said he would not continue to serve in his role if Donald Trump was elected to a second term as president.
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U.K. officials: 4 men infected with 'rare' monkeypox in London
British health authorities say they have identified four 'rare and unusual' cases of the disease monkeypox among men who appear to have been infected in London and had no history of travel to the African countries where the smallpox-like disease is endemic.
Politics
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Poilievre personally holds investment in Bitcoin as he promotes crypto to Canadians
Conservative Party leadership candidate Pierre Poilievre has a personal financial interest in cryptocurrencies that he has promoted during his campaign as a hedge against inflation.
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Airport delays: Transport minister says feds not asking airlines to cut back flights
Canada's transport minister is dismissing claims that the federal government asked airlines to reduce their schedules and cancel flights to ease recent travel delays.
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Liberals move to bar sanctioned Russians from Canada through immigration amendments
The Liberal government is moving to ban Russians sanctioned over Moscow's invasion of Ukraine from entering Canada. The government tabled proposed amendments to federal immigration law in the Senate on Tuesday to ensure foreign nationals subject to sanctions under the Special Economic Measures Act are inadmissible to Canada.
Sci-Tech
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U.S. official says Pentagon committed to understanding UFO origins
Two senior U.S. defence intelligence officials said on Tuesday the Pentagon is committed to determining the origins of what it calls 'unidentified aerial phenomena' - commonly termed UFOs - but acknowledged many remain beyond the government's ability to explain.
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Musk wars with Twitter over his buyout deal - on Twitter
Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots.” Now he's arguing - without presenting any evidence - that there might be just too many of those automated accounts for the US$44 billion deal to move ahead.
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Twitch, a live-streaming giant, comes under scrutiny after Buffalo shooting
Twitch, the livestreaming giant popular among video gamers, has been thrust into the national spotlight after the suspect in the Buffalo grocery store mass shooting tried to broadcast the attack on the platform.