Housing starts down seven per cent in March from February: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
Business and Finance News | CTV News
Business
CURRENCY CONVERTER
YOUR FINANCES
Insurance is high on frequently stolen vehicles. Here's how to reduce your premiums
Looking for a break on car insurance premiums is often top of mind for drivers. And finding ways to reduce that figure is especially important now, when rampant thefts have led to higher insurance costs.
Metro Vancouver renters spending more than 60% of monthly income, report suggests
Metro Vancouver renters are spending nearly two thirds of their monthly income on rent – more than double the recommended rent-to-income ratio – a new report suggests.
opinion
opinion The big benefits of adopting a debt-free lifestyle
In his column for CTVNews.ca, financial advice expert Christopher Liew explains the benefits of adopting a debt-free lifestyle, as well as the change in financial mindset and sacrifices it takes.
Only child? Four ways to prepare as a caregiver for aging parents
Here are four ways only children can prepare to cope with the challenge of caring for aging parents.
opinion
opinion What are the tax implications of working from home?
Working from home certainly has some perks and benefits, but it can change the way you file your tax returns. In his personal finance column for CTVNews.ca, Christopher Liew offers tips on on filing your taxes differently depending on what work-from-home scenario you find yourself in.
'Owning is better than renting,' and other financial beliefs that may be dated
Financial experts say they encounter myths every day in their line of work. Popular examples are that home ownership is the only way to get rich or budgeting rules that are outdated.
Opinion
Opinion Behind on your taxes? Some tips to get you caught up
Have you fallen behind on filing your tax returns? Whether you're behind one year or several, financial columnist Christopher Liew has some tips for those stressed out about where to start.
Tax return software makes filing easy, but knowing when to hire a professional is key
With the advent of self-filing software, the majority of people are able to file their own taxes without professional guidance, or the cost that goes along with it. But the key is understanding when to recruit extra help.
REAL ESTATE
Housing starts down seven per cent in March from February: CMHC
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.
Step inside Emma Roberts' sumptuous L.A. home
While many celebrity homes look less than lived-in, ranging from spotless minimal to ostentatiously palatial, actor Emma Roberts' Hollywood Hills home is made for curling up with a good book -- or several -- with warm tones, comfortable couches, and antique curiosities in each room (also, a lagoon-style pool in the backyard for summer reads).
Liberals release plan to 'solve the housing crisis,' branding it as a call to action
The federal Liberals have unveiled their plan to solve the housing crisis, building on recent announcements with new tax incentives, more than a billion dollars for homelessness and a country-wide effort to build more housing on public lands.
Home prices expected to climb 4.9% in 2024 as sales rise last month: CREA
The Canadian Real Estate Association says it's now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.
What to know about the woman sentenced to death in Vietnam's largest real estate fraud case
A Vietnamese real estate tycoon was sentenced to death Thursday in the country's biggest-ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation.
Canada to allow 30-year amortization for first-time buyers' mortgages on new homes
The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes.
Entry to housing market feels out of reach for 76% of non-owners: CIBC poll
A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach.
What to expect from the spring housing market
After five straight holds of the Bank of Canada's key interest rate that followed its hiking cycle of more than a year, economists say a rebound awaits the national housing market — but don't expect a big surge just yet.
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Canada
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Inmate who escaped from N.B. prison has long history of violent crimes
An inmate who escaped from Dorchester Penitentiary in Dorchester, N.B., on Saturday evening has a long history of violent crimes and a history of escaping custody.
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Annual inflation rate increased to 2.9% in March
The annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline, Statistics Canada said Tuesday.
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Grocery inflation slows in March, but price growth at restaurants remains strong
Inflation on groceries continued to slow in March, rising just 1.9 per cent compared with a year earlier.
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LIVE @ 4 EDT
LIVE @ 4 EDT Freeland to present 2024 federal budget, promising billions in new spending
Canadians will learn Tuesday the entirety of the federal Liberal government's new spending plans, and how they intend to pay for them, when Deputy Prime Minister and Finance Minister Chrystia Freeland tables the 2024 federal budget.
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'Puppet show': Saskatchewan finance minister apologizes for text to Speaker
Saskatchewan's finance minister was ordered to apologize after she sent the Speaker a text accusing him of letting the legislature devolve into an 'Opposition puppet show' on Monday.
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Thousands of dollars worth of tropical fish stolen from Ottawa Valley restaurant
Ontario Provincial Police are investigating the theft of "several thousand" dollars worth of tropical fish stolen from an Upper Ottawa Valley restaurant last week.
World
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What's at stake for Canada after Iran's unprecedented attack on Israel
Following the Iranian missile and drone strikes against Israel over the weekend, Canada should take the threat of Iran and potential escalation of the conflict seriously, one global affairs analyst says.
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More potential jurors dismissed as Trump's hush money trial enters second day
More potential jurors were dismissed Tuesday from Donald's Trump's hush money case as lawyers worked for a second day to find a panel of New Yorkers to decide whether the Republican will become the first former president convicted of a crime.
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DEVELOPING
DEVELOPING Israel must stop settler attacks on Palestinians, UN human rights office says
The UN human rights office called on Israeli security forces to immediately end their active participation in and support for attacks by Jewish settlers on Palestinians in the occupied West Bank.
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Making deepfake porn without consent could soon be a crime in England
The creation of sexually explicit deepfake content is likely to become a criminal offense in England and Wales as concern grows over the use of artificial intelligence to exploit and harass women.
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Australia's leader says French worker who intervened in stabbing attack can stay as long as he likes
Australia's prime minister said Tuesday a French construction worker who confronted a man who stabbed six people to death in a Sydney shopping mall is welcome to stay in the country as long as he likes.
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190 decaying bodies were found at a Colorado funeral home. Owners charged with COVID fraud of US$880K
A couple who owned a Colorado funeral home where authorities last year discovered 190 decaying bodies were indicted on federal charges that they misspent nearly US$900,000 in pandemic relief funds on vacations, cosmetic surgery, jewelry and other personal expenses, according to court documents unsealed Monday.
Entertainment
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What a murderous Winnie the Pooh can tell us about the public domain and remix culture
Classic characters, new stories, fresh mashups. Will it all be a bonanza for makers as classic works again begin entering the public domain?
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Kevin Hart to headline Edmonton's Great Outdoors Comedy Festival
Comedian Kevin Hart will headline the Great Outdoors Comedy Festival (GOCF) in Edmonton this summer, organizers announced Tuesday.
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Step inside Emma Roberts' sumptuous L.A. home
While many celebrity homes look less than lived-in, ranging from spotless minimal to ostentatiously palatial, actor Emma Roberts' Hollywood Hills home is made for curling up with a good book -- or several -- with warm tones, comfortable couches, and antique curiosities in each room (also, a lagoon-style pool in the backyard for summer reads).
Health
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What does science say about the ingredients in functional beverages?
Functional beverages -- or drinks promoted as offering mental or physical benefits beyond hydration -- are growing in popularity around the world. Hundreds of companies have jumped into the market, hoping to get some buzz with trendy and sometimes unfamiliar ingredients.
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Ontario may not meet LTC direct care target due to staff shortages: document
Difficulties hiring and retaining enough nurses and personal support workers for long-term care homes could mean the Ontario government may not meet its target for the amount of hands-on care residents receive, the minister responsible for the sector was warned.
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Exercise changes the brain in a way that helps heart health, especially for people with depression
It’s common knowledge that exercise is good for your mental health and your heart health — and now a new study suggests that all three are working together.
Politics
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LIVE @ 4 EDTLIVE @ 4 EDT Freeland to present 2024 federal budget, promising billions in new spending
Canadians will learn Tuesday the entirety of the federal Liberal government's new spending plans, and how they intend to pay for them, when Deputy Prime Minister and Finance Minister Chrystia Freeland tables the 2024 federal budget.
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Joly to Israel: 'Take the win' in thwarting Iran's weekend attack, don't retaliate
Foreign Affairs Minister Mélanie Joly says she's urging Israel to de-escalate rising conflicts in the Middle East and not bomb Iran in retaliation for this past weekend's thwarted airstrikes.
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Singh defends NDP carbon price position -- without directly supporting a consumer levy
The federal leader of the New Democrats is insisting his party's position on carbon pricing remains unchanged.
Sci-Tech
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NASA confirms mystery object that crashed through roof of Florida home came from space station
NASA confirmed Monday that a mystery object that crashed through the roof of a Florida home last month was a chunk of space junk from equipment discarded at the International Space Station.
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Your morning coffee may be hundreds of thousands of years old
Using genes from coffee plants around the world, researchers built a family tree for the world's most popular type of coffee, known to scientists as Coffea arabica and to coffee lovers simply as 'arabica.'
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NASA looks for new ways to return Martian samples to Earth due to budget cuts
NASA is seeking innovative methods that could help retrieve samples collected by the Perseverance rover on Mars in the future.