Stock market today: Wall Street steadies after selloff as a relaxing bond market offers some oxygen
Wall Street is holding steadier after the bond market relaxed its grip a bit on the stock market.
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
Canadian condo sales falling amid concerns over interest rate hikes
Amid consistent interest rate hikes and wavering markets, Canadian condo sales are starting to fall in all but two markets in the nation, according to a new report from Re/Max.
Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook
From ultra-low interest rates that led to a huge spike in real estate demand to the speed with which interest rates shot up to levels not seen in a generation, it's been hard to keep up with the shifting landscape for mortgage holders.
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.
BNN Bloomberg features
Canada
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How rate hikes have sparked debate on the causes of inflation and how to fight it
Central banks have been trying their best to convince the public that their interest rate hikes are ultimately for the greater good. But not everyone is buying it.
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Cloud of $20 bills causes disturbance in southeast Calgary
Some say it can't buy happiness while others say it's the root of all evil, but money did cause some excitement in a southeast Calgary neighbourhood Tuesday.
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Premier Wab Kinew: From rapper to reporter to Manitoba's top political office
Rap artist. Journalist. Economics student. Premier. Wab Kinew's path as a young man, including several brushes with the law and some convictions, did not appear a likely path to becoming the first First Nations premier of a province.
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GTA home sales drop 7.1% in September as higher rates bite
Greater Toronto home sales slid 7.1 per cent last month compared with September 2022, with sales of semi-detached houses and townhouses particularly declining from last year.
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Mould halts in-person visits at Newfoundland's notorious, rodent-infested jail
Inmates at Newfoundland's oldest and largest provincial jail say the facility's visiting room has been condemned because of mould.
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Parents want arrest after son 'deliberately kicked' in neck during Edmonton hockey game
A Junior C hockey player says he is lucky to be alive after his neck was sliced open by a hockey skate last week in an act his parents believe – and the referee ruled – was an intentional kick.
World
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U.K. police open a corporate manslaughter investigation into a hospital where a nurse killed 7 babies
British police have opened an investigation into corporate manslaughter at a northern England hospital after a neonatal nurse was convicted of murdering seven babies and trying to kill six others when she worked there, authorities said Wednesday.
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EU countries overcome key obstacle in yearslong plan to overhaul the bloc's asylum rules
European Union countries on Wednesday overcame a major obstacle in their yearslong quest to overhaul the bloc's asylum rules amid warnings that time is running out to clinch agreement on the entire scheme.
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5 people wounded in shooting after homecoming event at Baltimore university
A shooting interrupted a homecoming week celebration at Baltimore's Morgan State University on Tuesday, wounding five people and prompting an hourslong lockdown of the historically Black college.
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A bus plummeted 15 metres from an elevated road in Venice, killing 21 people
A bus carrying dozens of people plummeted 15 metres from an elevated road in Venice, causing a fiery crash that killed 21 people and injured at least 15, mostly foreign tourists returning to a nearby campsite.
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Indian police arrest a news site's editor and administrator after raiding homes of journalists
Police in New Delhi have arrested the editor of a news website and one of its administrators after raiding the homes of journalists working for the site, which has been critical of Prime Minister Narendra Modi and his Hindu nationalist-led government.
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Global Red Cross urges ouster of Belarus chapter chief over the deportation of Ukrainian children
The international Red Cross is calling for the ouster of the head of the Belarus Red Cross, who stirred international outrage for boasting that it was actively ferrying Ukrainian children from Russian-controlled areas to Belarus.
Entertainment
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Late-night shows return after writers strike as actors resume talks that could end their standoff
Late-night talk shows are returning Monday after a five-month absence brought on by the Hollywood writers strike, while actors completed the first day of talks that could end their own long work walk-off.
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Mariah Carey is going on a Christmas tour. Here's when it comes to Toronto
Mariah Carey is bringing Christmas to Toronto a bit earlier this year.
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Lady Gaga will not have to pay US$500,000 reward to woman tied to dognapping of her French bulldogs
A Los Angeles County Judge ruled Monday that singer Lady Gaga will not have to pay out the US$500,000 reward that she promised for her French bulldogs' safe return following a 2021 dognapping incident.
Health
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U.K. plans to raise legal smoking age each year until it applies to whole population
U.K. Prime Minister Rishi Sunak on Wednesday proposed raising the legal age that people in England can buy cigarettes by one year, every year until it applies to the whole population.
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'Unrelenting' fast-food ads using privacy 'loopholes' to target children: study
A first-of-its-kind study by the University of Ottawa has discovered a lack of information on what data and information is collected on children from food service apps.
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Adolescent ER visits in Ontario for eating disorders saw big jump during pandemic: study
The biggest jump in Ontario emergency room visits and hospitalizations for eating disorders during the first 30 months of the pandemic was seen in adolescents aged 10 to 17, according to a new study.
Politics
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What to know about Canada's new House Speaker
Liberal MP Greg Fergus is Canada's new House of Commons Speaker, following a secret ranked ballot election on Tuesday. It is a day for the political history books as Fergus, once a parliamentary page, becomes the first Black Canadian to hold the prestigious role.
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Nijjar fallout: India reportedly tells Canada to bring home 'dozens' of its diplomats
Canada needs diplomats in India to help navigate the 'extremely challenging' tensions between the two countries, Prime Minister Justin Trudeau said Tuesday in response to demands that Ottawa repatriate dozens of its envoys.
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Poilievre defends Truth and Reconciliation Day post, calls criticism 'appalling politicization'
Conservative Leader Pierre Poilievre is defending the caption on photos he posted to social media on the National Day for Truth and Reconciliation after Liberal cabinet minister Marc Miller accused him of misidentifying Inuit people as Algonquin.
Sci-Tech
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Trio wins Nobel Prize in chemistry for quantum dots, tiny colourful particles we can't see
Three scientists in the United States won the Nobel Prize in chemistry Wednesday for their work on quantum dots -- particles just a few atoms in diameter that can release very bright coloured light and whose applications in everyday life include electronics and medical imaging.
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3 scientists win Nobel Prize in physics for looking at electrons in atoms during split seconds
Three scientists won the Nobel Prize in physics on Tuesday for their work on how electrons move around the atom during the tiniest fractions of seconds, a field that could one day lead to better electronics or disease diagnoses.
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Meta's Instagram, Facebook to charge EU users for ad-free service: source
Meta Platforms is looking to introduce ad-free subscription plans for Instagram and Facebook users in Europe, two people familiar with the matter said on Tuesday.