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  • Biden invokes Defense Production Act for formula shortage

    U.S. President Joe Biden invoked the Defense Production Act to speed production of infant formula and authorized flights to import supply from overseas, as he faces mounting political pressure over a domestic shortage caused by the safety-related closure of the country's largest formula manufacturing plant.

    Infant formula is stacked on a table during a baby formula drive to help with the shortage, May 14, 2022, in Houston. (AP Photo/David J. Phillip)

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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.

A home listed on the market in Saskatoon. (Quiksell Real Estate Photography / Megan Dyck, Re/Max Saskatoon)

FINANCES DURING COVID-19

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.

A sign at a gas station displays the price of a litre of regular grade gasoline after it reached a new high of $2.28 in Vancouver on May 14, 2022. THE CANADIAN PRESS/Darryl Dyck

From Pattie Lovett-Reid, Chief Financial Commentator

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.

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FILE - This Sept. 11, 2018, file photo, shows a marijuana plant at in the coastal mountain range of San Luis Obispo, Calif. New York Gov. Andrew Cuomo signed a bill Monday, July 29, 2019 that softens penalties for possessing small amounts of marijuana and allows for the expungement of some past convictions. (AP Photo/Richard Vogel, File)