Bank of Canada cuts key rate for first time in more than 4 years
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.
Prince Charles issued a warning to the world days before leaders gather in the U.K. for crucial United Nations climate talks, saying there is a "dangerously narrow" window to tackle global warning.
The heir to the British throne said Saturday that the summit, which starts Oct. 31 in Glasgow, showed that "after far too long," climate change and biodiversity loss are at last "of paramount importance to the world."
In a recorded message to the Saudi Green Initiative Forum, 72-year-old Charles -- a long-time environmentalist -- said the coronavirus pandemic "has highlighted that human health, planetary health and economic health are fundamentally interconnected."
"We now have a dangerously narrow window of opportunity in which to accelerate a green recovery, while laying the foundations for a sustainable future," he said.
Saudi Arabia, one of the world's biggest oil producers, says it aims to reach net-zero greenhouse gas emissions by 2060. China and Russia have set the same net-zero date, while the United States, the European Union and Britain are aiming for 2050.
Representatives of around 200 countries will gather in Scotland at the end of the month for the two-week UN climate conference, known as COP26. Organizers say it is one of the last chances to nail down carbon-cutting promises that can keep global warming within manageable limits.
Alok Sharma, the British official serving as COP26 president, said getting countries to do enough to keep warming to 1.5 degrees Celsius above pre-industrial levels -- the goal agreed on at a summit in Paris in 2015 -- would be "really tough."
Current emissions-slashing commitments aren't enough, and major polluters including China and India have yet to submit new carbon-cutting plans for the next decade.
"It was brilliant, what they did in Paris, it was a framework agreement, (but) a lot of the detailed rules were left for the future," Sharma told The Guardian newspaper.
"The question is whether or not countries are willing in Glasgow to go forward and commit to consensus on keeping 1.5C alive, that's where the challenge will be."
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.
Air Canada is now offering free beer and wine on flights within Canada and the U.S. until the end of the year.
Billionaire Elon Musk is questioning diversity and inclusion hiring practices, using the social media platform he owns to criticize a job posting from the University of British Columbia.
McMaster Children’s Hospital is pausing scheduled tonsil and adenoid surgeries for patients under the age of 18 after officials say two pediatric patients who underwent the procedure died shortly after being discharged.
A 'near-shore landslide' has opened up a large sinkhole that's eating one of the iconic beaches on Australia's World Heritage-listed K’gari Island, formerly known as Fraser Island.
It was Conservative Leader Pierre Poilievre’s birthday on Monday, but he could've probably done without the package that one of his more obscure backbenchers dropped on his doorstep, writes former NDP leader Tom Mulcair in his latest column for CTVNews.ca.
Rising temperatures across the country add up to higher summer energy use for many Canadians, increasingly desperate to turn down the heat in their homes.
President Vladimir Putin warned Germany on Wednesday that the use of its weapons by Ukraine to strike targets inside Russia would mark a 'dangerous step.'
Born in 1922, Anne McNamara is now 101 years old. Her husband Howard is 104. They are among the few remaining Canadian veterans with first-hand memories of WWII.
The municipality of Tantramar, N.B., is holding a sale to get rid of surplus items it acquired after the Town of Sackville amalgamated with smaller communities last year.
For several weeks, a mysterious social media user has apparently been leaving $50 bills hidden across Metro Vancouver.
A statue dedicated to the Royal Regina Rifles Regiment has been officially unveiled in France just ahead of the 80th anniversary of D-Day.
A Cape Breton is this year's recipient of the McEuen Scholarship, which gives him basically a full ride to the medical school at the University of St. Andrews in Scotland.
Mounties in Kelowna nabbed a would-be burglar with an apparent sweet tooth over the weekend.
When Alyssa Anklewich’s history teacher assigned her Westwood Collegiate class an essay about D-Day, the 15-year-old had other ideas.
Many people are familiar with the benefits of being in nature, but forest therapy goes a step further than a simple walk in the woods.
The Stanley Cup was passing through town Friday, and Lanny Legend took it upon himself to take it for a surprise visit.
Car 14 is a luxury passenger car that once made regular runs from London to Port Stanley starting in 1917.