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.
Artworks by Pablo Picasso, Mark Rothko and Andy Warhol and other modern masters are going up for auction in a sale ordered by a U.S. court as part of a billionaire couple's acrimonious divorce.
Sotheby's auction house announced Friday that it will offer 30 works from the Macklowe Collection on May 16 in New York.
The works belonged to property developer Harry Macklowe and his wife Linda, who spent 40 years assembling a collection by some of the 20th century's greatest artists, displaying many of them in their grand apartment in New York's Plaza building.
After they split in 2016, a judge ordered the collection sold as part of the divorce settlement. The pieces getting auctioned off in May together are valued at hundreds of millions of dollars.
Sculptures by Picasso, Alberto Giacometti and Jeff Koons are also among the works on offer in the sale, the second from the Macklowe Collection. The first sale of 35 artworks in November netted $676 million -- the highest-ever total for a Sotheby's auction.
The November sale included a multicolored Rothko canvas, "No. 7," that sold for $82.4 million, Jackson Pollock's "Number 17," which went for $61 million and Warhol's "Sixteen Jackies," which fetched almost $34 million.
A public display of works from the May sale is planned at Sotheby's in London from Tuesday until March 2. The items then are scheduled to go on tour to Palm Beach, Taipei, Hong Kong, Shanghai and New York ahead of the auction.
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.
The Hospitals of Regina Foundation (HRF) issued an official apology on Wednesday following comedian Rob Schneider's set at a fundraising event on Saturday night.
If an Oilers fan in Edmonton has the spare time, they can not only potentially witness their hockey heroes win and take a step closer to claiming puck glory, they can brag that they journeyed the longest distance between two NHL markets to do it.
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.
Five people associated with the Hells Angels motorcycle gang are facing charges after police raided two homes and two unlicensed bars in Waterloo Region.
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.'
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.
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.
Marking a milestone, Lakeshore resident Olga White celebrated her 107th birthday in style Wednesday.
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.