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Business
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Bank of Canada's rapid rate hikes likely to cause a recession, study finds
The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday from the Canadian Centre for Policy Alternatives.
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S&P/TSX composite closes down nearly 200 points, crude oil plummets
Canada's main stock index closed down almost 200 points Tuesday as the price of crude oil plunged and losses mounted in the energy and base metal sectors.
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Saving for retirement is becoming out of reach for young Canadians
Even though it may seem years away, saving for retirement is a top priority among 26 per cent of Canadians aged 18 to 34, a recent survey from the Healthcare of Ontario Pension Plan found. However, 79 per cent of respondents in that age group say saving for retirement is prohibitively expensive.
Lifestyle
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How to avoid luggage headaches amid air travel chaos
Travellers might not have any control over long lines and cancelled flights, but there are ways to minimize luggage disasters. From tracking devices for your luggage to packing light, here are some tips and tricks for your next trip through the airport.
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These Ontario cities and towns are now paying people to visit
A few Ontario cities and towns are now offering to pay tourists to encourage them to stay overnight this summer.
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Antique vampire-slaying kit sparks international bidding war at auction
A vampire-slaying kit once owned by a British aristocrat sparked an international bidding war before selling for six times its estimated price, according to Hansons Auctioneers.
Sports
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Former Oiler Mike Grier becomes NHL's first Black GM
The San Jose Sharks named Mike Grier as the NHL's first Black general manager on Tuesday.
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Wickenheiser among three Maple Leafs promoted to assistant general manager
The Toronto Maple Leafs have promoted Hayley Wickenheiser, Ryan Hardy and Darryl Metcalf to assistant general manager and hired Curtis Sanford as a goaltending coach.
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Canadian Jessica Campbell first female assistant coach in American Hockey League
Jessica Campbell broke a professional hockey barrier for women as the first female assistant coach in the American Hockey League. The 30-year-old from Rocanville, Sask., was named to the Coachella Valley Firebirds coaching staff Tuesday.
Autos
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Lewis Hamilton backs environmental protests, but not their methods as protestors invade British GP track
Seven-time Formula One world champion Lewis Hamilton has said he supports the cause of environmentalist group Just Stop Oil, but not some of its methods after group members invaded the track during the British Grand Prix.
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B.C. judge dismisses realtor's claim dealership misled him about Ford Mustang
A Vancouver Island real estate agent has lost his bid to recover a deposit he made on a new Ford Mustang that he intended to offer as a prize in a year-long contest in 2020.
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Tesla's second quarter sales drop amid supply chain, pandemic problems
Tesla's sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles.