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The Bank of Canada has raised its overnight rate by 50 basis points to 4.25 per cent, marking its seventh rate hike in nine months. The last time the bank’s policy rate was this high was in January 2008.
The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent -- the highest it's been since January 2008 -- on Wednesday in its final rate decision of a year that has been marked by stubbornly high inflation and rapidly increasing interest rates.
Amid rising interest rates, Canadians with fixed-rate mortgages may be faced with much higher monthly payments upon renewing their agreement. If your mortgage will soon be up for renewal and you want to share your concerns, CTVNews.ca wants to hear from you.
Twitter owner and Tesla boss Elon Musk briefly lost his title as the world's richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a US$44 billion bet on the social media firm.
Neck pain may have many causes: Stress, poor posture, texting, injuries from sports, car or other accidents and chronic illnesses such as fibromyalgia, to name a few. But there's another culprit you may not be considering — how you sleep.
The Royal Canadian Mint is issuing a new $2 coin with a black ring in honour of the late Queen Elizabeth II.
Aaron Judge is staying with the New York Yankees on a US$360 million, nine-year contract, according to a person familiar with baseball's biggest free agent deal ever.
Flick's future was more uncertain following Germany's early World Cup exit, its third straight disappointing performance at a major tournament, and the former Bayern Munich coach was under pressure going into Wednesday's meeting with federation president Bernd Neuendorf and vice president Hans-Joachim Watzke.
A new professional women's soccer league is coming to Canada.
Hertz Global Holdings Inc. said on Monday it will pay about $168 million by year-end to resolve over 95 per cent of pending claims from owners who alleged the car rental giant filed wrongful theft reports.
Designed for deliveries, a fully electric commercial vehicle — the first of its kind — rolled off the CAMI line Monday in Ingersoll, with both Prime Minister Justin Trudeau and Premier Doug Ford in attendance.
A 24-year-old man from Preeceville, Sask. was reunited with his grandfather's classic, custom-made Ford truck after finding it on social media and plans to restore it to its former glory.