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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, a new study from the Canadian Centre for Policy Alternatives (CCPA) says.
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S&P/TSX composite down more than 400 points, U.S. stock markets also fall
Canada's main stock index plunged more than 400 points in late-morning trading amid a broad-based decline led by losses in the energy and base metal sectors, while U.S. stock markets also fell.
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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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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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Inflation drives Toronto 2026 FIFA World Cup cost estimate up to $300 million
The estimated cost to taxpayers for Toronto to host several 2026 FIFA World Cup games has risen to about $300 million, or at least $60 million per expected game.
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Novak Djokovic tops Jannik Sinner for his 26th Wimbledon win in a row
Novak Djokovic spotted 10th-seeded Jannik Sinner of Italy that huge lead Tuesday, then worked his way all the way back to pull away and win at Centre Court, earning an 11th semifinal berth at Wimbledon with his 26th consecutive victory at the grass-court Grand Slam tournament.
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.