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High cost of home ownership exposes strains in Canada’s housing market

A Manulife Bank Canada report shows more than one third of Canadian homeowners were unable to cover expenses at least once this year. Less than half think they'll have enough savings for retirement.
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Top Picks from Jennifer Radman: Cisco Systems, Amdocs, Broadridge Financial Solutions
Top Picks from Jennifer Radman, vice president & Senior Portfolio Manager, Caldwell Investment Management.
HP Enterprise to merge enterprise unit with Computer Sciences Corp
Hewlett Packard Enterprise Co said on Tuesday it plans to spin off and merge its enterprise services business with Computer Sciences Corp.
Red Bull content deal gives GoPro wings, lifting camera maker's stock
Shares of GoPro Inc got a lift on Tuesday after the struggling action camera maker said it was partnering with extreme sports sponsor Red Bull in a marketing and promotion deal.
Monsanto rejects US$62B Bayer offer, but says it's open to a deal
Monsanto Co, the world's largest seed company, will reject Bayer AG's US$62 billion acquisition bid and seek a higher price, two people familiar with the matter said on Tuesday.
Top Picks from Andrey Omelchak: Element Financial, Yellow Pages, EXCO Technologies
Top Picks from Andrey Omelchak, president & CIO, LionGuard Capital Management.
Struggling to save: Why millennials can’t buy the houses they want
Almost two thirds of Canadian millennials want to buy a house in the next five years, but almost half haven’t started saving, according to a survey released on Tuesday by CIBC.
Domino's sued over alleged wage theft by New York franchisees
The New York attorney general's office on Tuesday filed a lawsuit claiming Domino's Pizza Inc is liable for alleged wage theft by franchisees because the company used a computer system that it knew under-calculated workers' pay.
U.S. household debt soars to US$12.25 trillion in Q1: New York Fed
Total U.S. household debt rose to $12.25 trillion in the first quarter of 2016, due largely to an increase in mortgages, according to a survey released on Tuesday by the Federal Reserve Bank of New York.
AltaGas says Astomos Energy to buy at least half propane exports from B.C. terminal
Calgary-based company AltaGas has lined up a buyer for half of the propane it hopes to export from a deep-water terminal northwest of Vancouver.
The Tragically Hip's singer Gord Downie diagnosed with terminal brain cancer
The Tragically Hip said this morning that its lead singer, Gord Downie, has terminal brain cancer.
Nokia could cut 10,000 to 15,000 jobs globally: union
Telecom network equipment maker Nokia is likely to cut 10,000 to 15,000 jobs globally, far more than it has announced so far following its acquisition of Franco-American rival Alcatel-Lucent, a Finnish union representative said.
Prosecutor confirms Google Paris raid in tax evasion probe
French investigators raided Google's Paris headquarters on Tuesday as part of a probe into tax evasion and money laundering, the financial prosecutor's office said, confirming media reports.
How ‘Superfan’ Nav Bhatia brings his passion for the Raptors to his business
There’s no shortage of Raptors supporters in Canada this playoff season, but there’s one fan in particular who has caught everyone’s attention. His name is Nav Bhatia.
High cost of home ownership exposes strains in Canada’s housing market
A Manulife Bank Canada report shows more than one third of Canadian homeowners were unable to cover expenses at least once this year. Less than half think they'll have enough savings for retirement.
Victoria Day weekend guide: Tips from Kevin O’Leary, Pattie Lovett-Reid, Beau’s CEO
For most Canadians, Victoria Day long weekend is the unofficial start of the summer season. CTV Chief Financial Commentator Pattie Lovett-Reid, Beau’s CEO Steve Beauchesne and chairman of O’Leary Financial Group Kevin O’Leary give their tips on various ways to take advantage of your summer break.
Top Picks from Jaime Carrasco: Americas Silver, Barkerville Gold, Vermilion Energy
Top Picks from Jaime Carrasco, director & associate portfolio manager at Scotiabank Wealth Management.
Equal doesn’t equal fair: How to divvy up the family cottage
ANALYSIS: It’s the first long weekend of the spring any many people will be getting ready to go to the cottage. CTV’s Chief Financial Commentator Pattie Lovett-Reid has some tips for keeping everyone in the family happy at the cottage.
U.S. law firm probing Target’s Canadian expansion disclosure
Los Angeles-based law firm Glancy Prongay & Murray has begun an investigation into possible violation of federal securities laws by Target Corporation and its officers. The possible violations relate to Target’s operations in Canada.
The Week Ahead: Bank of Canada rate decision, G7 summit
BNN sets up the week ahead to highlight what investors should be expecting.
The Tragically Hip's singer Gord Downie diagnosed with terminal brain cancer
The Tragically Hip said this morning that its lead singer, Gord Downie, has terminal brain cancer.
AltaGas says Astomos Energy to buy at least half propane exports from B.C. terminal
Calgary-based company AltaGas has lined up a buyer for half of the propane it hopes to export from a deep-water terminal northwest of Vancouver.
U.S. household debt soars to US$12.25 trillion in Q1: New York Fed
Total U.S. household debt rose to $12.25 trillion in the first quarter of 2016, due largely to an increase in mortgages, according to a survey released on Tuesday by the Federal Reserve Bank of New York.
Canada's banks to set aside more funds to cover toxic oil loans
Canada's biggest banks are expected to set aside more funds to cover bad loans to the oil and gas sector, eating into their profits when they announce second quarter results next week, analysts say.
Why this Apple developer thinks the tech giant is doomed to a BlackBerry-style fall
Apple could be doomed to a BlackBerry-style fall from grace if it does not adapt to the rapidly changing mobile landscape, according to Apple developer Marco Arment.

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