ÐÇ¿Õ´«Ã½

Business

    • Rising cost of living tops Canadians' list of worries, RBC survey finds

    Share
    TORONTO -

    A new RBC survey suggests financial uncertainty has become the new normal for many Canadians as inflation eats into their savings and hampers their future financial security.

    The rising cost of living tops Canadians' list of worries, according to the poll, with 77 per cent of respondents saying they are not able to save as much as they would like to and roughly half saying they've never been more stressed about money.

    Craig Bannon, director of regional financial planning support at RBC, says more than one-third of Canadians don't have an emergency fund, further weakening their financial flexibility.

    The RBC poll also found that Canadians are worried about a potential recession, with the majority saying it would be tougher on everyone to weather an economic downturn today than it was in 2008.

    If inflationary pressures continue into 2024, the poll finds 72 per cent of respondents with debt are worried about taking on more debt while 21 per cent said they might have to come out of retirement.

    The survey, commissioned by RBC, polled 1,508 Canadian adults online between June 20 and 23. The poll cannot be assigned a margin of error because online surveys are not considered truly random samples.

    This report by The Canadian Press was first published Sept. 20, 2023.

    CTVNews.ca ÐÇ¿Õ´«Ã½

    Canada

    • Toronto police are looking for a stolen vehicle in connection with at least eight separate shootings in the city over the weekend.

    • With dozens of WestJet flights unceremoniously cancelled to and from Vancouver International Airport Sunday, many travelers have been forced to sleep at the airport, or pay out of pocket for a flight from another airline.

    • Toronto police say they're investigating a pair of suspected hate-motivated offences after two city synagogues were damaged early Sunday morning.

    World

    Politics

    Health

    Sci-Tech

    Entertainment

    Business

    Lifestyle

    Sports

    • With dozens of WestJet flights unceremoniously cancelled to and from Vancouver International Airport Sunday, many travelers have been forced to sleep at the airport, or pay out of pocket for a flight from another airline.

    • Toronto Blue Jays slugger Vladimir Guerrero Jr. was scratched from the lineup for Monday afternoon's Canada Day game against the Houston Astros because of pain in his right hand.

    Autos

    • It used to be cash was king and that you could get a better deal if you paid for a car in full, but now many dealers want you to finance your purchase so they can make more money.

    • Several stolen vehicles believed to have been used in organized and serious crime, including one homicide, have been found in Alberta during an investigation into an auto theft ring.

    Local Spotlight

    When Zhya Aramiy was living in Turkey and Iraq, he had to keep his Pride flags hidden away.

    A rave at the Ontario Science Centre was the place where Greg LeBlanc says his relationship first began with his husband Mark in 1997.

    The city is entering the final stages of resuming water service through its repaired feeder main, as water consumption continues to fall below the city’s threshold level.

    A grandfather and grandson duo proudly graduated alongside each other at the same northern Manitoba school.

    A large basking shark was captured close to the shoreline on Nova Scotia's Eastern Shore.

    The world's largest hockey stick could soon become the world's most in-pieces hockey stick as a Vancouver Island community prepares to tear down and carve up the Canadian landmark.

    For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.

    • At least 20 homes have been affected by flash flooding in the British Columbia Interior following heavy rains that forced the overnight closure of the Trans-Canada Highway near Kamloops.

    • The tentative agreement that ended a days-long strike involving WestJet’s airline mechanics was not reached in time to avoid more travel woes at the Vancouver airport Monday.

    • Violence broke out following Rick Ross’s performance at a Vancouver music festival Sunday, with the influential rapper reportedly being attacked during the melee.

    • It's Canada Day. The statutory holiday will see several events and celebrations held across the city, and some businesses and services closed. Here’s everything you need to know to plan your 2024 Canada Day,

    • Toronto police are looking for a stolen vehicle in connection with at least eight separate shootings in the city over the weekend.

    • Crews are working to stabilize Calgary’s water system as the final step in restoring the city’s water service following a major feeder line break.

    • Some parts of northwest Calgary experienced a flash flood on Sunday night, flooding basements and stranding a vehicle.

    • OPINION

      OPINION

      Our semi-annual Calgary municipal survey, conducted in mid-June this year, did not bring good news for Mayor Jyoti Gondek and many of her council. Indeed, from a public opinion perspective, their path over the past three years has been a rocky, downward journey.

    • July 1 is Canada Day and the nation’s capital does not fall short on activities and celebrations, according to the City of Ottawa.

    • Several events across the city will be hosting fireworks displays as part of their celebrations next Monday, while residents are allowed to host private fireworks displays on June 30, July 1 and July 2.

    • The Brockville Pipe and Drum Corp, alongside the Scarlet Clad Infantry Reenactors lead a march down King Street West and up Court House Avenue to celebrate Canada Day in Brockville, Ont.

    • It's Moving Day on Monday for many Quebecers. However, as anticipated by organizations, July 1 is a difficult day for many tenants, as nearly 1,300 households are still being assisted by a housing search service.

    • It's clear skies for Canada Day festivities in Montreal on Monday. Weather conditions will be ideal to take in the evening fireworks display at the Old Port, which is hosting its annual Canada Day celebrations.

    • Juraj Slafkovsky got a Canada Day payday. The Montreal Canadiens signed the forward to an eight-year, US$60.8-million contract extension beginning in 2025-26.

    • Canada Day fireworks will go off in the greater Edmonton area at 11 p.m. Monday.

    • The Edmonton Oilers have signed forward Viktor Arvidsson to a two-year, US$4-million contract, and also extended contracts for both Connor Brown and Corey Perry.

    • The Canada Day long weekend is just around the corner and there's no shortage of planned events happening in the Edmonton area.

    • One person had died after being struck by a train in downtown Moncton, according to RCMP.

    • A nearly 50-year-old church hall in Halifax is coming down at the end of summer, prompting a daycare and a non-profit organization using the space to find new accommodations.

    • A rainy Canada Day is dampening some celebrations around Winnipeg.

    • A heat warning is in effect in Churchill, Man., with the area expecting to see daytime highs around 30 C.

    • Winnipeg police said no criminal charges will be laid in a motor vehicle collision that sent a 79-year-old pedestrian to hospital Saturday.

    • Following a tumultuous 48 hours for those relying on air travel over the Canada Day weekend, WestJet is now steadily restoring flights across the country.

    • The Regina Police Service (RPS) released photos of the suspect involved in an assault with a weapon on Friday night in the North Central neighbourhood.

    • Canada Day is on Monday, and here's what’s happening in the Queen City and some things to keep in mind.

    • Brandon Montour is making a big move fresh off his Stanley Cup win with the Florida Panthers.

    • The countdown is on to Canada Day! Here’s a quick look at the celebrations happening in your neighbourhood.

    • Canada Day is almost here and there are a number of closures and scheduling changes planned for the holiday.

    • Alberta RCMP says one of its officers in the Lloydminster detachment fired his weapon in a public campground after a suspect stole an occupied RV and drove it towards him.

    • A garage fire in Saskatoon’s Riversdale neighbourhood filled the street with thick, acrid smoke on Monday morning as emergency crews arrived on scene.

    • Following a tumultuous 48 hours for those relying on air travel over the Canada Day weekend, WestJet is now steadily restoring flights across the country.

    • A viewer sent CTV News Northern Ontario a security camera photo of what appears to be a cougar crossing behind his camp.

    • A local teen is facing several impaired driving-related charges following a traffic stop on Lakeshore Drive in New Liskeard on Friday.

    • Barrie Fire and Police are investigating a Canada Day morning fire at the Simcoe Residential Hotel.

    • The City of Barrie has a full day of programming for the July 1st festivities.

    • A man was found dead on the scene near an apartment fire in Owen Sound on Sunday.

    • Windsor police say a cyclist has died after colliding with a vehicle in east Windsor.

    • Windsor police are asking for the public’s assistance locating one of Canada’s most wanted fugitives after gunshots were fired on Erie Street.

    • Chatham-Kent police are investigating after alcohol was reported stolen in a break-in at local restaurant.

    • At least 20 homes have been affected by flash flooding in the British Columbia Interior following heavy rains that forced the overnight closure of the Trans-Canada Highway near Kamloops.

    • The tentative agreement that ended a days-long strike involving WestJet’s airline mechanics was not reached in time to avoid more travel woes at the Vancouver airport Monday.

    • Violence broke out following Rick Ross’s performance at a Vancouver music festival Sunday, with the influential rapper reportedly being attacked during the melee.

    • A severe thunderstorm watch is in effect Sunday for a swath of the B.C. Interior, according to Environment and Climate Change Canada.

    • Mounties in Kelowna say a suspect is at large after a man was stabbed in the city Sunday afternoon.

    • Police are remaining tight-lipped about a woman’s death in a Kelowna park on Friday.

    • With the recent moisture and cooler temperatures, fire bans and restrictions in the Lethbridge area are no longer in effect.

    • Plenty of tourists will descend on Lethbridge to see what the city offers. Locals, too, will have no shortage of activities this weekend.

    • The 122-year-old Raymond Stampede is set to get underway this weekend, but this year’s event will occur at a new location.

    • A viewer sent CTV News Northern Ontario a security camera photo of what appears to be a cougar crossing behind his camp.

    • A 22-year-old from Elliot Lake has been charged after Ontario Provincial Police stopped a vehicle that didn’t have headlights turned on.

    • For the last several years Manitoulin Transport has been delivering food, medical supplies and cleaning materials to Ontario Wildlife Rescue centres across the province at no charge.

    N.L.

    Shopping Trends

    The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.

    Stay Connected
    Follow CTV News