EU nations work on rift over gas price cap as cold sets in


On winter's doorstep, European Union nations again failed to bridge bitter disagreements over a natural gas price cap Thursday as they struggle to effectively shield 450 million citizens from massive increases in their utility bills.

See Full Article


Latest Economic News

  • Layoffs, ultimatums, and an ongoing saga over blue check marks: Elon Musk's first month at Twitter

    Economic CTV News
    Sunday officially marks one month since the world's richest man took the helm at Twitter. In that time, Elon Musk initiated mass layoffs and gave remaining staffers a cryptic ultimatum, reinstated the accounts of controversial figures including former president Donald Trump, and launched -- then punted -- a plan to charge for Twitter's iconic blue checkmarks. Source
  • Banks to give financial update in Q4 results ahead of possible recession next year

    Economic CTV News
    TORONTO - Canadian banks are set to reveal how they're faring in the lead up to a possible recession as they report quarterly earnings this week. As central banks raise interest rates to slow inflation, economic fears have held bank stocks back compared with the overall market, so analysts will be looking to see how well set up the sector is before an expected slowdown next year. Source
  • 'Dirty debt secret' guides couple out of the red, others struggle to stay afloat

    Economic CBC News
    1:53:00FULL EPISODE: What impact is debt having on your life? How did you get out of it? With Christmas around the corner, Matt Walker says he's terrified to once again have a credit card after four years without one. Source
  • Hockey fans can likely bet on seeing more gambling-related advertising — for now

    Economic CBC News
    Talk to a hockey fan and the odds are good they'll have something to say about all the betting-related content appearing in NHL broadcasts lately. "It is forced upon us every few minutes," said Gordon Rendell, writing via email from Happy Valley-Goose Bay, N.L. Source
  • Sober or bright? Europe faces holidays during energy crunch

    Economic CTV News
    VERONA, Italy - Early season merrymakers sipping mulled wine and shopping for holiday decorations packed the Verona Christmas market for its inaugural weekend. But beyond the wooden market stalls, the Italian city still has not decked out its granite-clad pedestrian streets with twinkling holiday lights as officials debate how bright to make the season during an energy crisis. Source
  • Motorcycle helmets bought from online platforms had counterfeit safety certifications, test finds

    Economic CBC News
    Experts are warning consumers to think carefully before purchasing safety equipment online, especially when it comes to protecting their heads. A CBC Marketplace investigation has found that some motorcycle helmets purchased on popular websites would crack and fall apart in a crash — and that the safety certifications on them are counterfeit. Source
  • Black Friday online sales to hit record despite high inflation: Adobe Analytics

    Economic CTV News
    U.S. online spending is expected to set a record for Black Friday, according to Adobe Analytics, as steep discounts lured consumers against the backdrop of high inflation, kicking off the year's biggest shopping event on a strong note. Source
  • Average rent in Canada up 15.4 per cent in 2022: monthly report

    Economic CTV News
    A new report shows that rent for all property types across Canada jumped again, seeing an increase of 15.4 per cent over this time last year. According to a monthly report from, an apartment listings website, the average monthly rent of all property types in Canada was $2,043 per month in September. Source
  • Netflix nights still come wrapped in red-and-white envelopes

    Economic CTV News
    Netflix's trail-blazing DVD-by-mail rental service has been relegated as a relic in the age of video streaming, but there is still a steady – albeit shrinking – audience of diehards like Amanda Konkle who are happily paying to receive those discs in the iconic red-and-white envelopes. Source
  • Alberta's famous 'wage premium' rapidly eroding, experts say

    Economic CTV News
    Worker paycheques in the province that once led the country in wage growth have flatlined, but experts say the double whammy of inflation and labour shortages mean Alberta businesses are poised to face a reckoning on wages soon. Source