Section of Victoria Street closed to traffic beginning Monday

Victoria Street between Adelaide Street North and Taylor Street in London, Ont. will be closed from August 8 to August 12, 2022 to allow for private utility work in the area. (Source: City of London) Victoria Street between Adelaide Street North and Taylor Street in London, Ont. will be closed from August 8 to August 12, 2022 to allow for private utility work in the area. (Source: City of London)

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Canada headed for 'severe' and 'inevitable' recession in 2023: economist

Canada is headed for a 'severe' and 'almost inevitable' recession in early 2023, according to the head of economics at Macquarie Group, which states Canada will face an approximately three per cent contraction in gross domestic product and a five per cent rise in its unemployment rate during the predicted recession.

WATCH LIVE

WATCH LIVE | Canadians reflect about residential schools on Truth and Reconciliation Day

Ceremonies, marches and other gatherings are taking place across the country Friday as communities mark the National Day of Truth and Reconciliation. The federal statutory holiday was established last year to remember children who died while being forced to attend residential schools, as well as those who survived, and the families and communities still affected by lasting trauma.

ANALYSIS

ANALYSIS | Russia's war in Ukraine reaches a critical moment

As Russia's war in Ukraine enters a flammable, even more dangerous phase, analysis from the Associated Press on CTVNews.ca looks at whether a wider war is looming with devastating results for the world, perhaps not seen since 1939-1945.