July 7, 2023

GOOD MORNING

CTVNews.ca crunches the numbers to calculate how much the search for the Titan submersible cost Canadian taxpayers, there could be another interest rate high next week, and the Earth's average temperature set a new unofficial record high -- the third such milestone in a week.

Here's what you need to know to start your day.

Titan sub cost

It cost at least $2.4 million to deploy a single Canadian aircraft to search for the Titanic submersible that went missing on June 18, CTVNews.ca has learned.

More rate hikes?

Economists are predicting Canadians might see another interest rate hike next week and say homeowners who are already financially vulnerable will have a tougher time making mortgage payments.

Heat record

Earth's average temperature set a new unofficial record high yesterday, the third such milestone in a week that already rated as the hottest on record.

Twitter threat

Twitter has threatened legal action against Meta over its new text-based app called Threads, which has drawn tens of millions of users since launching this week as a rival to Elon Musk's social media platform.

Montreal outage

A widespread power outage affected large swaths of the western side of Montreal on Thursday. Around 350 customers were still affected Friday morning.

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Tom Cruise has a question: 'What's up with the traffic in Toronto?'

ONE MORE THING

Here’s what the Centre Block renovations on Parliament Hill look like.

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