CFTO - Thursday, May 23, 2024 - 12:00 p.m. (ET) - Segment #4

includes a number of policy recommendations, among them rent control and increasing social assistance. Building more houses is also needed, something the provinces and the federal government have promised but which will take years. The report also found more young people are turning to food banks. Between february and april of this year, a quarter of those aged 18 to 24 went to a charity because they didn't have enough money to buy food. Heather wright, ctv news, toronto. >> Michelle: still to come on ctv news at noon, td bank is overhauling its anti-money laundering measures and seeing a bounceback in profits in its latest quarter. Details and the rest of your business headlines after this short break. >> Get toronto's top stories, breaking news alerts and watch live. Download the ctv news She'll never bend the knee. The greens are coming for you, Rhaenyra, and for your children. (Dramatic music) Otto: It is your great privilege to witness this, a new day for our realm! (Cheering) (Roar) Rhaenyra: We don't choose our destiny. It chooses us. The next lotto 6/49 Gold Ball jackpot is a massive $54 million! Imagine the possibilities Plus, the Classic $5 million jackpot. Two chances tofind your possible. (Woman) We're putting our footdown to keep our feet up.Like way up with La- (Man) We worked overtime,now it's tv time. (vo) It's the La-Z-Boy Red Tag Sale! Save up to 25% La-Z-Boy. Long live the lazy. When choosing a location, amenities matter. Like private outdoor space, natural light, and most importantly, temperature control. Come find your Island. Prince Edward Island Getting the right new windowswith Pella was simple.Yeah, when renovating adr it can be hard tofind great people. Our dedicated Pellaadvisor was a godsend. We had confidence in Pella. They sold over 5 millionreplacement windows and doors. So, we knew our local teamwould be on top of every detail. And the installation wasdone in just a day. Mom the kitchen sinkis broken again. I wish Pella did plumbing. Hurry, replacement windowsare on sale now. Schedule a free in-homeconsultation for details. When we moved, I went online with Onlia and insured our home right from my phone. [child] Heads up! Oh no. [glass shatters] I went online with Onlia and submitted a home insurance claim right from my phone. ( ) This is Brad.Brad neglected to properlymount his brand new tv. And with a dishwasheron the brink... Brad's problems keep mounting. Lucky for Brad there's Jiffy. The app that connects homeownerswith Pros in a Jiffy! Way to go Brad. Download the app or book online. Jiffy. Canada's number onehome maintenance app. Captain, the Cable Emperor has established contact. Put him through. May the lag be with you. Both: May the lag be with you. What's the status? Their ship has escaped, Your Eminence. They're just too fast. I see. Well don't worry, good things come to those who... (Static) Who what? "...who wait," captain. He's frozen again. Of course he is. Classic Cable Empire. ( ) a wolf in the wild... and your dog both share a hunger for meat. That's why blue Wilderness is made with more of the meat your dog loves... Go wild with protein-rich blue Wilderness. The next lotto 6/49 Gold Ball jackpot is a massive $54 million! Imagine the possibilities Plus, the Classic $5 million jackpot. Two chances tofind your possible. 99.9 Virgin Radiowants to help pay your way.Listen to Daryn and Deepa mornings on Virgin Radio foryour chance to win $10,000 every week. Virgin Radio pays your way. >> Michelle: tt bank says it's making progress on fixing its U.S. anti-money laundering program. >> Nathan: andrew bell has the latest in business. >> Andrew: hello there. Here are your business headlines. Profit at td bank beat expectations in the lenders' latest quarter.

and td says that a comprehensive overhaul of its troubled U.S. anti-money laundering operations is "well underway. Earnings per share came in at just over $2 a share. Of the street was looking for profit per share of only about $1.85. >> Shares in Nvidia, the chip maker beloved of artificial intelligence investors jumped about 10% to trade at new highs above $1,000 U.S. the company produced an optimistic sales forecast for its current quarter. That stock has more than doubled this year. And finally, oil traded around $77 U.S. a barrel. That's near the lowest in two months, amid concerns about weakening demands in the market for crude for immediate delivery. Meanwhile the opec plus alliance of producers led by the russians and the saudis are expected to extend their production cuts when they meet june 1st. That's the latest in business. I'm andrew bell of bnn bloomberg. >> Nathan: a new survey looking at summer travel plans finds many people will be vacationing within canada and not venturing too far from home moyer higher prices for food, gas and lodging are making more families consider a road trip rather than an out of country holiday. Ctv's pat foran has more. >> Reporter: in a country with long winters, the summer vacation is a staple for many canadian families. And this year is survey did by did deloitte found that 74% plan to stay in canada close to their home region. 65% are planning a summer road trip. >> Canadians are intending to spend a bit more this year. They're still price sensitive, but they do intend to get out there and spend money. >> Reporter: a familiar theme is the great outdoors, with many hoping to take in nature and local attractions. Canadians will spend just over $2400 but that's just for lodging and transportation. 35% won't be traveling at all because they can't afford it. >> Definitely, there's a percentage of canadians that are not planning on travelling in a major way this year. >> Reporter: another survey by kayak a travel search engine found two of the top domestic destinations this summer will be calgary and edmonton. The website also says for canadians who want to stretch their dollar outside of the country, searches for south and central america have increased by more than 30%. >> In the summer, seeing south and central america travel prices down by 12 and 13% each, so it's definitely a place where you can go to get more value for your dollar. >> Reporter: kayak says while europe is still a favourite for canadians, prices have increased over last year. Some tourists are bypassing the favourite cities of london and paris to visit more affordable destinations. >> Currently we're seeing rome, lisbon and athens as well as amsterdam as top destinations. >> Reporter: according to the website, anyone planning a vacation should lock in their trips soon. Prices are considered low right now but will continue to rise until the end of june. You'll usually pay a premium for trips booked in july and august. Pat foran, ctv news. >> Michelle: canada is notorious for very high priced plane tickets, a lot of geography and a smaller population doesn't help the matter. >> Nathan: but the airlines themselves are often credit sided ascriticized.now westjet is calling on the federal government to reduce the fees. >> Reporter: the high cost of flying in canada isn't sitting well with passengers. >> Insane, it's insane. >> Reporter: west jett is announcing future plans to add more seats in the back of some of its bigger means. >> Wee currently have 174 seats so we'll take this to 180. I actually have the space that you can take a little bit like room away and you know, compensate it with some seats and still add another row. >> I'm a big guy so anything about smaller seats is not very appealing to me. >> For me, like wouldn't be much of a problem. >> Reporter: but westjet claims more seats means cheaper air fare. >> You want a cheaper flight, it comes at a sacrifice of some comfort. >> Reporter: the airline's strategy is just one of the measures to address high airline tickets. The company is also asking the federal government to review the current way airport maintenance and projects are paid for, which is by the passengers through fees which are then tacked onto air fares. Westjet wants a freeze to the fees until the review is complete. >> The fees that are not just paying the infrastructure but they're also funding the federal budget. >> Reporter: while this aviation budget believes the user pay model should be overhauled. >> Somebody's got to pay for the airports. Somebody's got to pay for the runways.

somebody's got to pay for parking lots and expansion of the terminals. Who pays for that? >> Reporter: canadian airport also pay about half a billion dollars in rent to transport canada every year, a bill westjet says should stop and be redirected. >> Get the debt down, under control, the list goes on and on. >> Reporter: as to how to change the user pay model? Westjet says there are many options but doesn't have concrete ideas yet but says it has to work for canadians. Kathy lee, ctv news, calgary. >> Michelle: speaking of westjet, the airline is hinting at plans to offer a new cheaper fare category for flyers willing to travel without a carry-on bag. That's a practice previously limited to so-called ultralow cost carriers like flare airlines. Westjet's ceo told an audience in calgary wednesday the goal will be to appeal to budget-conscious travellers while freeing up limited overhead bin space. >> Nathan: as more companies incorporate artificial intelligence into their products, tiktok is hoping new a-i offerings will attract more advertisers. The social media giant unveiled what it's calling tiktok symphony. It promises to enable marketers to write scripts and produce videos and other materials through the app itself. Tiktok says 61% of users have made a purchase directly on the app or after seeing an ad there. This comes as stakeholders in creative fields raise questions and concerns over the impact a-i will have on their industries. >> Michelle: meanwhile another change is on the way for users of x, formerly twitter. An engineer at the social media site confirmed reports it will soon no longer be possible to see that a specific user liked a specific post. Only the author of the post will get that information while others will just see the total number of likes. The engineer suggested the change was aimed at letting people like posts that might be considered controversial without concern over who might see that they did so. >> The blue jays were looking for a series win this they wrapped up a three-game set with the chicago white sox last night. >> Sends one to deep center. Gone! >> Michelle: bo bichette capped off a 7-run second inning for the jays with a homer. They ended up winning the game 9-2. The team will now hit the road beginning a series with the detroit tigers tonight. >> Nathan: canada's last remaining hope for the stanley cup kicks off round 3 tonight in texas. >> The oilers are headed to dallas! >> Nathan: the oilers advance to the western conference final after defeating vancouver in 7 games. They will be in dallas tonight after the stars beat colorado in 6 games. In the east, florida won 3-0 against the rangers in new york last night to take game 1 of that series. putting quality andpure ingredients first. And we're here for 100 more. It's Leon's Storewide Super Sale! Save up to 50% on furniture. Save up to 50% on mattresses. Plus, get an l2 washer and dryer set for only $998 including a 2 year warranty! On now for a limited time! Captain, the Cable Emperor has established contact. Put him through. May the lag be with you. Both: May the lag be with you. What's the status? Their ship has escaped, Your Eminence. They're just too fast. I see. Well don't worry, good things come to those who... (Static) Who what? "...who wait," captain. He's frozen again. Of course he is. Classic Cable Empire. ( ) ( ) With the $30 Massive Money ticket going big could be a scratch away. We are all connected. Discover Echo from Cirque du Soleil. Now playing under the big top at Toronto Lakeshore Boulevard West. Tickets at Cirquedusoleil.com Echo thanks its presenting partner Sun Life. [shower running] [upbeat music] Not happy with what you‘ve got? Woman: “Honey, what are you doing?” Man: “Sorry, just really enjoying these new floors.” Don‘t imagine it. Upload a photo and visualize it at endoftheroll.com a wolf in the wild... and your dog both share a hunger for meat. That's why blue Wilderness is made with more of the meat your dog loves... Go wild with protein-rich blue Wilderness.

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