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NEW THIS MORNING | Ottawa prepares for Canada Day celebrations

The city of Ottawa and Ottawa police will provide an update on preparations for Canada Day at 9:30 a.m. CTVNewsOttawa.ca will broadcast the media conference live.

Wellington Street in front of Parliament Hill remains closed to vehicle traffic one month after the Freedom Convoy demonstration was removed from downtown Ottawa. (Natalie Van Rooy/CTV News Ottawa)

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G7 leaders confer with Zelenskyy, prep new aid for Ukraine

Leading economic powers conferred by video link with Ukrainian President Volodymyr Zelenskyy on Monday as they underscored their commitment to Ukraine for the long haul with plans to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions.

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Russia is poised to default on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.

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