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Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

Citing trade wars, the World Bank sharply downgrades forecast for global economic growth to 2.3%

WASHINGTON (AP) — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.
Average asking rents fall annually for eighth straight month to $2,129: report

Average asking rents fall annually for eighth straight month to $2,129: report

TORONTO — The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases. The monthly report from Rentals.
Elbows-up tourism surge could see sector ‘eke out’ a gain even as Americans stay away

Elbows-up tourism surge could see sector ‘eke out’ a gain even as Americans stay away

From the front desk of Hotel Bedford in Goderich, Ont., Lynda Cross welcomes guests from regions ranging from southern Ontario to the South Pacific.
Southern Saskatchewan powers up energy, agriculture prospects

Southern Saskatchewan powers up energy, agriculture prospects

Job opportunities growing but new arrivals lag demand
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Global Energy Show The Global Energy Show kicks off on Tuesday in Calgary with people from 100 countries expected to attend the conference that will include a keyno
Many Canadians losing confidence in future of trade relationship with U.S.: Poll

Many Canadians losing confidence in future of trade relationship with U.S.: Poll

OTTAWA — Almost two in five Canadians say recent court rulings in the U.S., and the ongoing legal battle over President Donald Trump’s tariffs, have made them feel less confident in the future of trade relations, a new poll suggests.
Ottawa silent on tariff retaliation as Carney takes part in talks with Trump

Ottawa silent on tariff retaliation as Carney takes part in talks with Trump

Prime Minister Mark Carney is said to be engaging in behind-the-scenes trade discussions with U.S. President Donald Trump.
Canada Post union files labour practices complaint

Canada Post union files labour practices complaint

OTTAWA — The Canadian Union of Postal Workers has filed an unfair labour practice complaint against Canada Post over ongoing contract negotiations, as the union scrambles to overcome bargaining pushback from both management and its membership.
Many homeowners plan to rein in spending as mortgage payments rise upon renewal: TD

Many homeowners plan to rein in spending as mortgage payments rise upon renewal: TD

TORONTO — Nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up — with many anticipating having to adjust their budget to keep up with the higher cost, a survey published on Thursday shows.
Inflation volatility, tariff uncertainty keep Bank of Canada sidelined

Inflation volatility, tariff uncertainty keep Bank of Canada sidelined

OTTAWA — The unpredictability of the United States' trade war and signs of creeping inflation kept the Bank of Canada's interest rate on hold for a second consecutive decision on Wednesday — even as the central bank braces for an economic hit.