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

Citing trade wars, the World Bank sharply downgrades global economic growth forecast 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.
ADF Group reports Q1 profit, revenue falls from year ago amid tariff uncertainty

ADF Group reports Q1 profit, revenue falls from year ago amid tariff uncertainty

TERREBONNE — ADF Group Inc., a maker of steel superstructures, reported a first-quarter profit of $8.7 million as its revenue plunged compared with a year earlier due to the uncertainty related to U.S. tariffs. Revenue for the quarter totalled $55.
Apple underwhelms at WWDC with incremental AI changes, new software name and 'liquid glass' design

Apple underwhelms at WWDC with incremental AI changes, new software name and 'liquid glass' design

CUPERTINO, Calif.
GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

OTTAWA — The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on housing affordability — with a few caveats — a new analysis finds.
Cineplex reports $55.3M May box office revenue up from $33.9M a year ago

Cineplex reports $55.3M May box office revenue up from $33.9M a year ago

TORONTO — Movie theatre company Cineplex Inc. reported its May box office report rose compared with a year ago helped by Final Destination: Bloodlines, Lilo & Stitch, and Mission: Impossible – the Final Reckoning.
China tariffs bite into B.C. spot prawn season, but foodies queue for kiss of the sea

China tariffs bite into B.C. spot prawn season, but foodies queue for kiss of the sea

VANCOUVER — Toronto resident Krista Jang showed off her "haul" on the False Creek Fishermen's Wharf in Vancouver — a bag of sweet and meaty spot prawns, live and kicking and fresh off the boat.
Competition Bureau sues DoorDash, accuses firm of misleading customers with fees

Competition Bureau sues DoorDash, accuses firm of misleading customers with fees

TORONTO — Canada's competition watchdog is suing DoorDash Inc. and its Canadian subsidiary, accusing them of marketing their online delivery services at a lower price than what consumers actually wind up paying.
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.
Telecom sector ramping up investments in tech as traditional growth areas slow

Telecom sector ramping up investments in tech as traditional growth areas slow

TORONTO — When it comes to competition between Canada's telecommunications giants, there are certain spaces where carriers have traditionally jostled with one another to emerge as the top dog.
Warner Bros. Discovery to split into two companies, dividing cable and streaming services

Warner Bros. Discovery to split into two companies, dividing cable and streaming services

NEW YORK (AP) — Warner Bros. Discovery will split into two public companies by next year, calving off its cable operations from its streaming service. Warner Bros. Discovery said Monday that Streaming & Studios will include Warner Bros.
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