Browsing: Business

OECD lifts 2025 global growth forecast to 3.2 percent but warns U.S. tariffs, slowing demand and trade tensions could weigh on economies in 2026.

Pfizer will acquire biotech Metsera for $4.9B in cash, expanding its obesity treatment portfolio with milestone payments possibly raising the deal to $7.3B.

India and Canada resume talks on trade, defense, critical minerals and more as diplomatic ties are restored through foreign office consultations.

WTO says AI could boost global trade by nearly 40% and GDP by 13% by 2040 if digital infrastructure and trade policies are adapted worldwide.

CMHC reports Toronto housing starts have hit a 30-year low in 2025, driven by a sharp decline in condo construction and stalled project launches.

Ontario will raise its minimum wage to $17.60 per hour starting October 1, 2025, affecting over 900000 workers and tying the increase to inflation.

Canada launches $80M relief for Atlantic businesses as Carney pivots to national resilience amid rising global tariffs and failed U.S. trade talks.

Canada’s trade deficit narrowed to CAD 4.94B in July as exports to the US rose and imports declined, according to new data from Statistics Canada.

India, Russia, China and others forge stronger partnerships after Trump’s tariff moves, accelerating a realignment in global trade leadership.

Alibaba shares surged 19% after cloud unit revenue jumped 26% and reports confirmed its push to develop a domestic AI chip amid U.S. tech restrictions.