AFP

Canada central bank holds rate steady citing US tariff ‘threats’

Canada’s central bank held its key lending rate at 2.75 percent on Wednesday, as the major US trading partner confronts economic uncertainty two days before President Donald Trump’s latest tariff deadline.Canada remains uniquely vulnerable to Trump’s trade war given the deep, broad ties between the neighboring economies. Trump’s threat to hike tariffs to 35 percent on …

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Canada project reclaims ‘foul’ industrial area to contain floods

The spur to build Toronto’s billion-dollar-plus flood prevention project dates back to a devastating hurricane in 1954, but planners say its urgency was reinforced by the recent tragic flooding in Texas.The Port Lands project has, in part, reversed a consequence of industrialization by reconnecting Lake Ontario with the Don River, more than a century after …

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IMF lifts 2025 growth forecast on ‘fragile’ easing in trade tensions

The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump’s sweeping tariffs sparked a bigger-than-expected surge in trade, while the US president stepped back from some of his harshest threats.The International Monetary Fund still sees growth slowing this year, however, even as it lifted its 2025 projection to 3.0 percent — …

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Aussie qualifier schools young gun Fonseca in Toronto

Australian qualifier Tristan Schoolkate dispatched rising Brazilian talent Joao Fonseca 7-6 (7/5), 6-4 on Monday in the ATP Toronto Masters, ensuring a breakthrough into the world ranking top 100.The 24-year-old from Perth moved to 98th in the ongoing live rankings as he claimed his biggest career victory by knocking out the ATP NextGen champion from …

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Toronto top seed Zverev got expert insight from retired rival Rafa

Alexander Zverev returns to tennis with his confidence under repair after losing in the Wimbledon first round a month ago.And the world number three, playing as top seed at the ATP Toronto Masters, is bolstered by the unique insight from one-time rival Rafael Nadal.Zverev confirmed on Sunday in Toronto that he had sought advice — …

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Monfils upset in Toronto Masters

Gael Monfils missed squandered four match points in blistering heat before exiting in the first round of the ATP Toronto Masters on Sunday, losing 6-4, 4-6, 7-6 (7/3)to qualifier Tomas Barrios Vera.French showman Monfils had his four winning chances in a pair of third-set service games against the Chilean who won his first match at …

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