New Zealand hails ‘breakthrough’ in trade talks with India, but no timeline for deal

NEW DELHI (AP) — New Zealand’s deputy prime minister said on Friday that talks over a free trade agreement between his country and India were ongoing, but he didn't provide a timeline for when the two nations could eventually sign a deal.

Winston Peters, who is on a two-day visit to India, said that the negotiations were “going with real meaning now," calling them “a breakthrough in our economic relationship.”

India and New Zealand began negotiations in March for a trade pact, and had aimed to sign a deal in 60 days. The deal will significantly bolster economic ties between the two countries, but it has faced delays because of differences over tariffs on dairy products.

Bilateral trade between India and New Zealand stood at $1.7 billion in the 2023-24 financial year.

Rent-free months and gift cards: How Toronto-area landlords are vying for tenants

TORONTO - Toronto landlords are trying to lure in tenants with rent-free months, complimentary Wi-Fi and $500 gift cards amid an unprecedented supply of condos and lower rents.

Real-estate market experts say the fierce competition – which extends beyond the Greater Toronto Area – is giving renters more negotiating power, echoing trends last seen during the COVID-19 pandemic.

Two months of free rent, free parking and gift cards for food delivery or public transit are among thousands of dollars' worth of perks and discounts advertised on Toronto rental listing websites and apps.

While such incentives are ubiquitous in Toronto, landlords in other GTA cities and the Greater Hamilton Area are also locked in a tight contest that benefits renters.

Bank of Canada expected to hold key rate after surprise Q1 GDP jump

OTTAWA - The Canadian economy got a boost to start the year as businesses rushed to get ahead of tariffs, and some economists believe that lift will be enough to keep the Bank of Canada on the sidelines at its interest rate decision next week.

Real gross domestic product rose 2.2 per cent annualized in the first quarter of 2025, Statistics Canada reported Friday, up a tick from 2.1 per cent in the fourth quarter.

The first quarter figures topped StatCan’s flash estimate for annualized growth of 1.5 per cent and beat calls for 1.7 per cent from a Reuters poll of economists.

"We did get a better number, overall," said CIBC chief economist Avery Shenfeld.

Judge wrestles with far-reaching remedy proposals in US antitrust case against Google

WASHINGTON (AP) — The fate and fortunes of one of the world’s most powerful tech companies now sit in the hands of a U.S. judge wrestling with whether to impose far-reaching changes upon Google in the wake of its dominant search engine being declared an illegal monopoly.

U.S. District Judge Amit Mehta heard closing arguments Friday from Justice Department lawyers who argued that a radical shake-up is needed to promote a free and fair market. Their proposed remedies include a ban on Google paying to lock its search engine in as the default on smart devices and an order requiring the company to sell its Chrome browser.

Google’s legal team argued that only minor concessions are needed and urged Mehta not to unduly punish the company with a harsh ruling that could squelch future innovations. Google also argued that upheaval triggered by advances in artificial intelligence already is reshaping the search landscape, as conversational search options are rolling out from AI startups that are hoping to use the Department of Justice’s four-and-half-year-old case to gain the upper hand in the next technological frontier.

It was an argument that Mehta appeared to give serious consideration as he marveled at the speed at which the AI industry was growing. He also indicated he was still undecided on how much AI’s potential to shake up the search market should be incorporated in his forthcoming ruling. “This is what I’ve been struggling with,” Mehta said.

Trump says US Steel will keep HQ in Pittsburgh in a sign he’ll approve bid by Japan-based Nippon

WASHINGTON (AP) — President Donald Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” that seemed to signal that he’ll approve a bid by Japan-based Nippon Steel to make a big investment in the iconic American steelmaker, if not buy it outright.

Still, Trump's statement left it vague as to whether he is approving Nippon Steel's bid after he vowed repeatedly to block the deal to prevent U.S. Steel from being foreign-owned.

More recently, Trump suggested that Nippon Steel would invest in U.S. Steel, not buy it, and one union official suggested Friday that the federal government will have a role in the company's management going forward. But investors seemed to take Trump's statement as a sign that he's approving some sort of merger, sharply pushing up U.S. Steel's shares, and the companies issued approving statements.

Nippon Steel said the partnership is a “game changer — for U.S. Steel and all of its stakeholders, including the American steel industry, and the broader American manufacturing base.” U.S. Steel said it “will remain American, and we will grow bigger and stronger through a partnership with Nippon Steel that brings massive investment, new technologies and thousands of jobs over the next four years."

See a penny, pick it up? In the future, probably not as often – and, some say, that matters

NEW YORK (AP) — Ask someone for their thoughts: Could it now cost you a nickel? If you want to call somebody stingy, would you say they're a quarter-pincher? And if they spend money unwisely, are they now dime-wise but pound-foolish?

OK, maybe those are some minor, small-stakes, dare we say penny-ante concerns in the wake of the U.S. Treasury confirming Thursday that it will stop making shiny new penny coins after the current production run is complete.

But it is the end of an era in the United States. While there will still be over a billion already existing pennies in circulation, rattling around in jars, gathering dust under the sofa cushions and waiting to be picked up from sidewalks, no new cents will be joining their ranks for the first time in more than two centuries.

Answering advocates' demands to abandon the coin

The penny costs nearly 4 cents to make. Here’s how much the US spends on minting its other coins

NEW YORK (AP) — The impending “death” of the U.S. penny has spotlighted the coin's own price tag — nearly 4 cents to make and distribute each, or quadruple its value.

Months after President Donald Trump called on his administration to cease penny production, the U.S. Mint announced this week that it had made its final order of penny blanks — and plans to stop making new 1 cent coins after those run out.

Coin production costs vary thanks to different raw metals used, complexity of their designs, labor needed and more. Many of those expenses have been on the rise — and the penny isn't the only coin entering our wallets today that costs more to make than it's worth (enter the nickel debate).

Here's a rundown of U.S. Mint production costs from the government's latest fiscal year.

‘Soup Nazi’ actor dips ladle for victims of Vancouver festival attack

VANCOUVER - "Soup Nazi" actor Larry Thomas, best known for his guest role as a strict soup seller on the sitcom "Seinfeld," will be picking up his ladle again to raise money for victims of last month's attack on Vancouver's Lapu Lapu Day festival.

The Los Angeles-based actor said he will be serving at the Greens And Beans Deli in New Westminster, B.C., on Sunday as part of the restaurant's fundraising efforts.

Thomas said the April 26 attack that killed 11 people was a "terrible thing," prompting him to reprise his fundraising relationship with the deli that stretches back 20 years.

Leona Green, owner of the deli, first reached out to Thomas to ask him to serve soup at a fundraiser for the 2004 Indian Ocean Tsunami.

The road back to respectability proving to be a long one for Toronto FC

TORONTO - A record 6-1 win at rival CF Montreal last time out and the possible return of captain Jonathan Osorio from injury for Saturday's visit by Nashville SC offer hope for beleaguered Toronto FC fans.

But the road back to respectability is proving to be a long one for Toronto (3-7-4).

Saturday's game is the 600th regular-season outing for the franchise, which has compiled a 180-264-155 record since entering Major League Soccer in 2007. Eighty-five of those wins came between 2015 and 2020, when Toronto made the playoffs five out of the six seasons — its only post-season appearances to date.

Toronto reached the MLS Cup final in 2016, '17 and '19, hoisting the trophy in 2017 when it also won the Canadian Championship and Supporters' Shield (for the best regular-season record).

Inquiry must be called to get answers on sand mine scandal

It’s pretty clear by now that an inquiry should be called into the Sio Silica scandal.

Ethics Commissioner Jeffrey Schnoor released his long-awaited report into the matter this week. He found that former premier Heather Stefanson, then deputy premier Cliff Cullen and then economic development minister Jeff Wharton, violated the province’s Conflict of Interest Act by attempting to approve a licence for a controversial silica sand mining project after their government was defeated in the Oct. 3, 2023 provincial election.

All three ministers pushed to have a Class 2 licence under the Environment Act approved for Sio Silica, days before the new NDP government was sworn into office.

They did so even though they knew, or ought to have known, that it violated the “caretaker convention,” a longstanding constitutional principle in Canada that prohibits governments from making major policy decisions once a general election is called (unless it’s related to an urgent matter of public importance).

Lawyer challenging Trump’s trade war says tariffs are ‘illegal and abusive’

WASHINGTON - U.S. President Donald Trump's global trade war is an "illegal and abusive" use of power, said a lawyer representing small businesses who are challenging the tariffs.

George Mason University law professor Ilya Somin, along with the Liberty Justice Center, represents five American small businesses who had a hearing before the U.S. Court of International Trade last week in an effort to block Trump's sweeping "reciprocal" tariff agenda.

"He's sort of breaking various precedents and doing things which are highly illegal and obviously our contention is that this is highly illegal," Somin said in an interview Thursday.

The president is facing at least seven lawsuits that argue Trump has acted beyond his powers by wielding tariffs through the International Economic Emergency Powers Act of 1977.

Strike threat could push more customers away from struggling Canada Post

MONTREAL - Canada Post customers may face delays as tens of thousands of workers swear off overtime shifts, though a much bigger disruption was averted after the union backed down from a strike threat.

Nonetheless, the possibility of escalating job action could continue to scare off customers who pulled their shipments over the past couple of weeks, draining more business from the cash-strapped organization.

“I’m scared for the future,” said Edmonton mail carrier Dustin Ellis, who recently went on leave to study for a new career in social work.

He said the union should show more flexibility on key sticking points such as part-time weekend work and "dynamic routing" — where the path carriers take can vary day to day.

What issues to watch as ‘big, beautiful bill’ moves to the Senate

WASHINGTON (AP) — House Republicans were jubilant after muscling through President Donald Trump’s “big, beautiful” tax and immigration package by a single vote. But across the Capitol, senators were more cautious.

Senate Majority Leader John Thune can afford to lose three Republican senators and still pass the bill, and there are more than that, right now, who have problems with it. Like the House, he will have to balance the concerns from moderate and conservative members of his conference.

Republicans’ aspirational deadline is July 4, ahead of a potential debt default. Thune said groups of senators had already been meeting to discuss the legislation and that they would want to take some time to review it. “And then we’ll put our stamp on it,” he said.

“We’ll see how it goes,” Thune said. “What does it take to get to 51?”

Getting river rehab rolling: Other cities' success in stemming effluent offer splashes of hope for Winnipeg's waterways

From giant cisterns to rain gardens, storage tunnels and parks, cities across Canada — and the rest of the world — have shown there are plenty of options to stop the overflow of sewage into freshwater.

Trump threatens 50% tariffs on EU and 25% penalties on smart phones as his trade war intensifies

WASHINGTON (AP) — President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on smartphones unless those products are made in America.

The threats, delivered over social media, reflect Trump's ability to disrupt the global economy with a burst of typing, as well as the reality that his tariffs have yet to produce the trade deals he is seeking or the return of domestic manufacturing he has promised voters.

The Republican president said he wants to charge higher import taxes on goods from the EU, a longstanding US ally, than from China, a geopolitical rival that had its tariffs cut to 30% this month so Washington and Beijing could hold negotiations. Trump was upset by the lack of progress in trade talks with the EU, which has proposed mutually cutting tariffs to zero even as the president has publicly insisted on preserving a baseline 10% tax on most imports.

“Our discussions with them are going nowhere!” Trump posted on Truth Social. “Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States.”

Homeowners spend on renovations and repairs despite the uncertain economy and higher prices

LOS ANGELES (AP) — U.S. homeowners are spending more on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy.

Sales at building materials and garden supply retailers rose 0.8% last month from March, the biggest gain since 2022, and were up 3.2% from April last year. At the same time, U.S. retail sales overall rose 0.1%, a sharp slowdown from March.

The trend comes even as prices for home improvement products have been rising.

The cost of home repairs and remodeling climbed by nearly 4% in the first quarter from a year earlier, according to Verisk’s Remodel Index. The strategic data analytics firm tracks costs for more than 10,000 home repair items, from appliances to windows.

Demonstrators demand overpass at dangerous Carberry intersection

CARBERRY — More than 150 people stood near the Trans-Canada Highway and Highway 5 to denounce the preferred option for a redesign of the intersection in response to a collision two years ago that killed 17 people.

They carried signs that read “safety not shortcuts,” and “how many more accidents before they listen.” The group opposes a U-turn option, which is called an RCUT.

Jordan Dickson, 31, one of the organizers, said the RCUT model isn’t safe for the farmers and truckers who live in the area.

“There’s hundreds, if not thousands of trucks … plus all the other everyday passenger traffic coming through here,” she said.

More than half of Canadians say they understand Alberta separatism: poll

OTTAWA - A new poll suggests more than half of Canadians say they understand why Alberta might want to split from Canada — even if almost two-thirds say they don't want that to happen.

The Leger survey, which polled 1,537 Canadians between May 16 and 18, suggests that 55 per cent of Canadians understand Albertans' desire for independence.

Because the poll was conducted online, it can't be assigned a margin of error.

Seventy per cent of Albertans said they understand why their province might want to become an independent country.

College Football Playoff shifts to straight seeding model, no automatic byes for top league champs

The College Football Playoff will go to a more straightforward way of filling the bracket next season, announcing Thursday that it will place teams strictly on where they are ranked instead of moving pieces around to reward conference champions.

Ten conference commissioners and Notre Dame’s athletic director came to the unanimous agreement they needed to shift the model that drew complaints last season.

The new format will no longer guarantee an opening bye week for the four highest-ranked league champions, reserving that benefit for the four top-ranked teams in general. The change was widely expected after last season’s jumbled bracket gave byes to Big 12 champion Arizona State and Mountain West champion Boise State, even though they were ranked 12th and ninth, respectively, by the playoff selection committee.

That system made the rankings and the seedings in the tournament two different things and resulted in some matchups — for instance, the quarterfinal between top-ranked Oregon and eventual national champion Ohio State — that came earlier than they otherwise might have.

Kashmir tourism bears the brunt after tourist massacre and India-Pakistan military strikes

SRINAGAR, India (AP) — There are hardly any tourists in the scenic Himalayan region of Kashmir. Most of the hotels and ornate pinewood houseboats are empty. Resorts in the snowclad mountains have fallen silent. Hundreds of cabs are parked and idle.

It’s the fallout of last month’s gun massacre that left 26 people, mostly Hindu tourists, dead in Indian-controlled Kashmir followed by tit-for-tat military strikes by India and Pakistan, bringing the nuclear-armed rivals to the brink of their third war over the region.

“There might be some tourist arrivals, but it counts almost negligible. It is almost a zero footfall right now,” said Yaseen Tuman, who operates multiple houseboats in the region’s main city of Srinagar. “There is a haunting silence now.”

Tens of thousands of panicked tourists left Kashmir within days after the rare killings of tourists on April 22 at a picture-perfect meadow in southern resort town of Pahalgam. Following the attack, authorities temporarily closed dozens of tourist resorts in the region, adding to fear and causing occupancy rates to plummet.

Trump hosts top crypto investors as some industry leaders fear he’s putting personal profits first

WASHINGTON (AP) — President Donald Trump rewarded top investors in one of his cryptocurrency projects with a swanky dinner on Thursday night, an event that showed the ascendance of an emerging financial industry — and also the president's willingness to mix public office with personal profit.

Some 220 of the biggest investors in the $TRUMP meme coin were invited to Trump's luxury golf club in Northern Virginia, where they dined on filet mignon and halibut. According to participants' posts on social media, Trump spoke for about half an hour before dancing to the song “YMCA.”

Despite the White House insisting that Trump would be attending the event “in his personal time,” he stood behind a lectern with the presidential seal as he touted an industry that's generating profits for his family business.

After feeling unfairly targeted under President Joe Biden, the crypto industry has quickly become a powerful political force, donating huge sums to help Trump and friendly lawmakers. The U.S. Senate is advancing key pro-crypto legislation while bitcoin prices soar.

Kenyans worry a US duty-free trade deal might end and expose them to Trump’s tariffs

NAIROBI, Kenya (AP) — It's crunch time for the maker of Levi's and Wrangler jeans in Kenya’s capital, Nairobi. Hundreds of sewing machines whir in a crowded, air-conditioned factory. On another floor, workers pack clothes destined for the U.S. market.

The fate of about 16,000 workers in the factory at the United Aryan export processing zone hangs in the balance. In September, a duty-free trade agreement between Kenya and the United States could expire under the African Growth and Opportunity Act, or AGOA.

The factory's founder, Pankaj Bedi, said manufacturers would be unable to compete well in the U.S. market if the AGOA agreement is not renewed, due to the difficult business environment in sub-Saharan Africa.

Without AGOA — meant to benefit African nations that meet certain U.S. expectations in areas including governance and human rights — many Kenyan goods would no longer have duty-free access to the U.S. market. And they would be exposed to the uncertainty of the Trump administration’s global tariff campaign.

Increase in sextortion cases prompts call for legislation to combat predators

The spike in online sextortion cases in Winnipeg has alarmed police and augmented advocates’ calls for Canada to begin regulating social media platforms to help protect children from predators.