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.

Residents, advocates say trust issues, strict rules, red tape keep encampments up

Tents, tarps, and makeshift shelters line the beaten path along the Assiniboine River near Balmoral Street in West Broadway — a community hidden in plain sight.

Generating goodwill at the parking meter

Recent reports from the City of Winnipeg about plans to remove all the downtown parking meters left our household upset.

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.

Trump signs executive orders to boost nuclear power, speed up approvals

WASHINGTON (AP) — President Donald Trump signed executive orders Friday intended to quadruple domestic production of nuclear power within the next 25 years, a goal experts say the United States is highly unlikely to reach.

To speed up the development of nuclear power, the orders grant the U.S. energy secretary authority to approve some advanced reactor designs and projects, taking authority away from the independent safety agency that has regulated the U.S. nuclear industry for five decades.

The order comes as demand for electricity surges amid a boom in energy-hungry data centers and artificial intelligence. Tech companies, venture capitalists, states and others are competing for electricity and straining the nation's electric grid.

“We’ve got enough electricity to win the AI arms race with China,” Interior Secretary Doug Burgum said. “What we do in the next five years related to electricity is going to determine the next 50" years in the industry.

Toronto Zoo warns of extinctions if Ontario mining bill becomes law

TORONTO - Species could go extinct if Ontario passes a controversial mining bill that is set to transform its approach to endangered species and the environment, the Toronto Zoo warned the province.

Bill 5, the Protect Ontario by Unleashing our Economy Act, would strike a blow to the recovery of several species the institution has been trying to save, said Dolf DeJong, the zoo's CEO, at a committee hearing at Queen's Park on Thursday.

If and when the bill becomes law, DeJong wants the province to step up with funding so it can dramatically increase its biobank with Ontario species that could die off as a result of the legislation.

"We're concerned this act will result in the erosion of biodiversity and the loss of species at risk," DeJong said.

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).

Cohere asks U.S. court to toss complaint from media alleging copyright infringement

TORONTO - Cohere is asking a U.S. court to throw out complaints from media outlets that have accused the artificial intelligence company of infringing on their copyright.

In a dismissal motion filed in a New York court on Thursday, Cohere accused publishers including the Toronto Star, Condé Nast, McClatchy, Forbes Media and Guardian News of deliberately using its software to "manufacture a case."

The Toronto-based company said the outlets must have "stylized" prompts they entered into Cohere's software to elicit portions of their own work, which sometimes included inaccuracies.

It argued nothing in the complaint filed by the outlets suggests that any real customer has ever used the company's software to infringe on the publisher's copyright.

Harvard has long been the world’s top college. Trump’s sanction puts its allure at risk

CAMBRIDGE, Mass. (AP) — For students around the world, an acceptance letter to Harvard University has represented the pinnacle of achievement, offering a spot among the elite at a campus that produces Nobel Prize winners, captains of industry and global leaders.

That allure is now in jeopardy. In its intensifying fight with the White House, Harvard was dealt its heaviest blow yet on Thursday, when the government blocked the Ivy League school from enrolling foreign students. The move threatens to undermine Harvard’s stature, revenue and appeal among top scholars globally.

Even more than the government’s $2.6 billion in research cuts, the administration's action represents an existential threat for Harvard. The school summed it up in a lawsuit seeking to block the action: “Without its international students, Harvard is not Harvard.”

Within hours of the decision, the consequences started becoming clear. Belgium’s Princess Elisabeth, who just finished her first year in a Harvard graduate program, is waiting to find out if she can return next year, the palace said. The Chinese government publicly questioned whether Harvard’s international standing will endure.

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.

Venezuelan workers at Disney put on leave from jobs after losing protective status

ORLANDO, Fla. (AP) — Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.

The move was made to make sure that the employees were not in violation of the law, Disney said in a statement Friday.

The 45 workers across the company who were put on leave will continue to get benefits.

“We are committed to protecting the health, safety, and well-being of all our employees who may be navigating changing immigration policies and how they could impact them or their families,” the statement said.

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.

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.

Increasingly sophisticated deepfake AI-generated political ads threaten to unravel Canada’s social order

Increasingly sophisticated deepfake AI-generated internet political ads threaten to unravel Canada’s social order, experts warn, pointing to the successful war on truth U.S. President Donald Trump is waging south of the border.

Locally produced renewable energy is the right call

At the start of Premier Wab Kinew’s government’s mandate, it signalled it would work to get Manitoba to a net-zero electricity grid by 2035. With 99 per cent of the province’s electricity already emissions-free, it is a small, but important gap to bridge.

Une technologie de pointe au Manitoba

À Saint-Eustache, la compagnie Tritec Concrete se lance dans la commercialisation d’une technologie d’élimination des déchets organiques aux nombreux avantages.

Sur le terrain de la compagnie Tritec Concrete, aux abords de Saint-Eustache à l’ouest de Winnipeg, une machine d’une dizaine de mètres de haut se dresse à l’extérieur, derrière les hangars.

Il s’agit d’un prototype de Rapid Organic Converter (ROC). Celui-ci fonctionne en continu depuis 2016 et a vu le jour sous l’impulsion de Jamie Dufresne, propriétaire de Tritec Concrete, qui a travaillé pendant une bonne partie de sa carrière dans la recherche et le développement.

“Je cherchais un moyen de récupérer les déchets agricoles, que nous brûlions à l’époque, et de trouver un moyen de le granuler ou l’ensacher. Le système actuel consomme tout ce qui est organique.”

Employees aim for the stars at Magellan Aerospace

When making a major career course correction, Julie Robichaud did the math. She calculated that a job at Magellan Aerospace, Winnipeg would give her wings to soar to new and higher professional goals.

“I had just come out of 10 years in hospitality and decided to switch gears, so I started at Magellan at three days a week and they quickly moved me to five days,” says Robichaud.

“It’s been great. The company is very good about giving me the educational and other supports I need to succeed and to grow.”

Magellan Aerospace is a global company that designs, engineers and manufactures aeroengine and aerostructure components for the aerospace and space markets. Located in Winnipeg, the company’s employees build everything from complex aircraft assemblies to satellite buses.