Canada must boost productivity and housing affordability, OECD report says
May 26, 2025
A new report by the Organization for Economic Co-operation and Development says Canada needs to boost productivity and housing affordability to strengthen growth as it faces trade uncertainty and U.S. tariffs that are taking a bite out of the economic outlook.The latest OECD Economic Survey of Canada says government spending and interest-rate cuts may be required if the economy deteriorates significantly, provided tariff-related inflationary pressures remain under control.
Unpublished Newswire
Trapped by a raging wildfire rapidly encircling his construction site in Northwestern Ontario, Neal Gillespie and 18 members of his crew were forced to huddle inside shipping containers to save their lives. For hours, while the sky around them turned fluorescent orange and the air filled with thick fumes, the construction workers near Sandy Lake First Nation stayed stuck in the cramped space. Helicopters made several rescue attempts, though the smoke prevented any landings. Eventually, the group had no choice but to flee.
June 8, 2025 - 22:10 | Temur Durrani, Kristy Kirkup | The Globe and Mail
For those who live in the Northern Hemisphere, June 21 marks the day when summer is officially underway. Yet a new study suggests that the annual summer solstice may be the moment when plants are making a subtle calculation based on temperature to determine that it’s time to start closing up shop for the year.
June 8, 2025 - 20:01 | Ivan Semeniuk | The Globe and Mail
Police in North Vancouver say an 11-year-old child is dead and another is in hospital after a speed boat hit them while they were being towed on an inner tube on Saturday.North Vancouver RCMP shared details of the collision at a news conference on Sunday afternoon.They say the driver of the speed boat is in custody but has yet to be charged.
June 8, 2025 - 18:21 | Darryl Greer | The Globe and Mail
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