National Business

WASHINGTON (AP) — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth.

More than 800 airline food service staff at Toronto's Pearson airport went on strike Tuesday, leaving thousands of passengers without meals.

OTTAWA — Higher gasoline prices helped the annual inflation rate tick higher in March, but core inflation continued to cool for the month, raising the chances of an interest rate cut by the Bank of Canada in June.

TORONTO — Weakness in several sectors including financials led Canada's main stock index lower in late-morning trading,while U.S. stock markets were mixed. The S&P/TSX composite index was down 130.16 points at 21,610.04.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February.

NEW YORK (AP) — The NHL and NHL Players' Association on Tuesday announced a multiyear agreement with Bodyarmor to be the league’s official sports drink. Bodyarmor replaces BioSteel in that department after BioSteel filed for bankruptcy last year.

Lower income doesn’t mean lower priority when it comes to filing a tax return.

OTTAWA — Canada's annual inflation rate was 2.9 per cent in March, Statistics Canada says.

OTTAWA — Canada's annual inflation rate was 2.9 per cent in March, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 3.1 per cent (2.0) — Prince Edward Island: 2.6 per cent (1.

MONTREAL — Flight simulator maker CAE Inc. says it has signed an agreement with Nav Canada to help train flight service specialists and air traffic controllers beginning this fall.