National Business

CALGARY — There's no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet that need, the secretary-general of the Organization of Petroleum Exporting Countries said Tuesday.

WINNIPEG — The Manitoba government is expected to use more "revenue levers," similar to its recent income and property tax changes, as part of its plan to reduce the deficit, a credit-rating agency report says.

REGINA — Saskatchewan's liquor board says it will start buying and distributing American booze to retailers, months after Premier Scott Moe announced it would stop doing so.

OTTAWA — Canadians continued to avoid making trips to the U.S. in May, according to preliminary data from Statistics Canada. Statistics Canada said Tuesday return trips by Canadian residents by air from the U.S. in May fell 24.

WASHINGTON (AP) — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.

TERREBONNE — ADF Group Inc., a maker of steel superstructures, reported a first-quarter profit of $8.7 million as its revenue plunged compared with a year earlier due to the uncertainty related to U.S. tariffs. Revenue for the quarter totalled $55.

CUPERTINO, Calif.

BRUSSELS (AP) — The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at forcing Moscow to the negotiating table, senior officia

WASHINGTON (AP) — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.

TORONTO — Movie theatre company Cineplex Inc. reported its May box office report rose compared with a year ago helped by Final Destination: Bloodlines, Lilo & Stitch, and Mission: Impossible – the Final Reckoning.