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Canada’s economy in for a ‘turbulent’ year, associate finance minister says

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Canada’s economy is facing a “turbulent” year, but the federal government still has some spending room for big priorities including a new health-care deal with the provinces, Associate Finance Minister Randy Boissonnault said Tuesday.

Boissonnault’s remarks came as the federal Liberal cabinet was meeting on the second day of a three-day retreat in Hamilton, Ont., where the economy and the next federal budget were high on the agenda.

Finance Minister Chrystia Freeland delivered an economic update to the cabinet Tuesday, and economists and Canada’s chief statistician also briefed the ministers on the situation facing Canada and the world.

That came the day after a joint report from the Business Council of Canada and Bennett Jones warned that the fiscal forecast laid out in the last federal budget and the fall economic statement was likely too rosy.

The report, written by former Bank of Canada governor David Dodge and former Liberal finance policy adviser Robert Asselin, said the government’s forecast was based on a “plausible but optimistic” set of economic and interest-rate assumptions that are unlikely to come true.

They warn that there is a “high likelihood of a more severe recession” this year, and that the Liberal promises on everything from health-care funding and enhanced national defence spending to infrastructure improvements and climate change are going to cost a lot more than was projected.

Boissonnault said the report is one of many the government will look to as it makes its economic forecast ahead of the next budget. He said he thinks the fiscal reality will fall somewhere between the best- and worst-case scenarios laid out in the fall economic statement.

“There’s lots of uncertainty,” Boissonnault said. “So we’re going to be watching this every step of the way as we get ready for budget (2023). We still have fiscal room to be able to do the things we need to do, but the fiscal room has tightened.”

Freeland said it’s not clear yet how the COVID-19 recession will “finally play out,” and the reopening of China following years of pandemic closures is also a bit of an unknown.

“That means we do need to continue to take a fiscally prudent approach,” she said.

At the same time, Freeland said health care and the green economic transition are “real fiscal pressures” that the government has to address.

She said Canadians are looking to governments to solve health-care woes, and the green transition is something Canada can’t push off, because if it doesn’t move now, it will miss the chance.

Ongoing talks with the provinces for a new health funding deal have made some progress in recent days, though a conclusion to those talks does not appear imminent.

The provinces have asked for billions over the next decade to bring their health systems back from the brink of collapse. Ottawa is insisting on accountability for any new health funding, and Trudeau has not publicly committed to meet the premiers’ demands.

Kevin Milligan, a University of British Columbia economist who was among those asked to brief the cabinet Tuesday, said it is unlikely that any new health deal would include a lot of up-front funding, so it is unlikely to put pressure on the government’s spending immediately.

Both he and Carolyn Wilkins, a former deputy governor at the Bank of Canada and now an economics research scholar at Princeton University, said the government needs to be careful that whatever it does on the fiscal side doesn’t nudge the Bank of Canada to push interest rates up even further.

Canadians are so heavily in debt that every interest rate hike now has a bigger impact on the economy and on individuals than it would have in the past.

“And so it may seem difficult now to go through this period of slower growth (during which) we’re expecting to see higher unemployment,” Wilkins said. “But at the same time, on the other side, we’ll then be in much better shape than if we’re impatient.”

Trudeau started his day Tuesday meeting with Hamilton Mayor Andrea Horwath, the former leader of the Ontario NDP. The two tackled another spending pressure and big concern for Canadians: housing.

Horwath thanked Trudeau for bringing the cabinet meeting to her city, but not everyone in Hamilton was as warmly welcoming.

“Freedom Convoy” demonstrators have made their presence known in small numbers over the first two days. On Monday evening, about three dozen people waved flags, yelled and set off fireworks — including some they appeared to aim at the building where cabinet ministers were meeting.

Most of them disbanded by 11 p.m., but at least one protester spent most of the night honking a vehicle’s horn off and on. It was reminiscent of the noise caused by protesters’ big rig truck horns as demonstrators blocked much of downtown Ottawa almost a year ago.

This coming weekend will mark the one-year anniversary of the convoy’s arrival in the capital. The weeks-long demonstration and accompanying blockades at several border crossings prompted Trudeau to invoke the Emergencies Act for the first time since it replaced the War Measures Act in 1988.

The final report from the public inquiry into that decision is due in February.

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Everything is warmups for the New York Yankees until they get to the World Series

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NEW YORK (AP) — For the New York Yankees, the real opening day is World Series Game 1.

A little bubbly for a playoff berth, the AL East, the Division Series and their 41st pennant were just warmups.

World Series rings are the only numbers that count when you are measured not among the living but against the ghosts: Yogi, Joltin’ Joe, the Iron Horse, the Babe and the Mick.

“That’s why we’re here. That’s why I get up every single day. That’s why I put in the work not only at the field but in the offseason, is to just bring a championship home back to the city and back to this team,” Yankees captain Aaron Judge said when spring training started in February.

“It’s been quite a long time since we’ve got to that finish line,” he added, “but I think a lot of the guys and pieces that we’ve added into this room, especially a couple of changes we made in approaches, guys we brought in, it’s all going to push us towards the right direction, which is ultimately being the last team standing.”

The Yankees are in the World Series for the first time since winning title No. 27 in 2009, starting Friday at the Los Angeles Dodgers or in the Bronx against the New York Mets.

A core in its 30s covets a championship as validation as much as accomplishment. Giancarlo Stanton is in his 15th major league season, Gerrit Cole his 12th and Judge his ninth.

Stanton has been restrained in his assessment.

“As far as I’m concerned, we haven’t done nothing,” he said after Game 4 against the Guardians.

Stanton’s edge was visible during Saturday night’s celebration when Gleyber Torres handed him the AL championship trophy, saying “Take the baby. Take the baby.” Stanton cradled the prize and rocked it back and forth — an apparent reference to Josh Naylor’s home run celebration when he connected against Cole in the 2022 ALDS.

Baseball’s winningest tradition is in the players’ faces from the day they arrive at Yankee Stadium. Oversized photos of pinstriped greats line the tunnel leading to the clubhouse. The walls of the locker room corridor are filled with paintings of recent luminaries.

Players don’t have to be reminded that Yogi Berra won 10 titles, Joe DiMaggio nine, Babe Ruth and Mickey Mantle seven each (though only four of Ruth’s were with the Yankees), and Lou Gehrig six. Hall of Famers Derek Jeter and Mariano Rivera, both five-time champions, mingled with the current players in August when the 2009 champions were honored on Old-Timers’ Day.

“What makes the Yankees the Yankees is winning and winning a World Series” said Anthony Volpe, a 23-year-old shortstop who is in his second big league season.

The Yankees missed the playoffs last year for the first time since 2016, skidding to an 82-80 record and narrowly avoiding their first losing season since 1992.

Expectations soared after they obtained Juan Soto from San Diego in December, and he set an attitude when he arrived at spring training wearing a T-shirt that proclaimed: “The Generational Juan Soto.” The free-agent-to-be turned to the dugout and pounded his chest after the Yankees’ signature shot of the postseason thus far, his 10th-inning, three-run homer that won their 41st pennant.

A 50-22 start raised confidence but a 10-23 slide from mid-June through late July sparked skepticism. The acquisition of Jazz Chisholm Jr. from Miami ahead of the trade deadline injected some energy, and New York finished an AL-best 94-68, clinching a playoff berth in Game No. 152 and the AL East in No. 159.

Stanton (.294, five homers, 11 RBIs in the postseason), Soto (.333, three, eight), Judge (two homers, six RBIs despite a .161 average) have provided key hits and Torres has reached leading off in eight of nine postseason games.

Bullpen contributors include Tim Hill (signed in June after he was released by the woeful Chicago White Sox), Jake Cousins (purchased from the White Sox in late March), Tim Mayza (signed in July after he was released by Toronto) and Mark Leiter Jr. (a trade-deadline arrival added to the active roster Friday after Ian Hamilton got hurt).

Aaron Boone reminded players in February to be ready no matter their depth chart status.

“I talked to those guys first day of camp,” the manager recalled Saturday. ”’You’re sitting in here right now, you think, ah, I probably won’t be with the big club this year or whatever.’ I’m like, ‘You might find yourself in the batter’s box or on the mound in the biggest moment of the year, so try and prepare that.’

“And then there’s always the X factors of the trade deadline that happens, but even the other moves like getting Tim Hill and Jake Cousins that have become really significant parts of our bullpen that were in a way cast-offs from other organizations. So you never know how it’s all going to shape up.”

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Dodgers finish off Mets with 10-5 win in NLCS and advance to face Yankees in World Series

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LOS ANGELES (AP) — Tommy Edman and Will Smith homered to send Shohei Ohtani into the World Series for the first time, and the Los Angeles Dodgers eliminated the New York Mets with a 10-5 victory in Game 6 of the NL Championship Series on Sunday night.

The Dodgers clinched their record 25th NL pennant and first at home since 1988, when they beat the Mets in seven games. They moved on to their 22nd World Series — 13th in Los Angeles — and first since 2020, when they beat Tampa Bay during the pandemic-delayed season.

Next up for Ohtani and Co. is Aaron Judge and the New York Yankees, who are back in the World Series for the 41st time and first in 15 years. Game 1 is Friday at Dodger Stadium, pitting Judge (58) and Ohtani (54) — MLB’s top home-run hitters this season.

“It’s kind of what the people wanted, what we all wanted,” Dodgers star Mookie Betts said. “It’s going to be a battle of two good teams, a lot of long flights across the country.”

It’ll be the 12th time the storied franchises meet in the World Series and the first in 43 years. The Yankees have beaten the Dodgers eight times, while the Dodgers’ three championships against the Bronx Bombers came in 1955, 1963 and 1981.

“It’s the place that I’ve dreamt of playing all my life,” Ohtani said through a translator, “and to be able to finally come to this stage and be able to play and hopefully win it is my next goal.”

Ohtani, playing his first season with the Dodgers after agreeing to a record-breaking contract in free agency, had two hits and scored two runs in Game 6. He hit .364 with two homers and six RBIs in the NLCS.

Not bad for his first postseason after spending six years with the Los Angeles Angels, who never had a winning record or reached the playoffs during his tenure.

Dodgers reliever Blake Treinen struck out Brandon Nimmo, Mark Vientos and Pete Alonso swinging in the eighth in his first two-inning outing since the 2021 NLCS.

The Dodgers briefly trailed 1-0 before cleanup hitter Edman came up big.

He drove in the Dodgers’ first four runs and his 11 RBIs in the NLCS tied a franchise record set by Corey Seager in 2020 against Atlanta. Edman, who the NLCS MVP award, joined the Dodgers at the July trade deadline from St. Louis.

The Dodgers eliminated the Mets on their second try in the series. They outscored New York 40-26 in the six games. None of the games were close, with the Dodgers earning two shutouts.

The Mets came within two wins of reaching the World Series after a 22-33 start.

The Dodgers led 2-1 in the first on Edman’s double into the left-field corner off Sean Manaea that scored Ohtani and Teoscar Hernández, who both singled. Hernández snapped an 0-for-18 skid in the NLCS. Manaea needed 34 pitches to get through the first.

Facing two strikes in the third, Edman sent a 406-foot shot to left-center for a two-run drive. A walk to Max Muncy and two outs later, Smith homered 416 feet to center off Phil Maton, extending the lead to 6-1.

The Mets cut their deficit to 6-3 in the fourth. With two out, Vientos hit a two-run homer — his fifth of the postseason — off Ryan Brasier. Vientos’ first career grand slam highlighted the Mets’ series-tying win in Game 2 at Dodger Stadium.

New York twice failed to cash in with the bases loaded. Trailing 6-3 in the sixth, Jesse Winker flied out against Evan Phillips to end the inning. Down a run in the third, the Mets loaded the bases against Anthony Banda only for Jeff McNeil to strike out swinging.

A clearly amped Michael Kopech opened the bullpen game for the Dodgers for his first career playoff start. He promptly issued a leadoff walk to Francisco Lindor and then threw a wild pitch. With two outs, Alonso had a two-strike flare to second base and Lindor scored on a throwing error by second baseman Chris Taylor for a 1-0 lead.

The Dodgers, whose starting pitching has been decimated by injuries, used seven pitchers in finishing off the Mets, whose $332 million payroll was the biggest in baseball.

Manaea lasted just two innings, giving up five runs and six hits. The left-hander struck out two and walked two. His revamped delivery baffled the Dodgers in Game 2, when Manaea limited them to two earned runs over five innings, but they had no such trouble Sunday.

Alonso had two hits and drove in a run in what could have been his final game for the Mets. The first baseman is eligible for free agency after the World Series.

The Dodgers, who were eliminated in the Division Series the last two years, spent a combined $1 billion last winter to sign Ohtani and pitcher Yoshinobu Yamamoto to lucrative long-term contracts in hopes of winning the franchise’s eighth World Series title.

The sellout crowd of 52,674 included Tom Hanks, John Legend and Chrissy Teigen, Jamie Foxx, Kerry Washington, Magic Johnson, Rob Lowe, Josh Groban, Jenny McCarthy and Vanessa Bryant.

TRAINER’S ROOM

Dodgers: 1B Freddie Freeman sat out for the third time in the postseason because of his sprained right ankle. He also missed Game 4 of the NLCS and Game 4 of the NLDS.

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New York Liberty win first WNBA championship, beating Minnesota 67-62 in OT

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NEW YORK (AP) — As confetti fell and Frank Sinatra’s “New York, New York” blared through the arena, the New York Liberty celebrated the end of a 27-year odyssey.

The team that always fell short, starting from their days in Madison Square Garden, through detours to Radio City Music Hall and Westchester County Center, finally found their way to the top.

Start spreading the news, indeed: There’s finally a pro basketball champion in New York again after a 67-62 overtime win over Minnesota in Game 5 of the WNBA Finals on Sunday night.

“I’ve been manifesting this moment for awhile, There’s no feeling like it,” Breanna Stewart said. “Credit to Minnesota they gave us a tough series. The fans have been amazing everywhere we’ve gone. To bring a championship to New York, first ever in franchise history it’s an incredible feeling. I can’t wait to continue to celebrate with the city. It’s going to be bonkers.”

Jonquel Jones scored 17 points to lead New York, which was one of the original franchises in the league. The Liberty made the WNBA Finals five times before, losing each one, including last season. This time they wouldn’t be denied, although it took an extra five minutes.

With stars Stewart and Sabrina Ionescu struggling on offense, other players stepped up. Leonie Fiebich started off OT with a 3-pointer, and then Nyara Sabally had a steal for a layup to make it 65-60 and bring the sellout crowd to a frenzied state.

“Whoever scores in overtime first usually wins,” Liberty coach Sandy Brondello said.

Minnesota didn’t score in OT until Kayla McBride hit two free throws with 1:51 left. The Lynx missed all six of their field goal attempts in overtime. After Ionescu missed a shot with 21 seconds left, her 18th miss on 19 shot attempts, the Lynx had one last chance, but Bridget Carleton missed a 3-pointer with 16 seconds left.

Stewart, who missed a free throw with 0.8 seconds left in the end of regulation in Game 1, hit two free throws with 10.1 seconds left in overtime to seal the victory.

As the final seconds ticked off the clock the players hugged and streamers fell from the rafters. Stewart and Jones hugged. The two prize free agent signees two years ago that helped get this team its first title.

New York trailed by two in regulation when Stewart was fouled with 5.2 seconds left. After a lengthy video review, Stewart calmly hit two free throws to tie the game at 60.

Kayla McBride, who finished with 21 points, had an open look for a 3, but it fell off the rim and the game went to OT.

Many of the former Liberty greats were in the audience, including Teresa Weatherspoon, who hit a half-court heave in the 1999 WNBA Finals to force a decisive Game 3 that year. That was the last time that New York had a chance to play in a championship-deciding game until this year.

Jones, who was the only player on the Liberty to compete in a Game 5 before when she was with Connecticut in 2019, earned MVP honors.

“I could never dream of this. You know how many times I’ve been denied. It was delayed. I am so happy to do it here,” she said.

Napheesa Collier scored 22 points to lead Minnesota before fouling out with 13 seconds left in OT.

The Lynx were trying for a record fifth WNBA title, breaking a tie with the Seattle Storm and Houston Comets. Minnesota won four titles from 2011-17 behind the core group of Lindsay Whalen, Seimone Augustus, Rebekkah Brunson, Sylvia Fowles and Maya Moore. That was the team’s last appearance in the WNBA Finals until this year.

“Congratulations to the Liberty on their first championship,” Minnesota coach Cheryl Reeve said. “It took them 28 years, congrats to them. We were that close to our fifth, it just didn’t happen.”

This is the first time since 2019 that the WNBA Finals have gone the distance. Since the league switched to a best-of-five format in 2005, seven other series have gone to a Game 5 and the home team had won five of those previous contests, including in 2019.

This series has been a fitting conclusion to a record-breaking season for the league. All five games came down to the last few possessions and have included two overtime games and a last-second shot, which have led to record ratings.

The first three games each had over a million viewers on average, with the audience growing for each contest. They also have had huge crowds in attendance.

Liberty fan Spike Lee was courtside over an hour before tipoff chatting with the media while wearing his Ionescu jersey. Once Ionescu finished warming up pregame, the pair had a brief exchange and hugged. Lee was part of a sellout crowd of 18,090 that helped this series set both the overall attendance record for a WNBA Finals as well as the average attendance mark.

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