Outage is latest problem to hit Australian stock exchange operator ASX - Reuters
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PBO trims economic forecast for 2026 and 2027 amid new U.S. tariffs
EconomicsPublished: October 20, 2026 at 10:07a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. OTTAWA — The Parliamentary Budget Office is trimming its outlook for economic growth for this year and next amid new U. S. tariffs and Canadian countermeasures. The federal budget watchdog says it now projects real gross domestic product growth of 0.9 per cent for this year and 1.5 per cent in 2027. The forecast is down from an estimate in June for growth of 1.1 per cent and 1.6 per cent, respectively. Latest economic news on BNNBloomberg.caTrade talks between Canada and the U. S. broke down at the end of August followed by a new round of U. S. tariffs and Canadian counter-tariffs. The PBO says it also now projects a budgetary deficit of $63.3 billion for the 2026-27 fiscal year which will peak at $70.2 billion in 2027-28. It says, relative to its June outlook, the deficits are $3 billion higher per year on average over 2026‑27 to 2030‑31, as new spending measures more than offset stronger revenues. ---This report by The Canadian Press was first published Oct. 20, 2026.

Rubio and India's foreign minister hold talks in Mumbai as both sides aim to finalize a trade deal
Published: October 20, 2026 at 9:44a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. MUMBAI, India — U. S. Secretary of State Marco Rubio held talks with India’s foreign minister in Mumbai on Tuesday as the two countries seek to deepen energy cooperation and move closer to finalizing a trade deal. India and the United States seek to revive trade negotiations stalled for months by tensions over American tariffs and the Indian government’s purchases of Russian oil. “We’re very, very close. I would say we’re about as close as you can be without having executed the agreement,” Rubio told reporters in Mumbai on Tuesday. “I think there’s a small number of items left to wrap up, so I think that will happen shortly.”Trade War coverage on BNNBloomberg.caIndian Foreign Minister Subrahmanyam Jaishankar said that they discussed ways to strengthen bilateral ties in trade, energy, technology and defense, along with talks on regional developments.
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