RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Devastated by Russia's invasion eight months ago, the Ukrainian economy will plunge 35 per cent this year, the World Bank forecast Tuesday.
The war has destroyed factories and farmland and displaced millions of Ukrainians. The World Bank, a 189-country anti-poverty agency, estimates that rebuilding the country will cost at least $349 billion, 1.5 times the size of Ukraine's prewar economy.
"Ukraine continues to need enormous financial support as the war needlessly rages on as well as for recovery and reconstruction projects," said Anna Bjerde, World Bank vice president for Europe and Central Asia.
Still, the bank's assessment for Ukraine's economy marks an upgrade from the 45.1 per cent freefall it forecast in June. And it expects that the Ukrainian economy will return to growth in 2023, expanding 3.3 per cent -- though the outlook is highly uncertain and will depend on the course of the war.
Meanwhile, the Russian economy, hammered by Western sanctions, is expected to shrink both years -- by 4.5 per cent in 2022 and 3.6 per cent next year. In June, however, the bank had predicted the Russian economy would fare even worse this year, shrinking by 8.9 per cent. The energy-producing Russian economy has proven surprisingly resilient, helped by a surge in oil and natural gas prices.
The Washington-based bank expects the emerging economies of Europe and Central Asia collectively to shrink 0.2 per cent this year and eke out growth of just 0.3 per cent in 2023.
The bank's economic assessment for 23 countries in southern and eastern Europe and in Central Asia was an improvement from the 2.9 per cent contraction it predicted for 2022 back in June. The upgrade reflects, in part, the extension of government stimulus programs originally meant to combat the economic consequences of the coronavirus pandemic.
But the outlook for 2023 dimmed from the bank's earlier forecast for 1.5 per cent regional growth.
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
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Police in the U.K. are searching for a group of suspects seen on video using a forklift to steal a cash machine from a bank.
A tower crane operator alerted emergency crews after noticing a fire on a construction site in Halifax Tuesday morning.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a Grade 4 student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.