Is Canada heading for recession? One economist says it may lack ‘severity’

Thirteen months before the FIFA World Cup kicks off, the City of Toronto is still wondering how to pay for it.The cost of hosting six games in Toronto has been pegged at $380-million, with the federal government contributing $104-million and Ontario, including services, $97-million. Toronto’s tab is $178.7-million (47 per cent of the total cost).But a city staff report says the cost of providing services related to public transport, policing and hospitals, among others, has increased to almost $40-million in total – reducing the provincial cash contribution and adding to the city’s bill...