News of the day: Hidden housing bottleneck, unlocking North America’s potential, bond market warnings, new U.K. rules for Google AI, economists on jobs report and more

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Sewer pipes are stacked before installation under roadways in London, Ont.Sewer pipes are stacked before installation under roadways in London, Ont. Water and wastewater systems are increasingly limiting housing construction in parts of Canada. Photo by Mike Hensen/Postmedia Network

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It’s Monday, June 8. Here are the top stories we’re following today.

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Housing development is increasingly running up against a basic blockage beneath the streets: water and sewer systems that can’t keep up with a city or town’s growth.

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Ontario Premier Doug Ford at a morning press conference in Toronto on June 4, 2026. Ontario Premier Doug Ford at a morning press conference in Toronto on June 4, 2026. Photo by Peter Power/Postmedia News

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Trade conflict between allies only creates uncertainty and that uncertainty benefits our competitors, not our workers, writes Ontario Premier Doug Ford.

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American bonds on stock market perspective dashboard. Stock exchange market chart. Getty Images/iStockphoto While equity markets tend to capture the headlines, it is often the bond market that sets the tone for everything else. Photo by Panasevich/Getty Images

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Hedge funds now buy about half of Canada’s new bonds. That’s a risk investors should watch, writes Martin Pelletier.

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pedestrians walk past Google's U.K. headquarters in London. Pedestrians walk past Google’s U.K. headquarters in London. Photo by TOLGA AKMEN/AFP via Getty Images files

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Competition authorities in the United Kingdom are imposing new conduct requirements on Alphabet Inc.’s Google that will allow publishers to keep their content from being used to power the tech giant’s artificial intelligence features.

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The Bank of Canada building in Ottawa, Ontario, Canada, on Thursday, May 8, 2025. The ‘unambiguously strong report’ should somewhat ease Bank of Canada worries about the economy after the negative gross domestic product print, said Bank of Montreal’s Benjamin Reitzes. Photo by David Kawai/Bloomberg

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Here’s what economists had to say about the latest jobs data and what it means for the Bank of Canada’s future interest rate decisions.

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