It is Thursday, June 11. Here are the top stories we are following today.
U.S. Ambassador Says Trump Is Open to Renewing CUSMA if a New Offer Is Made
United States President Donald Trump has frequently stated that the U.S. does not need anything from Canada. However, Pete Hoekstra, the U.S. ambassador to Canada, clarified that his boss is essentially saying, “We are open to offers; make your case.” This suggests a potential path forward for the renewal of the Canada-United States-Mexico Agreement (CUSMA).
CRA Denies Taxpayer’s Request for Relief from Penalties and Interest
As a judge recently reminded taxpayers, “It is always the responsibility of the taxpayer to file an accurate income tax return… Even if they use commercial software or the CRA’s auto-fill feature.” The Canada Revenue Agency denied a taxpayer’s request for relief after she failed to report all her income. With the 2025 tax season concluded, it is advisable to log into your CRA account over the summer to verify that all T-slips and income for 2025 have been accurately reported.
How SpaceX’s IPO Frenzy Compares with Previous FOMO Investments
Space Exploration Technologies Corp. remains an expensive prospect, even before any initial public offering pop. Peter Hodson examines how the SpaceX IPO frenzy stacks up against previous fear-of-missing-out investments, from the dot-com bubble to bitcoin, noting that such fervor has led investors to both massive gains and significant losses.
Canadian Travel to U.S. Rebounds but Still Down from Pre-Trump Era
Canadians took 1.9 million return trips to the United States in May, a 9.5 percent increase compared to the same month in 2025, according to Statistics Canada. Despite the rebound, travel numbers remain below levels seen before the Trump administration.
Looking for a Discount on a Home in the GTA? Here’s Where to Find Them
As Toronto’s housing market becomes more favorable for buyers, certain areas offer even greater purchase power. In May, nearly 74 percent of homes sold for under their asking price in the Greater Toronto Area, providing ample room for negotiation.
