The financial world witnessed a historic moment as the long-awaited SpaceX IPO officially became reality, sending shockwaves through Wall Street and transforming Elon Musk into the world’s first trillionaire. The massive SpaceX IPO has instantly become one of the biggest stock market news stories in history, with investors scrambling to understand the future of SpaceX Continue reading
CRA taking up to 47 weeks to process some tax return changes, watchdog says
Taxpayers across Canada who have submitted requests to correct or update their income tax returns are facing significantly longer waiting times than expected. In some cases, adjustments to T1 income tax returns are taking as long as 47 weeks to process by the Canada Revenue Agency, according to Canada’s Taxpayers’ Ombudsperson. This delay is more Continue reading
Canada Post announces nearly 500,000 addresses to lose home delivery
Canada Post is preparing for one of the largest structural changes in its modern history, announcing plans to convert an additional 485,000 residential addresses across the country from traditional door-to-door mail delivery to community mailboxes beginning in 2027. The initiative is part of a broader effort to modernize operations and restore long-term financial sustainability to Continue reading
Liberals unveil a multibillion-dollar national food strategy aimed at lowering prices
The Canadian government has announced a sweeping national food security strategy designed to reshape the country’s food system, strengthen domestic food production, and improve access to affordable fresh food for consumers. Backed by more than $3 billion in investments over the next decade, the plan aims to reduce Canada’s dependence on imported food while supporting Continue reading
Why You Haven’t Received Your GST/HST Credit Payment of Up to $717 Yet
Millions of Canadians have been eagerly checking their bank accounts since early June after the federal government began issuing a special one-time GST/HST supplemental payment. The payment, which started rolling out on June 5, 2026, is designed to provide additional financial support to lower-income individuals and families as living costs continue to put pressure on Continue reading
New Canada Grocery Benefit Payments Arriving in July 2026
Millions of Canadians are set to receive larger quarterly payments beginning July 3, 2026, as the federal government officially launches the Canada Groceries and Essentials Benefit (CGEB). The new program replaces the long-standing GST/HST Credit and delivers significantly higher payments to eligible households across the country. While many Canadians already received a one-time grocery relief Continue reading
Flights cancelled in Canada as Air Canada, Jazz, Inuit, WestJet Encore and more airlines face 69 cancellations and 142 delays impacting Toronto, Montreal, Ottawa, Halifax, Barrie and others
A significant wave of flight disruptions has shaken Canada’s aviation system, with major carriers including Air Canada, WestJet Encore, Jazz Aviation, and Air Inuit reporting a combined total of 69 cancellations and 142 delays in a single operational cycle. The disruption has spread across several of Canada’s busiest and most strategically important airports, including Toronto, Continue reading
New Canada Grocery Benefit Payments Coming in July 2026
On July 3, 2026, the Canada Revenue Agency will begin issuing the first quarterly payment under the newly restructured Canada Groceries and Essentials Benefit. This marks a major shift in federal income support policy in Canada, as the long-standing GST/HST credit framework is formally rebranded and enhanced with higher payment amounts, expanded eligibility, and a Continue reading
LMIA processing times improve for select Temporary Foreign Worker Program streams
Employment and Social Development Canada (ESDC) has released its latest update on Labour Market Impact Assessment (LMIA) processing times, reflecting significant changes across nearly all Temporary Foreign Worker Program (TFWP) streams. The April 2026 update, published on May 15, 2026, shows a mixed picture: some categories are seeing faster approvals, while others are experiencing moderate Continue reading
Canadians running out of time to claim share of $1.85M Keurig settlement
Thousands of Canadians who purchased Keurig coffee products over the past several years may be entitled to compensation through a class-action settlement, but time is running out to file a claim. A settlement worth $1.85 million has been established following allegations that Keurig made misleading claims regarding the recyclability and disposability of certain coffee pods Continue reading