CRA delayed in updating TFSA contribution room. Better to wait, advisors say

Former Prime Minister Jean Chrétien advised Prime Minister Mark Carney on managing U.S. President Donald Trump's unpredictable behavior ahead of the G7 summit in Kananaskis, stressing the importance of maintaining composure. The Canadian government is adopting a new approach with mini joint statements on key issues like wildfires and artificial intelligence to avoid past discord, particularly regarding U.S. tariffs on Canadian goods. More Context

Hillel Ontario is urging Toronto Metropolitan University (TMU) to investigate Maher El-Masri, an interim associate dean, for allegedly promoting antisemitic content on social media, including posts comparing Israel to Nazi Germany. El-Masri, who claims the allegations are a "smear campaign," has made inflammatory statements regarding the Israel-Palestine conflict, alarming some Jewish students at TMU. More Context

Israeli Prime Minister Benjamin Netanyahu announced "Operation Rising Lion," a military campaign aimed at neutralizing the Iranian nuclear threat, emphasizing that Israel will not allow those who threaten its existence to develop nuclear weapons. In a seven-minute address, he detailed strikes on Iran's nuclear facilities and ballistic missile programs, asserting that Israel's actions also defend regional stability and promote liberation for the Iranian people. More Context

Prime Minister Mark Carney's government faces criticism for rapidly advancing Bill C-5 through the House of Commons, which would grant sweeping powers to approve major projects and dismantle trade barriers. Opposition leaders express concerns over insufficient consultation, while Natural Resources Minister Tim Hodgson defends the urgency, citing job losses amid a trade war. More Context

On Thursday, the English River First Nation in northern Saskatchewan reported that a ground-penetrating radar search at the former Beauval Indian Residential School site, initiated in 2021, has uncovered dozens more anomalies, indicating unmarked graves. Katrina Maurice, a community member, designed white grave markers to honor the victims identified at this site. More Context

Ontario Premier Doug Ford's government has been found to have violated legal record-keeping obligations related to its now-reversed decision to open protected Greenbelt lands for housing, according to the province's information and privacy commissioner. In response, Ford's administration is introducing an amendment to Bill 5 that will include duty to consult provisions. More Context