💰 Canada cancels digital services tax
Tech giants will not have to shell out close to $2 billion as Canada moves to cancel their digital services tax, just one day before the first payment was due. This comes after a statement from the U.S. President expressing opposition for the tax and taking trade talks off the table because of it.
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💥 Russia launched biggest aerial attack since start of war
Russia has launched its biggest aerial attack against Ukraine overnight as part of an escalating bombing campaign. Russia fired a total of 537 aerial weapons at Ukraine, including 477 drones and 60 missiles. Of these, 249 were shot down, and 226 were lost.
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📜 Liberal government taking a fresh look at online harms bill
Justice Minister Sean Fraser says the federal government is taking a fresh look at the stalled Online Harms Act. Confirmed key priorities for the bill being deepfakes, child exploitation, and online sexploitation.
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👷 Workers at CN Tower locked out amid labour dispute
More than 250 unionized workers at the CN Tower have been locked out amid a labour dispute just before Canada Day. The Canada Lands Company locked workers out after labour talks reached a standstill.
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🏒 Matthew Knies signs six-year extension with Maple Leafs
Knies signed a six year extension deal with the Maple Leafs for $46.5M after 29 goals, 29 assists in 78 games during the 2024-2025 season.
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⚖️ Lululemon sues Costco for selling alleged dupes of products
Lululemon Canada is accusing Costco of infringing on intellectual property by selling knockoffs of their most popular products. Alleging that Costco sells dupes under their Kirkland brand.
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📣 Toronto Council approves “bubble zone” bylaw
The Toronto City Council has approved a bylaw that restricts protests around places of worship, schools, and daycares. Councilors voted 16-9 to approve this bylaw, placing an exclusion zone and instituting penalties for non compliance.
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🏦 Talks of New Digital Services Tax
The government of Canada is in talks about a Digital Services Tax affects mega companies that offer digital services like shopping or online advertisements, and earn more than $20 million from Canadian customers. These companies will be taxed 3% and it is expected to bring $7 billion in revenue over 5 years.
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💰 July government benefits that you might be eligible for
With July starting, comes a new round of benefits and credit payments from the federal and provincial government that could help ease some financial burdens during a time of rising food costs and a looming recession.
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📉 Canada’s Economy Shrinks in April
The Canadian economy shrank 0.1% in April, a slower pace than analysts had expected. The shrink was a result of weaknesses in the manufacturing sector amidst heightened trade tensions with the United States.
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