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The transfer of TDSB's longest serving principal sparked protests + Ontario line is costing Metrolinx a pretty penny

The transfer of TDSB's longest serving principal sparked protests + Ontario line is costing Metrolinx a pretty penny

Toronto Star12-06-2025

Good morning. This is the Thursday, June 12 edition of First Up, the Star's daily morning digest. Sign up to get it earlier each day, in your inbox.
Here's the latest on the TDSB transferring its longest-serving principal, Metrolinx's massive land payou t and growing surgery wait times.
Also, we're following developments on an Air India flight that crashed shortly after takeoff from Ahmedabad airport this morning with 242 people on board. Here's what we know.
ARTICLE CONTINUES BELOW
DON'T MISS
The TDSB's decision to transfer its longest serving principal is sparking protests
Here's what the rumour mill is saying about Barrie Sketchley's departure from Rosedale Heights.
TDSB seeks public feedback as it reviews controversial policy on specialized program admissions
This Ontario Line property is going to cost Metrolinx big money
A tribunal ruling sided with the land owners' appraisal. Here's how much Metrolinx has to pay.
Metrolinx forced him out of his $1,400-a-month home to make way for a new Ontario Line station. Now his rent has almost doubled — and he won't be the only one, the city warns
Canadians are facing growing wait times for 'priority' surgeries
Despite clearing the COVID backlog, wait times have spiked. Take a look at the data.
I paid $1,500 for an MRI and got an appointment in days. But such scans aren't always good for patients — or our health care system
WHAT ELSE
On Tuesday, federal industry minister Melanie Joly pointed to the domestic auto industry as a potential key part of Ottawa's commitment to reach its exanded defence spending goals.
Spencer Colby/ The Canadian Press file photo
Could Mark Carney's military plans save Canada's auto industry? Here's what you need to know.
Here's how Carney hopes to smooth over his differences with Trump at the G7 summit.
Canada set a record for the number of refugee claims received last year. This is what the UN report said.
Don't believe players' cooked-up story, the Crown said in their closing arguments at the Hockey Canada trial.
Vaughan stopped photo radar after a deluge of speeding tickets. These are the next steps.
Over 80 per cent of Toronto-area condos are now selling for under asking. Here's why.
Edward Keenan: Are police officers in our schools part of the solution? Here's how they could be.
A proposed class action alleges Uber eats customers faced hidden service fees. Here's more.
Kendrick Lamar is performing in Toronto for the first time since his feud with Drake ignited. Here's everything you need to know.
Canadian authors and fans say these 18 summer reads should top your TBR pile. Check out the list here.
POV
As climate induced hell-fires rage across the country, Canada looks to build pipelines.
CLOSE UP
Workers have put a protective coating on the statue of Sir John A. Macdonald along with a plaque acknowledging his controversial role in creating residential schools.
Richard Lautens/ Toronto Star
QUEEN'S PARK: Sir John A. Macdonald is out in public once again. The likeness of Canada's first prime minister, which gazes south down University Avenue, was boarded up five years ago following repeated acts of vandalism over his role in creating residential schools. Take a closer look at the controversy around the statue.
Thank you for reading. You can reach me and the First Up team at firstup@thestar.ca. I will see you back here tomorrow.
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Back against the wall, Canada did right to appease Trump on digital tax
Back against the wall, Canada did right to appease Trump on digital tax

Winnipeg Free Press

time37 minutes ago

  • Winnipeg Free Press

Back against the wall, Canada did right to appease Trump on digital tax

Opinion Giving in to a bully never feels good, but every once in a while, it's the smart thing to do. This week, Prime Minister Mark Carney did an abrupt about-face and announced that Canada was cancelling the digital services tax it had threatened to levy on tech giants including Amazon, Google and Meta. The tax, similar in nature and magnitude to similar levies charged in countries around the world, was an attempt to recoup some revenue from the tech companies that have generated billions in revenue as they provide digital services to Canadians without having to pay any tax. The idea of taxing digital services provided by companies in another country is, quite frankly, fairly common. CANADIAN PRESS FILES Prime Minister Mark Carney did an abrupt about-face and announced that Canada was cancelling the digital services tax. Nevertheless, U.S. President Donald Trump announced on Fox News Friday that he was going to abandon intensive tariff negotiations with Canada unless Carney abandoned the digital tax. Less than a day after Trump levelled his latest threat, Carney and the bombastic U.S. president had a call on Sunday night. When everyone awoke Monday morning, the tax was no more. The decision cost the Canadian treasury an estimated $2 billion in retroactive tax levies, and roughly $900 million a year going forward. Did Carney roll over and wiggle his legs in the air for Trump? Perhaps. But in this instance, the reason Carney backed down is arguably more important than the backing-down itself. The uncertainty that has been triggered in this country from the Trump administration's on-again, off-again tariff threats has taken a bite out of consumers and thrown many businesses in a broad array of sectors into financial disarray. Locking down a new continental trade deal is our last, best hope at getting off the Trumpian roller-coaster. Still, it comes at a price, both in terms of totally justifiable government revenues and pride. It doesn't really come with assurances that the mythical trade deal that Trump has been promising will put an end to his whimsical threats. Trump certainly has his own policy priorities; punishing countries that have economies built on manufacturing cheap goods that flood the American market has been his rallying cry for years. At the same time, however, he is susceptible to serving private interests that manage to curry his favour. That is certainly the case with the Big Tech companies that donated millions to his campaign and inauguration while bending a knee and capitulating to whatever nonsense Trump can imagine. The tech companies have eliminated diversity, equity and inclusion programs, stopped supporting Pride and other LGBTTQ+ organizations and events, and pledged to live under a self-imposed gag order on tariffs and the heavy-handed immigration deportations. All of this played a huge part in Trump taking up the fight to defeat digital tax schemes. Worse, those who have been following Canada-U.S. relations during Trump 2.0 will notice that what happened this weekend is an echo of the pattern Trump has established in his interactions with Canada. Will abandoning (for now) the notion of a digital tax guarantee that Trump won't pick some other issue as the straw that breaks the tariff negotiation's back? Nope, no guarantees. Trump is happy to threaten crippling tariffs on Canadian goods and services whenever he or his acolytes identify a new issue of derision. Since his inauguration in January, the critical issue that Trump linked to trade talks has changed repeatedly: illegal migrant traffic and border security; fentanyl; restrictions on U.S. banks doing business in Canada; demand-side management schemes for eggs, milk and cheese; defence spending; and, now, the digital tax. Trump threatens, Canada responds. On this particular issue, the response is particularly maddening. There is no persuasive economic or moral argument for allowing these gargantuan technology companies to continue earning money in Canada on a tax-free basis. It's not just Canada that thinks so. The member nations of the Organization for Economic Co-operation and Development are currently trying to establish a standard global tax for digital services. 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Dan LettColumnist Dan Lett is a columnist for the Free Press, providing opinion and commentary on politics in Winnipeg and beyond. Born and raised in Toronto, Dan joined the Free Press in 1986. Read more about Dan. Dan's columns are built on facts and reactions, but offer his personal views through arguments and analysis. The Free Press' editing team reviews Dan's columns before they are posted online or published in print — part of the our tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.

European Central Bank head: Frequent shocks to economy make inflation more unpredictable
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Winnipeg Free Press

timean hour ago

  • Winnipeg Free Press

European Central Bank head: Frequent shocks to economy make inflation more unpredictable

FRANKFURT, Germany (AP) — The head of the European Central Bank said inflation has become more unpredictable due to shocks like the COVID-19 pandemic and Russia's invasion of Ukraine – and that policymakers need to take the possibility of such extreme scenarios into account and communicate them to the public as well. 'The world is ahead is more uncertain, and that uncertainty is likely to make inflation more volatile,' ECB President Christine Lagarde said Monday in a speech opening the central bank's annual conference in Sintra, Portugal. 'It's pretty basic but that's the reality.' One reason, she said, was that increasingly regular supply disruptions were leading companies to change their prices more frequently, a habit that goes beyond the recent burst of inflation in the U.S. and Europe and 'reflects a structural shift in how firms operate under conditions of permanently higher uncertainty.' The bank's assessment of the economy needs to rely on taking extreme possible scenarios into account as well as the more likely baseline predictions, and it should let the public in on those possible outcomes as well, she said. Lagarde in particular cited the inflation spike that followed Russia's inflation of Ukraine, where a baseline scenario based on higher energy prices suggest inflation for 2022 of 5.5% – but a worst-case scenario indicated more than 7% inflation, much closer to the final figure of 8%. Another example was the pandemic, where spending by homebound consumers shifted from services like restaurants to goods such as home exercise equipment. 'Scenario analysis could have helped in illustrating that the range of possible inflation outcomes was unusually wide – and would have reduced the risk of projecting false certainty to the public,' Lagarde said. The bank's strategy review announced Monday reaffirmed its target of 2% for inflation, a goal it has met for the time being as annual price increases were 1.9% in May. The drop in inflation has let the bank cut its benchmark interest rate from a peak of 4% to 2%. Monday Mornings The latest local business news and a lookahead to the coming week. Threats of higher tariffs from U.S. President Donald Trump have added to uncertainty about the outlook for growth and inflation. The European Commission and US negotiators are trying to reach agreement on a trade deal ahead of a July 9 deadline. The conference in Sintra is the ECB's equivalent of the U.S. Federal Reserve gathering in Jackson Hole, Wyoming, and gathers top central bankers and economists from around the world. Fed Chair Jerome Powell is to take part in a panel on Tuesday with Lagarde, Bank of England Government Andrew Bailey, Bank of Korea Governor Chang Yong Rhee and Kazuo Ueda, the governor of the Bank of Japan.

Middle-class Canadians are getting a tax cut on Canada Day. Here's what to know
Middle-class Canadians are getting a tax cut on Canada Day. Here's what to know

Vancouver Sun

timean hour ago

  • Vancouver Sun

Middle-class Canadians are getting a tax cut on Canada Day. Here's what to know

With a middle-class tax cut promised by Prime Minister Mark Carney and the Liberal government coming into effect Tuesday, some Canadians in the lowest tax brackets may find extra cause to celebrate Canada Day. While dropping the lowest marginal personal income tax rate from 15 to 14 per cent is expected to offer immediate relief to some, there are questions about how much people are actually saving and whether those who need it most are benefiting. Here's what you need to know about the tax cut. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Bottom brackets benefit best When announced after the election and cabinet swearing in, Minister of Finance François-Philippe Champagne said the measure would deliver upwards of $27 billion in tax savings to more than 22 million Canadians over five years, starting in the 2025-26 tax year. Since the change is being implemented in July, the full-year tax rate for 2025 is adjusted to 14.5 per cent, dropping to 14 in subsequent years. Those with a job or other income where tax is taken out automatically might notice slightly more money on the paystubs starting in July, while others won't realize the savings until they file their taxes in spring 2026. The cut lowers the rate on the first $57,365 of taxable income, regardless of their income level, according to Finance Canada. The department noted the majority of the tax relief would be felt by those in the bottom two tax brackets, with those earning $57,365 and under benefiting from 45 per cent and those making $114,750 or less getting a 41 per cent share in 2025. The three highest brackets — $114,750 to $177,882; $177,882 to $253,414; and over $253,414 — pay 18, 10 and 20 per cent of the taxes and gain nine, three and two per cent, respectively, of the tax relief. It forecasted the maximum tax savings at $420 per person and $840 per couple in 2026. In early June, a ways and means motion introduced by Champagne in the House of Commons to have the changes take effect for Carney's promised Canada Day deadline was passed unanimously. The actual legislation will still require approval and adoption when the House resumes in September. PBO report sobering on savings A report from the Parliamentary Budget Office that followed two weeks later dampened some of Finance Canada's projected savings. Because the tax cut is coming at the midway point of the year, the PBO analysis estimates an average savings of $90 this year, $190 in the following three years and $200 in 2029-30. And instead of the $840 predicted by the Liberals, it estimates the average Canadian family will only save $280 on next year's taxes. Under the PBO's models, a two-income couple in the second tax bracket with a child comes closest to the government prediction with a potential $750 in savings in future years. Seniors and single Canadians, including those with a dependent, in the lowest tax bracket could see as little as $50, $100 and $140 in annual savings, respectively. 'In general, the greater the income, the greater the savings in dollars, but the lower as a share of income for individuals in the second tax bracket and above,' the PBO wrote, meaning those with a lower average income can expect to save less on the first $57,375 relative to those who earn more on average. The Conservative Party of Canada issued a statement , calling out Carney and the Liberals for failing to deliver a meaningful tax cut, particularly for seniors. 'For a lower-income senior the savings would be $50 a year, or $4.16 a month,' the Tories wrote. 'Not even enough to buy an Egg McMuffin or a Tim's breakfast sandwich.' As part of their campaign platform, the Conservatives pledged to drop the personal income tax rate to 12.75 per cent, potentially yielding $900 in savings to Canadians in the lowest tax tier and $1,800 for dual-income families. The PBO report also highlighted the potential net cost of the tax cut, estimating it could be up to $28 billion over the next five years after taking into account associated reductions in federal tax credits under the plan. — With files from The Canadian Press Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .

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