News of the day: CUSMA renewal, tax relief denied, SpaceX IPO frenzy, travel to U.S. rebounds, GTA homes discount and more

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Pete Hoekstra, U.S. Ambassador to CanadaU.S. ambassador to Canada Pete Hoekstra said Thursday Canada could make a compelling trade case to the United States. Photo by TONY CALDWELL/Postmedia

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It’s Thursday, June 11. Here are the top stories we’re following today.

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United States President Donald Trump has said many times that the U.S. doesn’t need anything from Canada, but Pete Hoekstra, the U.S. ambassador to Canada, said what his boss is really saying is that “we’re open to offers; make your case.”

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The canadian income tax and benefit return form with calculator, laptop and pen surrounding it. As a judge recently reminded us, “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.” Photo by Erick Eterosa/Adobe Stock

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With the 2025 tax season now behind us, it may be worth your time over the summer months to log in to your Canada Revenue Agency account to view all of the 2025 T-slips that the CRA has on file for you to ensure that you’ve fully captured, and reported, all of your income for 2025.

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A television broadcasts SpaceX IPO news on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, June 3, 2026 We do not know how Space Exploration Technologies Corp. will fare the rest of this year, but we do know it is expensive, even before any initial public offering pop after listing. Photo by Adam Gray/Bloomberg

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From the dot-com bubble to bitcoin, the fear of missing out has led investors to some massive gains, or big losses, writes Peter Hodson.

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Terminal 1 International Arrivals at Toronto Pearson International Airport on September 26, 2022. Terminal 1 International Arrivals at Toronto Pearson International Airport. Photo by Ernest Doroszuk/Toronto Sun/Postmedia

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Canadians took a total of 1.9 million return trips to the United States in May, a 9.5 per cent increase from the same month in 2025, according to Statistics Canada’s monthly data on international arrivals to Canada.

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house for sale Most buyers have room to negotiate as nearly 74 per cent of homes sold for under their asking price in the Greater Toronto Area in May. Photo by Paige Taylor White/Bloomberg

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As Toronto’s housing market increasingly opens up to buyers, there are certain pockets where homebuyers have even more purchase power.

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