News of the day: Free trade scars, new CRA head, GDP grows, recession false alarm, bare trust debacle and more

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Libbey plant in Wallaceburg, Ont.Libbey plant in Wallaceburg, Ont. Photo by Maija Saari/The Chatham Daily News

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It’s Tuesday, June 30. Here are the top stories we’re following today.

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United States demands for concessions on the Canada-United-States-Mexico-Agreement are stirring up painful memories in communities like Wallaceburg, Ont., where some wonder if the price Canada already paid for free trade is being exacted anew.

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Canada Revenue Agency (CRA) headquarter photographed in Ottawa on May 20, 2026. The Canada Revenue Agency headquarter in Ottawa, Ont. Photo by HYUNGCHEOL PARK/Postmedia

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Heather Evans will become the Commissioner of Revenue, effective July 13, taking the place of Jean-François Fortin, who has served as acting commissioner of the agency since March 31.

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pipeline worker Gross domestic product gains were mainly driven by the mining, quarrying, and oil and gas extraction sectors. Photo by JOHN LEHMANN/Trans Mountain Corporation/AFP via Getty Images

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Canada’s real gross domestic product grew by 0.5 per cent in April, marking a strong start to the second quarter of 2026 that was slightly higher than economists’ expectations.

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The Bank of Canada building in Ottawa. The Bank of Canada building in Ottawa. Photo by HYUNGCHEOL PARK/Postmedia files

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Economists say the bounce back in gross domestic product should be enough to quiet recession talk, but not quite enough to move the Bank of Canada on interest rates.

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Budget planning concept,Accountant is calculating company's annual tax.Calendar 2019 and personal income tax forms for those who have income under US law placed on office desk.This is the season to pay taxes The trouble with the new tax policy for bare trusts is not complexity; it is complexity imposed on a broad and unsuspecting audience. Photo by Pra-chid/Getty Images

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Once again, tax practitioners will be asked to answer legal questions they were never trained to answer, writes Kim Moody.

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