CUSMA Renewal, Retirement Planning, Late Tax-Filing, Zellers Returns, Productivity Tumbles
CUSMA Renewal, Retirement Planning, Zellers Returns, Productivity Tumbles

It is Wednesday, June 3. Here are the top stories we are following today.

Canada Calls for CUSMA Renewal

Canada formally called for the renewal of its trilateral trade deal with the United States and Mexico on Tuesday. However, economists expect the uncertainty surrounding the pact to continue weighing on the economy. The ball is in America's court in trade deal negotiations, according to experts.

Retirement Planning: Strugglers vs. Savers

While many Canadians have fading hopes for retirement, others are starting to save younger than previous generations. A Toronto-based comedian, Hilary Henderson, 29, is not thinking about retirement at all. The contrast highlights the growing divide in retirement preparedness among young Canadians.

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Late Tax-Filing: CRA Denies Relief

A recent court case illustrates what can happen to late filers, even with valid reasons. The taxpayer disagreed with the Canada Revenue Agency officer's decision and asked the court to reweigh the evidence, but the court ruled that is not its role. Jamie Golombek explains the implications.

Zellers Accelerates Comeback in Ontario

Canadian retailer Zellers is expanding into Ontario with two new stores as it accelerates its national comeback following its Alberta debut in October. A rendering shows the first new Ontario store opening at 80 Orfus Road in Toronto.

Canada's Business Productivity Falls Again

One of the economy's most persistent challenges reared its head again as rising labour costs outpaced growth at the start of 2026. Canadian business productivity fell for the second straight quarter, with the agriculture, forestry, fishing and hunting sector seeing a 3.5 per cent decline.

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