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G7 Foreign Ministers Meet in Niagara to Hear Ukraine’s Plea Amid Escalating War

Top diplomats from the Group of Seven (G7) nations gathered in Niagara-on-the-Lake, Ontario , for high-stakes talks with Ukraine’s Foreign Minister as Russia intensifies its assault on Ukraine’s power grid. The meeting, hosted by Canada’s Foreign Affairs Minister Anita Anand , comes at a critical moment as rolling blackouts sweep across Ukraine ahead of winter. Foreign ministers from Canada, the United States, the United Kingdom, France, Germany, Italy, Japan, and the European Union posed for a family photo before beginning discussions. Ukraine’s foreign minister is expected to brief the group on the humanitarian and security consequences of Russia’s latest attacks, which have left millions vulnerable to freezing temperatures. The summit is not limited to Ukraine. Ministers are also addressing broader geopolitical challenges, including instability in the Middle East and shifting trade relationships. Still, Ukraine remains the centerpiece of the agenda, with G7 leaders reaffirming ...
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Federal Budget 2025: What It Means for Your Money



The 2025 federal budget introduces a mix of tax cuts, housing measures, and spending shifts that will directly affect Canadians’ day-to-day finances. While the government projects a significant deficit, the plan focuses on affordability and long-term growth. Here are eight key ways it impacts your wallet:

1. Lower Income Taxes

The lowest federal tax bracket will be reduced from 15% to 14% starting mid-2025, giving middle-income earners some relief.

2. Vacant Home Measures

The Underused Housing Tax will be expanded to discourage vacant and underutilized properties, aiming to free up more housing supply.

3. Student Loan Relief

Repayment assistance will be enhanced, with lower income thresholds and capped monthly payments to ease the burden on graduates.

4. Consumer Protection

New rules will cut down on excessive banking fees and strengthen protections for financial consumers, especially those with modest incomes.

5. Housing Affordability Programs

Funding will support first-time homebuyers and rental construction, with incentives to increase supply and stabilize prices.

6. Public Service Cuts

Billions in operational cuts are planned across federal departments, though the government says frontline services will be protected.

7. Support for Workers

A temporary tax credit for personal support workers and other targeted credits will provide relief to essential sectors.

8. Long-Term Investments

Billions are being directed toward AI, quantum computing, and infrastructure, with the goal of boosting productivity and competitiveness.

Bottom line: The 2025 budget offers modest tax relief and targeted support for housing and students, while also signaling tighter government operations and big bets on future industries.



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