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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-...
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Zohran Mamdani Makes History as NYC’s First Muslim Mayor Amid Democratic Wave

                                        Democratic socialist Mamdani triumphs in New York mayoral race

In a groundbreaking election, Zohran Mamdani has been elected as New York City’s first Muslim mayor, marking a historic moment for representation in the nation’s largest city. The 34-year-old progressive leader secured a decisive victory over both independent and Republican challengers, propelled by strong grassroots support and a message centered on housing, climate action, and immigrant rights.

Mamdani’s win was part of a broader Democratic surge across three states. In Virginia, Democrat Abigail Spanberger became the state’s first female governor, while in New Jersey, Mikie Sherrill captured the governorship, underscoring a night of momentum for the party.

For Mamdani, the victory represents more than just a political milestone—it is a cultural and generational shift. Born in Uganda to Indian parents and raised in Queens, he has long been a champion for working-class communities and a vocal critic of establishment politics. His campaign energized young voters and immigrant communities, many of whom saw his candidacy as a reflection of their own stories.

In his victory speech, Mamdani declared: “We are breathing in the air of a city that has been reborn.” His words captured the symbolic weight of the moment, not only for New York but for immigrant and minority communities across the country.

As Democrats celebrate victories in New York, Virginia, and New Jersey, Mamdani now faces the challenge of governing a city of more than 8 million people—balancing bold progressive promises with the realities of leading America’s most complex urban center.


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