👑 1. King Charles III Opens 45th Canadian Parliament Amid U.S. Annexation Remarks
King Charles III delivered the Speech from the Throne today, officially opening the 45th Canadian Parliament. This rare event, last performed by a reigning monarch in 1977, underscores Canada’s sovereignty following U.S. President Donald Trump’s recent comments suggesting the annexation of Canada. The King’s visit included traditional ceremonies and meetings with Indigenous leaders and veterans. Government of Canada
💰 2. Investors Brace for Record Canadian Government Debt Issuance
Canada is projected to surpass its previous record for government debt issuance this fiscal year, driven by delayed budget announcements and potential new spending by the re-elected Liberal Party under Prime Minister Mark Carney. The government traditionally releases its budget in April, but the current delay until the fall has raised concerns among investors about transparency and possible surprises in fiscal policy. Reuters estimates debt issuance could reach C$628 billion ($457.26 billion), overtaking the C$593 billion peak during the 2020-21 pandemic period. Analysts worry that condensed debt issuance may raise borrowing costs, especially as large bond maturities and elevated deficit spending add to the supply. Investors also note that Canada’s fiscal outlook could be affected by global trade tensions, particularly with the United States, which is Canada’s largest trading partner. Analysts are urging the government to provide timely and clear plans to ease market uncertainty. Canada’s 10-year bond yields have risen notably, reflecting investor caution amid the uncertain fiscal outlook. While Carney’s experience as a former central banker offers some reassurance, market experts stress the importance of releasing the budget earlier to better manage the impact on bond markets. Reuters
⚖️ 3. Hockey Canada Sexual Assault Trial Intensifies
The ongoing sexual assault trial involving five former members of the 2018 World Junior hockey team resumed in London, Ontario. NHL forward Brett Howden underwent an intense cross-examination as the proceedings focused on his recollection of events related to the alleged assault in hotel room 209. Carter Hart’s lawyer scrutinized Howden’s testimony, challenging his memory, particularly in light of a past head injury that may have impaired his recall. The courtroom debate centered on what Howden witnessed during the incident and the question of Hart’s consent and involvement in the matter. The trial continues to examine critical testimonies as new details emerge. The Times of India
🚆 4. VIA Rail Canada Workers Authorize Strike
VIA Rail Canada workers represented by Canadian union Unifor have authorized a strike that could come as soon as June 22, 2025. The potential labor action threatens to disrupt national passenger rail services during the peak summer travel season. Negotiations between the union and VIA Rail management are ongoing to avert a strike. Trains
🏆 5. Canadian Screen Awards Set to Honor Film and Television Excellence
The 13th Canadian Screen Awards will be presented by the Academy of Canadian Cinema and Television from May 30 to June 1, 2025, to honor achievements in Canadian film, television, and digital media production in 2024. The main gala will be held on June 1, hosted by comedian Lisa Gilroy, and broadcast live on CBC Gem. Nominees include “Universal Language” with 13 nominations in film categories and “Law & Order Toronto: Criminal Intent” leading television categories with 20 nominations.
