Proud Canadian CPA, Independent CFP® Professional, EPC and CEA helping families and entrepreneurs in ON and PEI increase their financial peace of mind #GETAPLAN
While Donald Trump is getting dissed by American artists such as Milli Vanilli and Brett Michaels, President Claudia Sheinbaum is welcoming U2 to Mexico to talk about what a real president does with their power. Universal healthcare and raising the minimum wage. Love it!!
American workers just took home their smallest share of the nation's wealth since 1947 — even as corporate profits soar.
Why? This chart has the answer.
BNN forever in our hearts 💕
An epic reunion to celebrate Andrew Bell and send him off into a well-earned retirement.
What we built in that newsroom transcends time and place. The friendships, the memories, and the bond we’ll always share. Grateful to have been part of it all.
P.K. Subban has fulfilled his $10 million commitment to Montreal Children’s Hospital — the largest donation by an athlete in Canadian history ❤️
A decade-long promise kept, with approximately 100,000 children helped. Respect 🫡
PM Carney: "Canada was built by Indigenous peoples, voyagers who mapped this continent and built trading networks from coast to coast to coast before, with due respect, the Americans had even left St. Louis. -- Whenever we have something over the Americans we're going to use it. I'm sorry."
The Trump administration just did a complete 180 on AI regulation.
16 months ago, Trump killed Biden's AI executive order on DAY ONE. Called AI "a beautiful baby" that shouldn't be stopped with rules.
His AI czar David Sacks went to every conference saying deregulation was the only path. JD Vance flew to Paris and told world leaders the future is won "by building, not by hand-wringing about safety."
That was the whole pitch. Regulation is for losers.
But the same White House just started briefing Anthropic, Google, and OpenAI executives on plans for MANDATORY government review of AI models before public release.
The exact policy they destroyed 16 months ago.
Fortune called it a "head-spinning policy pirouette."
So what happened?
ONE AI model happened:
In April, Anthropic announced a model called Mythos.
During internal testing, it found THOUSANDS of unknown security vulnerabilities across every major operating system and browser on earth including a 27yo bug in OpenBSD, an OS literally famous for being unhackable, and a 16yo flaw in FFmpeg that survived 5 million automated security tests.
NOBODY asked it to do any of this. The capabilities emerged on their own as the model got smarter at coding.
Anthropic's researchers said they found more bugs in weeks than they'd found in their entire careers combined.
The UK's AI Security Institute confirmed Mythos could autonomously execute multi-stage cyberattacks on networks. Tasks that take human professionals DAYS.
Anthropic refused to release it. Formed "Project Glasswing" with Apple, Microsoft, Google, JPMorgan, and 40 other organizations to use it defensively before attackers develop similar tools.
Their estimate: Competing labs will have comparable capabilities within 6 to 18 months.
That timeline is what scared Washington.
Because here's what nobody in the White House considered while removing safety rules:
What happens when a devastating AI-enabled cyberattack hits American infrastructure and the government has ZERO oversight in place?
No safety testing, pre-release review, or reporting. They literally burned all of it.
David Sacks quietly left in March. Treasury Secretary Bessent and Chief of Staff Susie Wiles took over AI policy.
They're now drafting an executive order for an AI working group that would vet models before release.
Some officials want the government to get FIRST ACCESS to new models. The same government that said 16 months ago it had no business being involved.
But here's where it gets really insane:
The company that triggered all of this was BANNED by the Trump administration from government contracts. Labeled Anthropic a "supply-chain risk." They tried to punish them for refusing to let their AI target US citizens autonomously.
Anthropic is currently fighting the Pentagon in federal court.
So the timeline reads like this:
January 2025: Trump kills Biden's AI oversight.
July 2025: Calls AI a "beautiful baby," signs orders to fast-track AI with zero safety guardrails.
March 2026: Bans Anthropic from government work.
April 2026: Anthropic's Mythos demonstrates it can hack every major OS on earth.
May 2026: Same administration rebuilds the oversight it destroyed BECAUSE of the company it banned.
This is what happens when ideology meets reality.
Every government told itself AI regulation could wait. Mythos proved them wrong overnight.
Open-weight models with similar capabilities are even closer. Once those tools are in the wild, no executive order puts them back.
‘I’d have to move to Chile’: Tibbits once dismissed massive retirement payout as ‘ludicrous’ - new story from Robert Williams at the @WR_Record on the ongoing controversies at #conestoga college
#onpse#cdnpse https://t.co/UAPAX88Ouh via @wr_record
The leadership of Conestoga College abandoned any semblance of values regarding higher education, care for the surrounding community, & the benefit for the students (domestic & international) & they deserve every punishment & criticism they’ve received & hopefully more than that. All 3 major provincial parties in Ontario should demand a criminal investigation & from all the conversations I’ve had from people who know what they did to swindle students & spend public $ - it would be merited.
There’s a lot easier explanation re: physics & basketball for Kawhi’s shot going than this one. This is supernatural. Not sure we’ve ever seen a playoff game-winner like it.
CANADA: Our Prime Minster studied at Oxford and Harvard, was the Governor of both the Banks of England and Canada, and is recognized as one of the sharpest financial minds around.
AMERICA: oh yeah? Our guy passed THREE dementia tests.
(Allegedly)
@BNNBloomberg He made finance more enjoyable to follow. We loved that he asked the questions the curious wanted answers for. Wishing Andrew many years of successful well earned retirement. ❤️🇨🇦
In a positive sign, Canada’s growth came from the private sector. The public sector contracted 0.3% in February, with public administration down 0.5%, and education services down 0.5%. Given that much of Canada’s growth has been dependent on government spending, which is inherently less efficient than private sector expansion, this is a trend worth watching. Canada must generate private sector growth to achieve true productivity growth and avoid reliance on deficit spending.
@paulbagnellBNN@BNNBloomberg His good humour, insight and knowledge will be missed greatly. Doesn’t seem right that he should retire during the biggest oil crisis of our lives. Maybe you can interview him weekly?
Updated based on feedback: Here’s a complete chart showing cumulative TFSA contribution room for 2026, organized by birth year and age, and now including Canadian tax residents who became eligible after arriving in Canada.