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Source: Financialpost April 18, 2024

Why big banks and pension giants are likely breathing easier after the Liberal budget

Ottawa lays out next steps for competitive open banking and persuading pensions to invest more of their billions at home Get the latest from Barbara Shecter straight to your inbox Sign Up Businesses and wealthy Canadians will be paying higher taxes bu...

Source: Financialpost April 18, 2024

Bjorn Lomborg: Why solar and wind power aren’t winning

All-in costs too high once you count fossil fuel and battery backups, land requirements and damage their equipment doesWe are constantly being told that solar and wind are now the cheapest forms of electricity. Yet governments around the world felt they had...

Source: Financialpost April 18, 2024

'Very troubling for many investors': Bill Morneau takes aim at capital gains tax hike

Rejected idea when he was finance minister on worries move would stunt Canada’s economic growthReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on t...

Source: Financialpost April 18, 2024

Jack Mintz: David Dodge wasn't wrong, this federal budget is 'one of the worst in decades'

Chrystia Freeland's budget fails to address the biggest problem facing Canada — our declining standard of livingDavid Dodge, former deputy finance minister and governor of the Bank of Canada, said before the 2024 federal budget was presented that it would “l...

Source: BNN Bloomberg April 17, 2024

Markets today: U.S. two-year yield hits 5% after Powell’s remarks

  The world’s biggest bond market remained under pressure, the dollar rose and stocks wavered after Jerome Powell signaled policymakers are in no rush to cut interest rates. Speaking Tuesday, the U.S. Federal Reserve chief said it will likely take longe...

Source: BNN Bloomberg April 17, 2024

Canada taps ex-BOC governor to examine how pension funds invest

Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country. Poloz will lead a “working group” that will look at what it will take to get Canadian pensions to put...

Source: Financialpost April 17, 2024

Canada's capital gains tax hike another blow to productivity, say economists

'With this budget, the Trudeau government is shooting us in the foot'Finance Minister Chrystia Freeland delivered a federal budget Tuesday that keeps the deficit capped at $40 billion, but introduces new taxes that largely offset billions in new spending. He...

Source: Financialpost April 17, 2024

Ottawa hikes capital gains tax to raise billions for housing

Will tax companies on two-thirds of their capital gains, up from half currentlyReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Canada...

Source: Financialpost April 17, 2024

Canada budget 2024: The key highlights

From housing to taxes to health care, here's what you need to know in a hurryOTTAWA — Finance Minister Chrystia Freeland introduced the 2024 federal budget on Tuesday. Some key highlights: We apologize, but this video has failed to load. Try refreshin...

Source: Financialpost April 17, 2024

‘Welcome news’ on inflation raises odds Bank of Canada will cut interest rate in June

Cooling core inflation strengthens case for interest rate relief, say economistsCanada’s inflation rate picked up slightly in March to 2.9 per cent from 2.8 per cent in February, Statistics Canada said Tuesday, but the consumer price index (CPI) release sugg...