The 2023-24 Canadian budget, presented by Finance Minister Chrystia Freeland, includes a proposal to boost the inclusion rate on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and trusts from one-half to two thirds. This measure aims to increase tax revenue from capital gains and address income
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Morgan Stanley, the renowned financial institution, reported exceptional results in the first quarter of 2022 that surpassed analysts’ estimates. The company outperformed in terms of both profit and revenue, demonstrating the strength of its wealth management, trading, and investment banking divisions. Earnings per share stood at $2.02, significantly higher than the anticipated $1.66, while revenue
The XAU/USD gold chart today indicates that the historical record price of the metal is above USD 2,400 per ounce. Geopolitical tensions, such as active military conflicts and the threat of new ones, have contributed to the surge in gold prices. Fears of inflation and economic instability due to rising commodity prices have also played
The recent data on new home prices in China has shown a significant decline, with prices dropping at the fastest pace in over eight years. This downward trend can be attributed to the debt issues faced by major property developers, which have had a negative impact on demand and the overall economic outlook in the
The NZD/USD pair has been on a downward trend, reaching levels near 0.5880 during the Asian trading session. This decline can be attributed to investors seeking safe-haven assets like the US Dollar amid escalating tensions in the Middle East. Traders are closely monitoring Israel’s response to Iran’s recent airstrike, which has added to the cautious
The EUR/USD pair has experienced a significant decline below the key support level of 1.0780, indicating a shift in market sentiment. This downward movement was further exacerbated by the breach of a crucial bullish trend line with support at 1.0850 on the 4-hour chart. The escalation of geopolitical tensions, specifically Iran’s launch of more than
The recent retaliatory attack by Iran on Israel has sent shockwaves through global markets, with Asian shares plummeting and gold prices surging. The fear of a broader regional conflict erupting in the Middle East has left traders on edge and uncertain about the future. The dollar has reached a 34-year high against the yen, reflecting
Investors should pay close attention to the Bank of Japan’s commentary as a response to the escalating tensions in the Middle East. The central bank’s reactions to the rising threat of a prolonged conflict in the region could have a significant impact on the financial markets. Any statements or actions taken by the Bank of
West Texas Intermediate (WTI) crude oil prices have started the new week on a subdued note, failing to react significantly to Iran’s attack on Israel. Despite Iran launching explosive drones and missiles at Israel over the weekend in retaliation for a suspected Israeli attack on its consulate in Syria, the market remains relatively calm. This
The inflation figures released on Friday will play a vital role in influencing the Bank of Japan’s rate path. It is anticipated that service sector-driven inflationary pressures could potentially prompt discussions about the timing of an interest rate hike. Economists predict that the annual inflation rate will hold steady at 2.8% in March, while core
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