Tags: Prime Minister
Trudeau Government Announces Tax Hike on Wealthy Canadians in Federal Budget to Fund Housing
The new tax increase raises the taxable portion of capital gains exceeding $250,000 Canadian (US$181,000) from half to two-thirds.
Canada PM Justin Trudeau Announces $1.8 Billion Investment Package to Boost Canada's AI Sector
Much of the investment is directed towards improving Canada's computing and technology infrastructure, which will benefit AI researchers and startups.
Brexit risks at $700-mln shock to energy bills, says Amber Rudd
Brexit is expected to impact Britain's economy in a more negative way. If UK gets out of European Union (EU), it would generate $700 million (GBP 500million) gas and power bills additionally per annum. Energy Secretary Amber Rudd has cautioned that Britain's energy security at risk in the wake of Brexit.
Yen rise deflates value of Japan's exports to US
The strengthening of Yen is eroding the value of Japan's exports to the US. Its overall exports volume was flat, while the value declined over four percent owing to rising Yen.