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MARKETS LIVE BLOG:

STOCKS PARE GAINS EVEN AS POWELL SOOTHES RATE NERVES

Fed chair: "It is unlikely the next policy move will be a hike"

PRESS DIGEST-Canada - April 18

Reuters
·1 min read

April 18 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

THE GLOBE AND MAIL

- Canada's new tax credit in the federal budget is fuelling industry speculation that Canada is close to landing a massive electric-vehicle investment by Honda Motor.

- The Council of Canadian Innovators, a technology industry group opposed to increase in capital-gains taxes, saying, it could discourage founders and tech workers from starting companies and deter venture funding by reducing the profits that investors can earn.

- The Office of the Taxpayers' Ombudsperson is reviewing whether the Canada Revenue Agency violated certain rights of taxpayers in its handling of new tax rules for trusts, which saw the agency scrap onerous reporting obligations for bare trusts just days before the filing deadline. (Compiled by Bengaluru newsroom)