Canada's capital gains tax hike for wealthy individuals and corporations in last week's federal budget risks turning away investments from mineral...
Canada 's Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland pose for a picture holding the 2024-25 budget in OttawaTORONTO - Canada 's capital gains tax hike for wealthy individuals and corporations in last week's federal budget risks turning away investments from mineral exploration by reducing incentives, the country's leading stock exchange operator and dealmakers told Reuters.
In 2023 junior mining companies, which are still in the exploration stage, raised about C$1 billion through flow-through shares in Canada. Lithium miner Sayona Mining raised C$50 million this way for its Quebec exploration project and investors paid a 40% premium from the stock's average listed price, public filings showed.
"If not it means the likely end of more than 70% of all resource exploration in Canada," Bernbaum of PearTree warned.If You’d Invested $5,000 in Brookfield Renewable Partners Stock in 2023, This Is How Much You Would Have TodayTrump Media's DJT stock price has plunged since its SPAC merger. And it's probably going to get worse once Trump himself can sell shares.
If You’d Invested $5,000 in Brookfield Renewable Partners Stock in 2023, This Is How Much You Would Have Today
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