Avery Shenfeld, CIBC’s Chief Economist, discusses planned actions on climate change and a proposed tax on high income earners.
Banks, insurers and green energy companies may be affected by new policies.
Investors may see two Fed hikes next year.
Damage from Delta may be limited, economist says.
As with everything in the pandemic economy, inflation is hard to predict.
Canadians may need to adjust their attitudes about home ownership.
"Today’s 2021 budget was the first federal budget we’ve had in over two years," says Jamie Golombek, CIBC’s Managing Director, Tax and Estate Planning. Many items that had worried Canadians such as an increase in the capital gains inclusion rate, a tax on principal residences and a wealth tax were all absent, he adds.
The long-awaited document has "something for everyone"
Financial fallout has affected women most
Plan for a gradual increase in interest rates, chief economist says.