National Newswatch

North American stock markets fall on report of near doubling of U.S. capital gains

Apr 22 2021 — Ross Marowits, The Canadian Press — TORONTO — North American stock markets moved lower Thursday on a report that U.S. President Joe Biden is planning to nearly double the capital gains tax on wealthier Americans.  Markets initially welcomed lower unemployment claims and good earnings results, but fell around 1 p.m. after Bloomberg reported that investors earning US$1 million or more would […]

CP Rail facing little opposition so far to deal for U.S. railway as it shows support

Apr 1 2021 — Ross Marowits, The Canadian Press — TORONTO — Canadian Pacific Railway is facing scant opposition so far over its US$25-billion bid for Kansas City Southern in a turn of events from prior takeover efforts. Wasatch Railroad Contractors, a rail-oriented business in Wyoming, made the initial filing with the U.S. Surface Transportation Board arguing against the deal. Chairman and CEO John Rimmasch […]