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Market Impact: 0.5
Carney Expands Business Tax Break to Broad Range of Investments
Source: Bloomberg
Tax & TariffsFiscal Policy & BudgetEnergy Markets & PricesCommodities & Raw MaterialsInfrastructure & Defense
Canadian Prime Minister Mark Carney expanded accelerated investment tax deductions to include oil and gas pipelines, mining property and additional assets. The measure lowers the effective cost of capital for energy, infrastructure and mining investments, supporting capital spending and project economics in key Canadian resource sectors.
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