In perhaps his most disappointing policy announcement thus far, Carney has indicated he will scrap the Liberal’s plan to increase the capital gains inclusion rate. This mildly progressive measure was directed squarely at the passive incomes of the wealthiest sliver of Canadians and would have served as a healthy revenue generator. Instead, it’s destined for the scrapheap.
Problematic? Absolutely. He’s a solid Progressive Conservative, in the mold of Joe Clark and Robert Stanfield. He’s a banker, and sees continual financial growth as essential to society.
But he also knows that the way forward for our nation is to diversify our trading partners, so we can cut off the ones that don’t help us.