Business and Investing Stories for Jan. 5

Major U.S. banks quit climate alliance, Canada’s factory activity rises and personal finance changes in 2025 are the top business and investing stories for Jan. 5. Capital gains, tax bracket adjustments and new rules for down payments and mortgages are just some of the biggest changes in personal finance coming in 2025.

The federal government’s move to raise the capital-gains inclusion rate hasn’t yet passed into law due to political turmoil in Parliament, but the Canada Revenue Agency (CRA) is advising Canadians to file their taxes based on the proposed tax changes. Additionally, all five federal income tax brackets have been adjusted for 2025 to keep up with inflation – rising by 2.7 per cent for 2025, compared with an increase of 4.7 per cent for 2024. Over 14 months in Canada, 29-year-old Hichem Nasri held cleaning jobs at a transportation company, an oil refinery, a bank and a Canadian Tire store. Mr. Nasri, who came to Canada from Tunisia as a cleaner, said he experienced racism and financial abuse in multiple jobs as a temporary foreign worker, calling it a “hell I don’t want to ever go through again.” He spoke with reporter Vanmala Subramaniam about his experiences in Canada and not being paid on time, poor treatment by employers, and injuries on the job. “This whole year was a waste of my time and money,” he told The Globe. “Why would I choose to be disrespected?”Hichem Nasri, a 29-year-old from Tunisia, calls his year-long experience navigating the Canadian workforce as a temporary foreign worker 'a hell I don’t want to ever go through again.' Canada entered the new year standing out in a world of manufacturing gloom

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What is the biggest risk to Canada’s economy right now? Take our business and investing news quiz for the week of Dec. 13Take our business and investing quiz to test your recall for the week ending Dec. 13
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News Roundup: Multiple Stories on Crime, Politics, and BusinessThis news roundup covers a variety of stories including a suspected murder in New York, China's increased military activity, a domestic violence case in Utah, Elon Musk's criticism of government spending, and political developments in Canada.
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Canada Post strike continues, Canada’s unemployment rate jumps and Air Canada’s new carry-on fees: Business and investing stories for Dec. 8Plus, a breakdown of the big Canadian banks’ fourth-quarter earnings
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Ottawa intervenes in Canada Post strike, Bank of Canada delivers a cut and the 100 most livable cities: Business and investing stories for Dec. 15Plus, Canadian households are coping with their debt loads surprisingly well
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The Globe’s most-read business and investing stories of 2024: TD Bank’s dirty laundry, Ottawa’s immigration cuts and Canada’s most livable citiesThe stories that resonated with readers in 2024 included everything from immigration to capital gains taxes to affordability and more
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