Toronto Stock Exchange :Royal Bank of Canada. . Finance. Up 22 cents, or 0.17 per cent, to $133.52 on 8.0 million shares.First Quantum Minerals Ltd. . Mining. Up $1.31, or 8.86 per cent, to $16.09 on 5.6 million shares.Toronto-Dominion Bank. . Finance. Up 57 cents, or 0.73 per cent, to $78.85. TD Bank chief executive Bharat Masrani said he hopes to be able to say more soon on the investigation into the bank's anti-money laundering measures.
OTTAWA — Canada's wealthiest individuals and corporations will soon pay taxes on a larger share of the capital gains they earn, a change that economists say will make the tax system more efficient, despite pushback from business groups. The federal budget presented Tuesday proposes taxing two-thirds rather than one-half of capital gains — which refers to profit made on the sale of assets.
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