Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
Liberal Leader and Canada's Prime Minister-designate Justin Trudeau speaks to supporters at a rally in Ottawa, October 20, 2015. (PATRICK DOYLE/REUTERS)
Liberal Leader and Canada's Prime Minister-designate Justin Trudeau speaks to supporters at a rally in Ottawa, October 20, 2015. (PATRICK DOYLE/REUTERS)

Don’t be long on TSX, loonie heading into ‘tax grab’ budget, Rosenberg warns Add to ...

Subscribers Only

Gluskin Sheff + Associates chief economist David Rosenberg has fired a warning shot ahead of the upcoming federal budget: “I’m not sure I‘d want to be long [on] the TSX or the Canadian dollar heading into March 22.”

In his “Breakfast with Dave” note Monday morning, Mr. Rosenberg suggested that the budget could have numerous implications for Canadian investors, reiterating his words from last month that the Liberals could raise the capital-gains inclusion rate as high as 75 per cent, from 50 per cent, which has been the rate since 2000.

Report Typo/Error

Follow on Twitter: @joshokane

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular