TSX today: Index down in early-afternoon trading
BNN Bloomberg
Canada's main stock index was down about 100 points in late-morning, weighed down by losses in the energy, base metal and utility sectors, while U.S. stock markets also retreated.
The S&P/TSX Composite Index was down 103.11points (0.51 per cent) at 20,280.66.
In New York, the Dow Jones industrial average was down 265.05 points at 34,081.98. The S&P 500 index was down 33.98 points at 3,992.14, while the Nasdaq composite was down 85.16 points at 11,141.20.
The Canadian dollar traded for 74.39 cents US compared with 74.76 cents US on Friday.
The federal government announced intentions to raise the inclusion rate on capital gains taxes for corporations and individuals earning beyond a certain threshold, which will impact wealthy individuals who are benefiting from tax advantages not available to middle class Canadians, according to the Budget 2024.