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Wall Street Futures Tick Higher as 2026 Trading Begins

U.S. stock futures moved higher early Friday, signaling a confident start to the first trading session of 2026. The gains follow a strong multi‑year run for equities and come as investors look ahead to a new year of economic and corporate developments. Dow Jones Industrial Average futures edged up, S&P 500 futures posted a modest rise, and Nasdaq futures led the early advance with a stronger uptick. The move reflects continued enthusiasm for technology and growth‑oriented sectors, which helped drive markets through much of the previous year. Despite bouts of volatility in late 2025, major indexes closed the year with solid performance, supported by resilient consumer spending, easing inflation pressures, and expectations of a more accommodative monetary environment. As 2026 begins, traders are watching several themes: the timing and pace of potential interest‑rate cuts, the durability of tech‑sector leadership, and whether gains will broaden across more industries. Early future...
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Trudeau's Resignation and CRA's Persistent Issues: A Taxpayer's Dilemma

 

The resignation of Prime Minister Justin Trudeau has thrown the proposed capital gains tax hike into uncertainty. Initially introduced in the April 2024 federal budget, the capital gains inclusion rate proposals aimed to increase the inclusion rate from 50% to 67%. However, with Trudeau's resignation and the prorogation of Parliament, these proposals are now on life support.

The Canada Revenue Agency (CRA) has stated that it will continue to apply the proposed increases even if an election is called. This decision has sparked controversy, with critics arguing that the CRA's administrative policies are not being respected. Despite the political chaos, the CRA maintains that its long-standing practice of asking taxpayers to file based on proposed legislation is proper and grounded in parliamentary convention.

The uncertainty surrounding the capital gains tax hike and the CRA's handling of the situation has left taxpayers in a difficult position. As the political landscape continues to shift, the future of the capital gains proposals remains unclear.


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