Page 2 - John Ruffolo News Today

(Bloomberg) -- A prominent Canadian technology investor joined the chorus of Canadian businesses criticizing Prime Minister Justin Trudeau’s decision to raise the capital-gains tax, arguing it will cause capital flight from the country. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsBiden’s New Chopper Is ...

This morning, Finance Minister Chrystia Freeland met with Canadian tech leaders to discuss the capital gains tax hikes, which have fuelled widespread backlash.

Critics say the increase will dampen profits for those selling businesses, disincentivizing startups in Canada at a time when productivity is dropping

Plus: CDPQ quietly shutters $250-million D&I fund.

Canada’s tech sector could be poised for a recovery if interest rates do drop, but the playbook is much different this year for founders and investors

Plus: Even more #CDNtech CEO turnover.

What to watch for in the coming months

Neurosurgeons are optimistic that promising new treatments — including a microsurgery technique pioneered in Toronto and brain implants that let a paralyzed man walk — will soon help more people with spinal cord injury regain their mobility and quality of life.

John Ruffolo is founder and managing partner of Maverix Private Equity and vice-chair of the Council of Canadian Innovators. I am not an economist nor profess…

Why have central banks, particularly in the U.S. and Canada, set a 2-per-cent target?