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Canadian dollar retreats after jobs data surge


The Globe and Mail
Saqib Iqbal Ahmed
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The Canadian dollar edged down against its U.S. counterpart on Monday, unwinding some of the gains logged in the previous session, but buoyant oil prices helped keep the currency near recent highs.
At 9:52 a.m. EST (1352 GMT), the Canadian dollar was trading 0.2% lower at 1.2553 to the greenback, or 79.66 U.S. cents.
The loonie had risen 0.3% on Friday after data showed Canada added far more jobs than expected in March, bringing employment to within 1.5% of pre-pandemic levels. ....

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Rio Blanco largely prevails over gas firm tax valuation


A state board agrees with Rio Blanco County that an energy company’s gas gathering and processing personal property assets in the county are worth far more than what the company paid Encana for them and other holdings in 2017.
The Colorado Board of Assessment Appeals has decided that the assets in question, owned by Utah Gas Corp., had an actual value for tax purposes of about $29.6 million for the 2019 tax year. That’s a downward adjustment from the $32.1 million value that the Rio Blanco County Assessor’s Office had put on the assets, but Utah Gas Corp. had argued they should have been valued at $6.5 million. ....

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Car shortage, housing boom cause tax bill impact in Roanoke County and beyond


An influx of phone calls is soon expected from concerned or otherwise inquisitive taxpayers, said Roanoke County Commissioner of the Revenue Nancy Horn.
Confounded constituents bloom up each spring, when the local government mails out tax bills, Horn said. But higher than usual call volume is soon anticipated from taxpayers wondering why their car — and the tax payment they make on it — increased in value from last year, Horn said.
“Because historically, we know the automobile will depreciate,” Horn said. “That’s not the case this year.”
The sale price of newer used cars and trucks increased due to a variety of coronavirus-related factors, according to analysis from J.D. Power, a market research company specializing in used vehicles. Primarily, the coronavirus caused global supply chain and workforce disruptions, and shifted production to devices like ventilators at some large automobile facilities. ....

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