Carney Proposes Halt to Canada’s Capital Gains Tax Increase (1)

Mark Carney will scrap a proposed increase to Canada’s capital gains tax and introduce a tax cut for the middle class if he wins the Liberal Party leadership race and becomes prime minister, he said Wednesday.

Carney — the former governor of the Bank of Canada and Bank of England — also pledged to raise Canada’s defense spending to 2% of its gross domestic product by 2030, and to stimulate private investment to get millions of homes built.

But he also promised to keep the pricey social programs put in place by Prime Minister Justin Trudeau’s government, such as ...