11:07 AM EST, 01/31/2025 (MT Newswires) -- The federal government announced it is deferring the implementation of its change to the capital gains inclusion rate from June 25 of this year to Jan. 1 2026, BNN Bloomberg is reporting Friday. It noted the increased inclusion rate on the capital gains tax was initially proposed in the federal government's budget last April.

Meanwhile, Liberal leadership hopeful Mark Carney said his government would "immediately" remove the Consumer Carbon Tax, during a campaign speech in Halifax, N.S, CTV News reported. Instead, he said he will create an incentive program to reward people who choose eco-friendly options on autos and home insulation, for example. "We will get the big polluters to pay for it."

Another Liberal leadership hopeful Chrystia Freeland has said Canada should target Teslas and U.S. alcohol as part of its tariff retaliation package should U.S. President Donald Trump make good on his trade threats. In an interview with The Canadian Press, Freeland said there should be a 100% tariff on all U.S. wine, beer and spirits, and on all Teslas -- and make sure Wisconsin dairy farmers feel the pinch as well.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)