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Socialist NYC mayoral contender Zohran Mamdani wants to hike property taxes for ‘richer and whiter neighborhoods’

Socialist New York City mayoral candidate Zohran Mamdani wants to hike property taxes for “richer and whiter neighborhoods” in an eyebrow-raising proposal that aims to ease the burden on homeowners in the outer boroughs. The soak-the-rich proposal is buried in Mamdani’s campaign platform that calls to fix the city’s notoriously skewed property tax system, in which ritzy brownstones are hit at lower rates than homes and rentals in lower-income neighborhoods. “Shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and whiter neighborhoods,”...
Currencies

Canadian dollar outperforms eight G10 currencies as investors await BoC rate decision

Open this photo in gallery:The loonie was trading 0.1 per cent lower at 1.3725 per U.S. dollar, or 72.86 U.S. cents, after trading in a range of 1.3702 to 1.3742.Mark Blinch/ReutersThe Canadian dollar CADUSD edged lower against its U.S. counterpart on Tuesday but was performing better than all the other Group of 10 currencies, as oil prices rose and investors awaited a Bank of Canada interest rate decision this week.The loonie was trading 0.1 per cent lower at 1.3725 per U.S. dollar, or 72.86 U.S. cents, after trading in a...
Currencies

Canadian dollar outperforms eight G10 currencies as investors await BoC rate decision

Open this photo in gallery:The loonie was trading 0.1 per cent lower at 1.3725 per U.S. dollar, or 72.86 U.S. cents, after trading in a range of 1.3702 to 1.3742.Mark Blinch/ReutersThe Canadian dollar CADUSD edged lower against its U.S. counterpart on Tuesday but was performing better than all the other Group of 10 currencies, as oil prices rose and investors awaited a Bank of Canada interest rate decision this week.The loonie was trading 0.1 per cent lower at 1.3725 per U.S. dollar, or 72.86 U.S. cents, after trading in a...
Currencies

Canadian dollar outperforms eight G10 currencies as investors await BoC rate decision

Open this photo in gallery:The loonie was trading 0.1 per cent lower at 1.3725 per U.S. dollar, or 72.86 U.S. cents, after trading in a range of 1.3702 to 1.3742.Mark Blinch/ReutersThe Canadian dollar edged lower against its U.S. counterpart on Tuesday but was performing better than all the other Group of 10 currencies, as oil prices rose and investors awaited a Bank of Canada interest rate decision this week.The loonie was trading 0.1 per cent lower at 1.3725 per U.S. dollar, or 72.86 U.S. cents, after trading in a range...
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