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Detectives pose in front of the truck used in the Toronto Pearson International Airport gold heist as they give details of the arrests made one year on in Brampton, Ontario, on April 17, 2024.

REUTERS/Carlos Osorio

Hard Numbers: Police make a golden catch, Canada hikes capital gains tax, Haiti names transitional council, Boats wait on Baltimore, Indigenous groups eye energy investments

22.5 million: Police have cracked the case of the biggest gold heist in Canadian history, arresting six people in the $22.5 million caper that involved the theft of a container at Toronto’s Pearson International Airport last year. Two of the suspects were employees of Air Canada.

⅔: No gains, no pain! Canada’s new federal budget increases the tax rate on capital gains from one-half to two-thirds for some payers. The measure, which applies to businesses and individuals whose capital gains earnings exceed $250,000, is projected to net about $19 billion over the next five years.

7: Haiti on Tuesday named the 7 voting members of a transitional council that is charged with selecting a successor to Prime Minister Ariel Henry. Henry, who was unable to return to violence-wracked Haiti following a trip last month to secure international aid, has pledged to resign once the council picks a new PM. The council’s mandate runs until 2026, but it is still unclear when it will actually take power. Last month, Canada dispatched troops to Jamaica to help train an international policing mission for Haiti.

3: After a boat crash brought down a bridge at the entrance to Baltimore’s harbor last month, interrupting shipping at one of North America’s busiest ports, the city opened two alternative shipping channels to accommodate cargo boats. Shipping giant Maersk has said those aren’t deep enough, but there is intrigue afoot: The company also said it had seen unconfirmed reports of a third channel set to open later this month that would be deep enough, and that it was waiting for local authorities to confirm. The ball’s in your port, Baltimore.

3.6 billion: The Canadian government will make available up to $3.6 billion in preferential loan guarantees for indigenous groups that want to invest in natural resources projects. Those projects could include, for example, massive energy transport projects like the Trans Mountain or Coastal GasLink pipelines, as well as a range of renewable energy projects.

A pipe yard servicing government-owned oil pipeline operator Trans Mountain in Kamloops, British Columbia, Canada.

REUTERS/Jennifer Gauthier

Will Trans Mountain Pipeline expansion pay off?

Ian Anderson started work on the Trans Mountain pipeline expansion nearly 15 years ago. The now-retired former CEO of Trans Mountain Corporation saw the project to triple the flow of crude by twinning an existing 1,150 km pipeline between Alberta and Canada’s Pacific coast through political opposition, Indigenous protests, unfavorable court rulings, and the sale by its owner, Kinder Morgan.
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