Italy Cuts Income Tax While Limiting VAT Increases

Prime Minister Mario Monti’s government announced a tax cut for the lowest income levels to compensate Italians for a planned increase in value-added levies next year as part of its 2013 budget plan.

Inflation Paves Way for More Canada Rate Hikes
26:30 - Canadian government bond yields spiked and the loonie strengthened for a fourth day, as today's economic data paves the way for another Bank of Canada interest rate hike this year. RBC's Deputy Chief Economist Dawn Desjardins joins Bloomberg TV Canada's Lily Jamali to discuss her outlook. (Source: Bloomberg)
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