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Trump’s tax plans stall—along with growth prospects in the U.S. and Canada

In early January, President Trump restated his campaign pledge that he would cut taxes “massively.” Trump’s pledge to reduce taxes has been seen as a major factor in the increase in U.S. equity prices. From Trump’s election until early February 2017, the benchmark S&P 500 index rallied about 8 per cent.However, the return on the S&P 500 index has actually been negative from the beginning of March through mid-April, although there’s still an overall positive gain of around 4.5 per cent calculated from the beginning of 2017 through April 18, 2017.The recent behaviour of the U.S. stock market suggests that

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