Breaking down the capital gains tax fight

Toronto-St. Paul's had been a Liberal seat for more than 30 years. Not anymore. In the early hours of Tuesday morning, the Conservative candidate pulled off the upset and sent shockwaves through both parties, and the public. How did they do it?Everyone knew the Liberals, as well as Justin Trudeau, were unpopular—but if any riding was supposed to be safe for them it was this one. Now any sense of safety is out the window, and everyone wants to know what happens now...GUEST: Stephanie Taylor, Parliament Hill reporter, The Canadian Press We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

There's a record number of Toronto condominiums on the market right now, and despite record immigration, and an ever-worsening housing crisis, nobody seems to want to buy them.So how hard is it to offload a condo in one of North America's hottest property markets? What happened to all of the motivated buyers? And what does the trend say more broadly about the state of Canadian real estate? GUEST: Diana Zlomislic, Housing reporter for The Toronto Star We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

All NATO members are required to spend the equivalent of 2% of GDP on their military, and Canada has always fallen short of that benchmark. But now, more frequent domestic crises, mounting geopolitical turmoil, and harsh rhetoric from south of the border, may mean that it's time to put up or shut up when it comes to military spending. So where do the biggest gaps in our capabilities exist? How difficult will it be to remedy them? And what sort of military do we as Canadians actually want? GUEST: Matt Gurney, Columnist, Co-founder of The Line We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

On what is a sweltering weekend across much of Canada, we thought we'd revisit an episode that takes place in cooler climes. It's the quirky story of how a war fought using bottles of whisky led to the establishment of Canada's first and only land border with Europe. Enjoy! -----------------------------------------------------------ORIGINAL SHOW NOTES:50 years ago, a dispute arose between Canada and Denmark over Hans Island, a piece of land that exists almost exactly halfway between the coast of Nunavut and Greenland, a Danish territory. The island holds value as a hunting ground for local Indigenous populations, but holds no strategic or economic value for either nation. And yet, for five decades our two countries were unable to reach an agreement over ownership of the island. Canadian and Danish troops would, reportedly, exchange bottles of booze with one another, which is why the conflict is sometimes called the 'whisky war'.Recently, Canada, Greenland and Denmark reached an agreement that brought the conflict to the close. Essentially, they drew a line down the middle of the island, thus creating the first land border between Canada and Europe. So what does that actually mean in a geopolitical sense? Why did it take half a century to come up with a solution that sounds like it was written by a third grader? And as wider swathes of the region become accessible due to climate change, could the resolution serve as a framework for future Arctic diplomacy? GUEST: Martin Breum, Danish journalist and Arctic expert. We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

This month, schools across the country will be closing for the summer. And the kids? Well, their parents will have to figure out what to do with them. Nowadays, there's a lot of pressure to register kids for expensive camps and classes, but is all that really necessary? Can the kids just do nothing all summer? Jordan speaks with Alyson Schafer, one of Canada's leading parenting experts, to find some affordable ways to make sure the kids are safe and occupied this holiday. Here's a link to the episode about having kids! Do you have a money problem? Call us and leave a message at 416-935-5935. Or email us at [email protected]. You can also find us on Instagram and TikTok @InThisEconomyPod. Don't forget to leave a call-back number, so we can get in touch. We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

For decades, the sight of a bald eagle anywhere near Southern Ontario was basically an impossibility. The species has nearly been extinguished twice in the past century, and while many of the majestic birds had bounced back on the west cost, there simply weren't enough of them around the Great Lakes to sustain a population boom.Over the past few years, slowly and carefully, and with plenty of help from dedicated conservationists, that's changed. There are even bald eagles nesting in Toronto. How did it happen? And what can it teach us about preserving iconic species in the years to come?GUEST: Emma McIntosh, Ontario Reporter, The Narwhal We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

The Liberals say their changes to the capital gains tax mean that Canada's ultra rich will pay a little more, money they can easily afford. The Conservatives say the Liberals are taxing small business owners and Canadians already struggling to get by. Who's right? What if they both are?The changes to the tax were bound to become a political football: A complicated tweak to an existing tax that can be easily spun by either side of the aisle. So who will it really hurt? Will it help? What do you need to understand before you panic sell the family cottage?GUEST: Laura Dhillon Kane, Ottawa bureau chief, Bloomberg News We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

A few weeks ago, temperatures in India blasted past 50 degrees Celsius. Currently much of the United States and parts of Canada are in the grip of a heat dome that could shatter records. Summer's hot, and heat waves happen. We know this. But if a heat wave is a period of time with temperatures above normal, and the "normal" temperature keeps rising...What do the heat waves of the future mean for us? What exactly is a "wet bulb" measurement? Which parts of the world can withstand the heat to come, and how can we prepare the ones that can't?GUEST: Dr. Kent Moore, professor of atmospheric physics, University of Toronto We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

Typically, a broken water main does not plunge a city into weeks of critical water shortages and a state of emergency. But the pipe that broke on June 5 wasn't a typical water main. Now, almost two weeks later, the city is estimating another three to five weeks for full repairs, and until then Calgarians are under water restrictions.How did the break happen, and could it have been prevented? Why will repairs take so long? What might happen if the city gets close to running out of water? And will the Calgary Stampede, due to start on July 5th, still go on as scheduled?GUEST: Kerry Black, Assistant Professor and Canada Research Chair, Department of Civil Engineering, University of Calgary We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter

Richmound, Saskatchewan thought they'd have seen the last of the so-called "Queen of Canada" by now. It's been almost a year since Romana Didulo and her followers moved into an empty school in the tiny prairie town. And they're still here.Nearly a year of living next door to a dozen or more conspiracy theorists who promise public executions does some strange things to a small community. When everyone knows everyone, and everybody has to pick a side, what happens? Nothing good.GUEST: Rachel Browne, investigative journalist (Read Rachel's story in The Walrus.) We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at [email protected] Or by calling 416-935-5935 and leaving us a voicemailOr @thebigstoryfpn on Twitter