TSX slips 0.4% as Carney’s expanded tax writeoff gets muted reception

The muted reaction suggests the expanded writeoff is being read as too broad or too late to shift near-term earnings expectations, with the index's decline led by sectors outside energy. The policy's practical value likely hinges on whether it changes actual capital spending decisions rather than optics around the investment summit. Whether energy's relative strength persists as the only green sector, and whether the summit produces concrete commitments rather than announcements, are the open questions worth tracking.