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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Taikun who wrote (51792)7/25/2004 7:12:34 AM
From: Seeker of Truth  Read Replies (1) of 74559
 
Taikun, you are right, I was wrong, about Alberta. Indeed they have passed the legislation. As for Ontario, it's still up in the air. The Conservatives also introduced such a bill but they did not take any action to pass it. I personally find it a non issue. But I have seen some mutual fund managers quoted as saying it mattered to them and they wouldn't touch any trust until the thing was clarified. Actually it's still a bit muddy. A trust is headquartered in Alberta. If it goes belly up can an Ontario creditor sue the Ontario unitholders? Very moot and most unlikely even if, as I expect, Ontario does nothing about the bill.
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