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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (2005)	11/19/2001 12:46:05 AM
From: bill	Read Replies (1) \| Respond to of 11633

Yes, the BC economy has tanked. Don't know if it is fair to blame the NDP or whether it would have tanked anyway. Japan is big buyer of wood. Japanese economy is so bad that lumber/wood imports have fallen off. At one time there was a booming gold rush market in herring roe. Japanese buyers were taking fast boats out to the fleet and throwing brief cases on board the herring boats and saying, "I buy everything." That's disappeared. The Japanese were big buyers of coal. May still be but if so you don't hear about it. There was a rush to buy property in BC from Hong Kong when the communists took over but a lot of those people sold their property at a loss and went back when they realized you could still make a lot more money in HK than in Canada. The tourism industry has taken a hit since Sept. 11. The NDP were opposed to mining (minerals, oil)and the amount of money spent on exploration has dropped in a big way (I don't want to debate whether they were right or wrong. They're no longer in power. The Liberals have taken over and they may change the policy but they may also find there are more constraints than they first thought.) Given the drop in price of oil and minerals,it may not matter. But, yup, times are tough in lotus land. Keep your poor and weak and send us your wealthy retired. We need them.