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

To: trustmanic who wrote (2371)	12/26/2001 6:59:13 PM
From: bill	Read Replies (1) \| Respond to of 11633

Yes, the money being spent on retail is down. Probably worse here in BC than most places. I just read about a guy who has worked in forestry losing his house. BC is all about rocks and trees and when there's no markets for those, then we're in trouble. Hard to know, though, from anecdotal evidence. Also, the economy has become very regional. We depend very heavily on tourism. Some motels are advertising rooms for 29.95 Canadian. I'm not sure what that translates into in american dollars but it isn't much. A couple of years ago you couldn't talk to anybody for under a hundred bucks. All the signs said full. Now they've all got rooms available. I've been looking at hotel rates in New Orleans for March and I've been quoted 120.00 US. That is around 180.00 Canadian. Bruising. Four days in New Orleans at 720.00 CAN as opposed to four days here for 120.00 CAN. I thought about going down to A&B sound for their yearly blowout sale on electronics and music. Decided against it because people usually start liningup at midnight. Probably should have checked it out. The lineup may not have been so long today. Seemed more like a day for a glass of brandy in front of the fireplace.