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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (10219)	8/20/2006 5:15:27 PM
From: Ichy Smith	Respond to of 37515

When money comes into the country, to buy say Brascan, there is money coming in to the country, but when the stockholders go to buy a company of the same quality as Brascan, we have fewer of them. So the money is invested outside the country. Personally I like income trusts, some of them have made a lot of money. But people like teachers or the Canada Pension Plan can't buy income trusts in the quantities they need without making the price skyrocket. So that money will have to be invested outside the country. I think the problem is that there is more to invest, than there are good quality companies to invest in.... Look at companies like Kasten Chase that were media darlings and are now bankrupt.... Anyway it doesn't matter the money I am responsible for is either going or is already in income trusts or it is going out of the country.... I have been concerned for a year or so about the loss of head offices in Canada, maybe i am just worrying too much, but so many of the companies i used to own, have been taken over by non Canadian companies.