3 ms·
That's because all of our non-resource companies are either: 1. American / international subsidiaries. 2. Mid-sized CCPCs. 3. Owned by private equity firms. I
by 3pt14159 11y ago
That's because all of our non-resource companies are either:
1. American / international subsidiaries.
2. Mid-sized CCPCs.
3. Owned by private equity firms.
I agree that Canadians do not allocate their retirement savings correctly and that our stock market is not a reflection of our economy, but our government has common sense measures to support a variety of industries.
- cmrdporcupine 11y agoThe gov't was giving preferential tax treatment to resource extraction and deliberately dismantling the regulatory environment around them. Basically extending what the Alberta provincial gov't has done for decades out to the rest of the country. A high dollar also favoured those industries against all others. Not sure if the feds could have done anything about the high dollar, but it certainly choked everywhere outside of the resource sector. A low dollar combined with high investment in education makes Canada a good place to invest to get high skilled talent cheaper. Many American tech companies did this around 15 years ago, I worked for a couple -- marketing/sales HQ'd in the US, engineering talent in the GTA.
- eigenvector 11y ago> A high dollar also favoured those industries against all others. Er, oil is priced in USD and exported from Canada. A low dollar favours oil production just as much as any other export.