36.5 BILLION GONE

[cottonpicken]

36.5 billion of market capitalization gone on the income trust thing. Surprise move on the conservatives part.

[silverback]

It has only disappeared on paper.

There has been a huge run up on trusts over the past few months that maybe wasn't justified.

I think it is a good time to buy some units (if I had some money) because there is still at least 4 years of no changes correct?

[cottonpicken]

Only disappeared on paper?

[crusher]

Now you see it, now you don't. Kinda reminds me of the PRO for CPS 2005/6. When I signed up my tonnes October 2005 the PRO was $160/tonne. The latest PRO is $145 and Kansas wheat has gone up over 50% in that time.

Yee ha!!

Sorry dinosaur directors but I'm doing everything I can to see that you are on out of here. Go Henry! Go Tom!

Sorry to get off topic cottenpicken but I CAN"T TAKE IT ANY MORE.

[silverback]

Yes, on paper.

It's only worth something if it is sold (IMHO)

[agstar77]

The market will recover but the government has done a lot of damage for no reason. They have acted irresponsibly and without a proper accounting for their actions. They will be rewarded at the next election. They could have put a moratorium on new trusts and phased the rest out over 10 years. The decreased market value of oil and gas trusts make them easy takeover targets for foreigners. American unit holders get a better tax deal than Canadians , Canadian oil and gas trusts will have a harder time raing capital to find new reserves etc. etc.

[silverback]

Or they could have leaked what they were going to do to their friends before the announcement so they could sell it off and then change their mind and leave it the way it was when everyone got upset.

[agstar77]

How do you know they didn't leak it to their friends?

[agstar77]

You might also want to check out Steve's editorial in the Oct 26 2005 National Post, to see what a good thing they have done.

[silverback]

Because they markets didn't sell off like they did before the announcement by the Liberals, that's how!

Do you remember the panic and outrage by the seniors at that time who were upset?

What did this government do for them this time? Income splitting ring a bell?

Would you like to see the corporate profit taxed at the investor level rather than corporate? Should these big bad companies pay tax or not?

Just because a tax saving idea like income trusts were invented shouldn't mean that we can't look at them and decide if that is how it should be now.