Invest Skeptically

Diane Francis at the National Post wrote (Dec 9) that “not a single objective announced by Flaherty and Harper was achieved” from the income trust debacle–also pointing out that Mark Carney was instrumental in the government’s policy decision. Whatever you believe about the quantum of the ‘tax leakage’ issue, the intense acquisitions in the [...]

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This is another sorry tale of the aggressive underwriting that was rampant during the Canadian income trust boom.
Barry Critchley of the National Post wrote, Investors at loss to grasp revaluation Stephenson’s Rental premium questionable, on June 4, 2007. He reports on how Scotia Capital led the IPO (and subsequently Scotiabank provided debt financing to the [...]

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This is my first blog entry and I thought I’d be a good Canadian and talk about income trusts. I came across this great summary of what trusts are all about and the necessary cautions about how they were — and are — marketed (Warning: there are many broken links on that site).
For those [...]

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