Boom Times For Canadian Capitalism

Posted on Tuesday, November 14 at 12:17 by eugene
Never in the 29-year history of the TSX composite have we witnessed a streak like this. (The closest thing to it was in the late 1970s oil and gold boom.) Perhaps it will continue, even in the face of a slowdown in the United States, and maybe 24-per-cent profit gains can be sustained for a long time to come. But then, there are also people who believe in Martian invaders, unicorns, and Jeb Bush for President in 2008" So ask yourself why the government is planning this..."Flaherty plans eventual cut to capital gains tax" And don't cry me a river about how Canadian manufacturers are losing money and being forced offshore, they were doing that before the Loonie rose. Like Gilden which offshored its T-Shirt manufacturing into Haiti. "Manufacturers in Canada have been hurt by a rising currency and competition from cheaper rivals in Asia. The Canadian dollar has gained about 38 percent against the U.S. currency in the past four years. That's prompted exporters such as T-shirt maker Gildan Activewear Inc. and packaging producer Norampac Inc. to shut Canadian plants this year because the facilities had become too costly to operate." And despite Gilden Active Wear (GIL) claiming to be hurt by the Canadian dollar it is not. As one investment newsletter points out it is a good investment; "In the apparel sector, Gilden Activewear (GIL), a maker of tee shirts, has sprinted from 15 two years ago to 46" Another investment newsletter points this out about sweatshop Gilden; Gilden Activewear (GIL)—Up 157% in 367 days

Note: http://plawiuk.blogspot...

Contributed By


Article Rating

 (0 votes) 


You need to be a member and be logged into the site, to comment on stories.

Latest Editorials

more articles »

Your Voice

To post to the site, just sign up for a free membership/user account and then hit submit. Posts in English or French are welcome. You can email any other suggestions or comments on site content to the site editor. (Please note that Vive le Canada does not necessarily endorse the opinions or comments posted on the site.)

canadian bloggers | canadian news