keaimato

Canadian, U.S., and international politics; and life in general. Heck, whatever strikes my fancy...

Thursday, November 24, 2005

Getting it right

It's rare, but it does happen.  Sure it takes an election for the Liberals to cut taxes and make good economic decisions, but it's something.  Maybe we need elections every two years...

The Canadian stock market hit its highest level in more than five years Thursday, led by dividend-paying stocks, after Ottawa said it will level the playing field with income trusts by cutting taxes on corporate dividends. Income trusts also soared....

"In a fit of wonderful, capitalist common sense, the government has gone and done the far better thing and has levelled the field by bringing the taxes on all other dividend income down," said Dennis Gartman, author of the popular Gartman Newsletter.

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