RHammer'

Agree to an extent.

Housing prices have already begun to sink almost everywhere in this country as well and the Banks have yet to lower their Interest Rates after the Bank of Canada lowered the Bank Rate last Fall/Winter. And a few weeks ago they actually ALL Raised their Mortgage Lending Rates sharply. And in the face of declining Housing Prices. While doing this they continue to write off ALL their bad loans due to exposure to the MESS in the US. Thus, they are putting the screws to Canadians to help them keep showing profits while Writing off large chunks of Bad Credit acquired out side the country. Thus, we are subsidizing them on their bad Investment decisions!

Manufactures are being squeezed by these same Banks as well. The only real Big Business that is making an unreal profit are the Regulated Telacommunication Companies and Major Oil Companies. The Flathead Trick two years ago on Halloween effectively cut many Retirement Savings accounts and many of the Trusts that are/were dependant on Entrepreneurial Expertise in Financing and exploring in the O&G sector will eventually be gobbled up by the Few Real Big Producers cheaply. So, yes there will be capital inflows into this country but it will be largely coming from but a few Very Large Milti Nationals who will be loking to grab many of the Distressed Local Entrepreneurial Junior O&G and now increasingly more so the Mining Boys will be looking to do the same in the Junior Minerals exploration Sector if the Next Canadian Federal Government does not reverse course and begin supporting the Entrepreneurial Locals.

And if the next Government does not learn to be Citizen concerned the Housing Market in places like Calgary will look much like it did in the Spring of 1981. Exceedingly UGLY!!!

So, yes, Canada has the room to do some smart things! We just need a Government with the REAL Smarts FOR ALL Canadians, and not for just a few Back Room Chronies and their International Multi national Owners.

Old Joe