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It’s possible that I shall make an ass of myself. But in that case one can always get out of it with a little dialectic. I have, of course, so worded my proposition as to be right either way (K.Marx, Letter to F.Engels on the Indian Mutiny)
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NDP Leader Jack Layton said Charest and Harper "seem to be working hand in glove to support the privatization of our health care," noting the topic didn't even come up. "There's some things going in this relationship between Mr. Charest and Mr. Harper that should concern Canadians," Layton said.
Yep, you tell em Jack.
The reckless e-mails that Scott Brison sentFor a cabinet minister, there can be no such thing as idle speculation about future tax policy. Given his earlier investment career, Scott Brison had all the more reason to realize that it was highly indiscreet to predict happier times to a displeased investment banker on the eve of an anticipated tax change.
Mr. Brison compounded his sins this week by claiming that he could not recall his Nov. 22 e-mails about the fate of income trusts -- even though that banter, written when he was still public works minister, provoked a visit from the RCMP two months ago. Then, as more details of his imprudent messages emerged in The Globe and Mail, he protested his innocence. "At the time I was reluctant to discuss what I knew to be the subject of an RCMP investigation," he argued.
Loose lips on the Street came back to bite BrisonMr. Brison denies he actually knew what was in store for trusts. Fair enough.
Intelligent people would take one look at that e-mail, and know what was coming. "Happier soon" could only mean a boost to the dividend tax credit, and no new levies on trusts. And that's exactly what the Liberals eventually unveiled.
This is the way the trust policy "leaked." The political types were giddy with good news. The Liberals had found a way to make everyone happy, and defuse an unexpected land mine. The impact such a policy might have on capital markets isn't exactly top of mind with politicians and their staff. They're focused on winning a country.
But news that the Street would be "happier soon" was transmitted loud and clear. When that information got into the hands of professional money managers, they knew exactly what to do. Hence the rally in dividend stocks and trusts in the hours before the Finance Minister finally cleared the air.