Investors pick Canada
Investors are pouring more money than ever into Canada, drawn by earnings growth that almost equals China's and shares trading for 17 per cent less.
International funds pumped in $2.7 billion in the past year as analysts forecast companies in the Standard & Poor's/TSX Composite Index will boost profits 42 per cent and pay the best dividends relative to global equities on record. The market value of Canadian stocks has risen the most among the 15 biggest nations this year. Prices rose 2.8 per cent and the Canadian dollar is up 3.6 per cent
It's proof the Harper government has steered us through the economic storm fairly well and investors are finding Canada a a safe haven in which to invest Our economy is stable and doing better than most. Our currency is strong. Our deficit and debt even though too big in my opinion, is still a lot less than in the US, UK, Greece, Japan, etc. So I say to investors, keep on investing. Good for us, maybe not so good for other jurisdictions though.
Why is the media not widely reporting this? Another case of I suppose, if they can't find a scandal in it to try and tar the Harper government with, they'll ignore it. Also because it's not a Liberal or a Coalition of the Losers government that is responsible for creating the environment in which investors want to invest here. A Liberal or Coaltion of the Losers government would have actually been a disaster for investors.
I would hope the media would give credit where credit is due but not holding my breath.
Update: GM pays back government loans. h/t BlueDog
DETROIT (AP) -- General Motors Co. has repaid $8.1 billion in loans it got from the U.S. and Canadian governments, a move its CEO says is a sign automaker is on the road to recovery