Quote:
Originally Posted by PsYcNeT
Still wondering where the miracle is coming from. Certainly not the Wildrose rejects that couldn't even draft a budget 4 years ago.
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I think a few things give hope for change for the better
1) people will be more positive about the economy in the short term. Consumer confidence improves economies at least in the short term
2) They will hold the line on new spending. I’m not expecting miracle cuts but we won’t see ambitious programs over the next 4 years.
Also calling these guys Wildrose rejects isn’t exactly fair. 50% wild rose rejects would be more appropriate.
My bigger fear is that the killing and fighting of the Carbon tax is going to create regulatory uncertainty and decrease spending. All Capital projects will still include a Carbon Tax in their economics based on the federal costs. Any capital that was being proposed to be spent on CO2 reduction will now be deferred as the savings of such a project aren’t guaranteed.
So we still have the negative affects on investment day 1 and eliminate the potential benefits in attacking the problem