RY and a majority winEnough props to Gord Nixon for pulling the bluff on Goodale and sticking it to him like the b*tch he is over income trust taxation - only to parlay us all a dividend tax cut. (Ralph's buddies at Greystone Capital feeding him advice ensured Liberal lambs to slaughter over this portfolio issue - Nixon can't take all the credit but he's my new hero).
(golf clap)
Another minority will bode well for RY as it ensures we never get to the thorny issue of bank mergers (and a big C win will mean surtax break)... but a majority win for either party might be a sell signal as RY arms itself for mergers !
IMHO of course.
PS - Look to a split only once long moving averages are over $100