RE:BuybacksBuybacks work best when the share price is low enough that the returns on buying the shares are higher than the expected returns on other investing activities. At the present time , excessive meddling by our overly incompetent government has reduced the returns available by normal capex activities (particularly at a time of high demand and commodity prices )
My guesstimate is that as it seems increasingly likely that Trudeau will be re-elected there will continue to be a giant sucking sound on share prices. Nevertheless Capitalism always has the last laugh. This time it will be large shortages of supply and increasung commodity prices. No need for increased Carbon taxes. The market will take care of that. perhaps $2 per litre before the next election will help spare the country from further ravages by our misguided Communist wannabe!!