What a dream for buybacksThis has to be an absolutely perfect situation for companies that buy back their shares… Oil is cresting around $80 a barrel and share prices are dropping… All those profit dollars able to buy back shares as if we had $60 WTI pricing
I think this will remain ripe till June 25, which is the deadline for capital gains taxation at 50% before the "Peckerhead" taxation takes affect after the 25th
I think a truckload of money is leaving the Canadian stock markets and many of the overtaxed select few will be leaving this country since 90% of the taxes are probably paid by those 10%
No reason for them to stay in Canada when they can move to countries that have zero capital gains and zero dividend taxation.
I sure hope ATH is buying back everything they can between now and then.
GLTA