Canadian Banc Corp T.BK

Alternate Symbol(s): CNDCF | T.BK.PR.A

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.

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Canadian Banc Corp > Canada not in great shape

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Comment by mousermanon Oct 31, 2024 9:39am

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Post# 36290435

RE:RE:RE:RE:RE:RE:RE:RE:Canada not in great shape

flamingogold wrote:
Airbus and Boeing are heavily funded by their governements. In Canada we eat our own.

mouserman wrote:
flamingogold wrote: I agree with you, but unfortunately Canadians vote for governments offerring handouts than the hard sacrifices needed for R&D to be a global competitor. Let's take Bombardier for example, I know that name stirs up a lot of hate and despise but Bombardier was working to be the third player in commerical jets behind Airbus and Boeing. That takes a lot of money but Canadians don't want to support their own. BBD made a comeback on their own accord but had to sell their commercial jet and public transportion divisions. A loss for all Canadians.

WinterBaron wrote: The "Not in Great Shape" comments are 100 % fo cused on Canada's fiscal and economic realities.
Absolutely zero to do with social and life style conditions.
Those comments and others like them can't be ignored any longer.

Our international competitiveness has declined terribly in the last 10 years or so along with worker productivity (ranked 28 or 29 out of 30+ OECD countries.)
Our public service accounts for much more of Canada's total payroll as a percent than is the case with most, if not all, of those other OECD nations.
Much as some wish differently, it is impossible to publicly spend our way to fiscal health.
Much more must be directed toward R&D, Industrial use of our own resources and less to government/ quasi government entities.

Finacial post had a very different take on the Bombardier history about 5 years ago. Wasnt pretty, but harsh reality.
https://financialpost.com/diane-francis/secretive-edc-has-helped-fuel-the-serial-subsidization-of-bombardier-the-gravy-train-must-end