RE: barely any offersHere is another thought....
The superficial loss provisions of the Canadian Income Tax Act prevent someone from crystalizing a loss if they sell the shares and buy them back within 30 days. Therefore, although some people may want to be selling for tax loss purposes, they would have to do so now if they want to be back in RGZ for January....We may be seeing some early tax loss selling to avoid the superficial loss provisions of the ITA.(section 40(2)(g)(i)). However, the volume doesn't indicate this to be the case.