Quote:
Originally Posted by UFO
Call me your average street idiot, but I'm not reading what is so wrong in the article you cut and pasted. Nobody is claiming that exporters, tourism, and foreign RE will save the sliding economy and Cdn dollar, not that I'm reading anyways. The current conditions do present opportunities in those areas, and those will continue to streghthen if the dollar continues to move lower if I'm not mistaken. For companies that have left as exporters, at some point it will be more attractive again to return and set up shop again, maybe there will even be some tax incentives kicked in to jump start this. Who knows.
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it's just an uber positive spin at a very negative time.
fundamentally, you're right, at a certain point, they should return, unfortunately, it will take a long time to get there as capital decisions / spend has already occurred elsewhere, it's not like the factory in Ontario is there fore them to flip on the lights and start producing, you could be waiting a year or so to outfit a factory for production... and millions of dollars... those decisions are usually made based on long term demographics / conditions... not a good sign overall