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Most of the shares in Canada's biggest companies now change hands south of the border ...Read the full article
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little bear from Canada writes: Good article and bang on.
Let's face it the Canadian Companies I deal with have huge commissions compared to my US outfits.
Another issue is that the majority of equity holders are in the States and although a couple or companies are still headquartered here the share holders are in the States and elsewhere other than Canada.
I was in a meeting a couple of years ago and listened to a group of business men complaining about the fact that Terasen had been sold to a Texas outfit. I asked for a show of hands of those who owned Terasen stock. Nobody, then I asked for a show of hands of those who owned shares in any Canadian company and two hands were shown.
That about tells the story.
The majority of Canadians are not risk takers so it is little wonder that the bulk of the trading takes place in the States.- Posted 07/10/08 at 10:26 PM EST | Alert an Editor | Link to Comment
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