The whole Canadian market, is in trouble. There is little to no optomisum. The liquidity has been stipped form the market as cash is sitting on the sidelines.

One thing Flaherty could do is make the new " Tax free" account more realistic.

Make it a first time contibution of up to $50,000

It should have the condition that the investments are Canadian stocks or Canadian bonds etc,

It should be availible to foreign investors as well, they would have to open acconts in Canadian institutions. They would also pay no tax and have no taxes withheld when funds are withdrawn from this account.

This would provide the incentive to invest in Canada, in Canadian companies and provide the capital resources for Canadian companies to advance their projects... Not just resources but every sector of the economy.

Notice how even the alternate energy companies are all in the toilet... an area that Obama said would be the focus of job creation.

Obamas plan will fall apart with cheap oil... There is no incentive to conserve oil when gas is $1.50 a gallon. Cheap oil will scuttle Obamas plan in its tracks and keep the US dependant on foreign oil.

The oil sands projects are being shelved like restocking books at the library.

Time for our government to get to work.

Check this out... I really like the part where the Canadian gov provided cash to the German company to produce solar cells... I guess this was done so that we will have competition when our own industries get into production.

http://www.cbc.ca/fifth/2008-2009/th...