November 1st, 2006

Canada Day

(no subject)

"Today, Canadian seniors and other investors, as a consequence of this government's broken promise, saw $25 billion of their hard-earned savings go up in smoke in two hours of trading. In comparison, the government's pathetically small tax relief is $1 billion over a whole year."'
-- Liberal MP John McCallum, former revenue minister, in the Commons

That about sums it up. I'm disappointed, though I should know better than to expect politicians to honour their election promises. The tax relief the government is offering to seniors is trivial compared to the loss of capital many of them experienced today. I think this was really a boneheaded move by the Tories.