As if A Lack of Action on A Pipeline Expansion and an Uncertain NAFTA Agreement Are Not Enough, Canadian CEOs Are Waking Up to Additional Liberal Taxes: Whose Interests Do Justin, Morneau and the Invisible Jim Carr Have?

"....The chief executive of a large Canadian company said he was at a Vancouver board of trade dinner this week.

“The level of foreign investment has never been so low and continues to fall off a cliff. There is a real, genuine, honest, non-partisan concern that Canada is so completely out of touch with the real world,” he said..."

http://nationalpost.com/opinion/john-ivison-the-slow-bleeding-of-corporate-canada-is-about-to-get-underway-and-only-morneau-can-stop-it

Canada: What Was Once One Of The Few Countries To Survive The Financial Crisis Relatively Unscathed...Is Now Creating Its Own Bubbles To Burst

This is how the world's largest financial markets view us now.  What was once one of the few countries to survive the financial crisis relatively unscathed...now it is creating its own bubbles to burst.

This is not going to end well. Many Canadians are now set up to see catastrophic losses.

Is this "innovation" Minister of Innovation, Science and Economic Development Navdeep Bains (@NavdeepSBains)? 

Is this "financial innovation" Minister of Finance Bill Morneau (@Bill_Morneau)?

https://www.bloomberg.com/news/articles/2017-12-22/bitcoin-marijuana-stock-crazes-take-root-in-canada-s-wild-west

The State of Canada's Capital Markets: Hundreds of "Zombie" Shell Companies

https://www.bloomberg.com/news/articles/2018-01-09/novogratz-is-latest-to-tap-canada-s-junior-bourse-in-crypto-push

The state of your Vancouver Stock Exchange, "The TSX Venture Exchange has hundreds of "zombie" shells that can provide access to listings via reverse takeovers."

Thankfully, a lot of investors that were burned on the set up of these "hundreds" of companies will see a return out of their time wasted, their money wasted (on management teams paying themselves six-figure salaries) and will be pro

My hunch is that this is all going to blow up anyway (cryptocurrencies and marijuana industries).  So it may provide some temporary hope.  

Also, comforting to know that Canadians are paying people not in one but 13 different jurisdictions to "monitor" these zombie entities.  

A View of Canada Now as an Investment Jurisdiction: Marijuana and Bitcoin "Investing" Haven...or Lottery Tickets

https://www.bloomberg.com/news/articles/2017-12-22/bitcoin-marijuana-stock-crazes-take-root-in-canada-s-wild-west

Now that Canada is officially home to two of the largest publicly traded bubbles, it's a question of when the bubble bursts(real estate is the third, but more so on a residential basis, yet the REITs sector is not trading at "dot com-like" euphoric multiples and actually have cash flow).

Thanks to the very sub-par listing rules compounded by a relatively new exchange (the Canadian Stock Exchange, the "CSE"...or the C as in "Can't go anywhere else"), speculative and sinister business ideas are receiving funding and having their 15 minutes of fame.  More eloquently,

"...Two features make Canada optimal for overnight sensations and crashes: easy listing requirements and hundreds of "zombie" shells that are already on the exchange providing market access via reverse takeovers and other backdoor shortcuts to listings..."

Also, the following reminded me of the scene from Spinal Tap when the band manager, Ian Faith, was asked by the mockumentary film maker Marty Di Bergi (Rob Reiner) why the band was playing smaller venues, was it because their popularity was waning? To which he replied, "Our audiences are becoming more....selective".

“...It’s not that our listing standards are lower, but they’re tailored to those companies that are still in that venture stage and growing," said Brady Fletcher, who heads the Toronto Venture Exchange..."