Thursday, December 29, 2005

A little dose of perspective | RCMP may be on 'wild goose chase': Bay St. veteran:
The Mounties, who on Wednesday disclosed a criminal investigation into complaints by opposition politicians of possible insider trading, "are blowing in the wind, quite frankly," Ross Healy, president of Strategic Analysis Corp., said Thursday.

"They admitted themselves that they don't have anything and I am baffled as to what they think they're going to get," Healy said.

"This just strikes me as being a wild goose chase. . . . I don't think there's anything there to find."

Tom Caldwell, chairman of Caldwell Securities Ltd., was similarly unconvinced the RCMP will get their man.

"My gut feel is that by the time the smoke clears and a lot of money's wasted, I don't think you're going to find any clear villains," said Caldwell.

He added that his own firm had increased its income-trust positions in the weeks before Goodale's announcement, on the assumption that the sector's uncertainty would be resolved in due course.
Nevertheless, lots of political posturing going on and could be a big nail in the Liberal coffin. We shall see. But Harper is creating high moral expectations for his party, never a good thing in politics.