{"id":578,"date":"2006-11-15T19:00:09","date_gmt":"2006-11-15T23:00:09","guid":{"rendered":"https:\/\/officiallyscrewed.com\/blog\/?p=578"},"modified":"2006-11-15T19:00:09","modified_gmt":"2006-11-15T23:00:09","slug":"tsx-closes-higher-than-before-income-trust-announcement","status":"publish","type":"post","link":"https:\/\/officiallyscrewed.com\/?p=578","title":{"rendered":"TSX Closes Higher Than Before Income Trust Announcement"},"content":{"rendered":"<p>On October 31st, 2006, the TSX closed at 12,344.59 (if my math is right from <a target=\"_blank\" href=\"http:\/\/www.ctv.ca\/servlet\/ArticleNews\/story\/CTVNews\/20061101\/markets_advice_061101\/20061101\/\">this article<\/a>).  This was the last close before the Conservative government announced the plans to tax income trusts.<\/p>\n<blockquote><p>The S&#038;P\/TSX composite index fell 294.2 points or 2.4 per cent to 12,050.39 after the announcement late Tuesday that trusts will be taxed more like corporations &#8212; the biggest single one day drop in the index in two and a half years.<\/p><\/blockquote>\n<p>The market dropped dramatically the next couple of days as investers sold frantically.<\/p>\n<p>Today, November 15th, 2006, the TSX closed at 12,425.37, over 80 points higher than it was before the announcement.<\/p>\n<p>I know that the value did not come back in the same places, but it just goes to show you that <a target=\"_blank\" href=\"https:\/\/officiallyscrewed.com\/?p=545\">if you are diversified<\/a> enough in your portfolio, you probably are richer than you were the day before the announcement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 31st, 2006, the TSX closed at 12,344.59 (if my math is right from this article). This was the last close before the Conservative government announced the plans to tax income trusts. The S&#038;P\/TSX composite index fell 294.2 points or 2.4 per cent to 12,050.39 after the announcement late Tuesday that trusts will be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[7,52],"tags":[],"class_list":["post-578","post","type-post","status-publish","format-standard","hentry","category-business","category-politics-federal"],"_links":{"self":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=578"}],"version-history":[{"count":0,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=\/wp\/v2\/posts\/578\/revisions"}],"wp:attachment":[{"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/officiallyscrewed.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}