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Stock impact report

Is the Trudeau government overselling how much housing it can build? Yes [Globe and Mail, The (Toronto, Canada)]

Cabot Corporation (CBT) 
Last cabot corporation earnings: 2/3 04:16 pm Check Earnings Report
US:NYSE Investor Relations: cabotog.com/investors
This was not his first warning. In response, John finally decided to do something. He promised to stop smoking. He promised to cut out junk food. He promised to eat more vegetables. And he drew up an exercise program, with a schedule of workouts mapped out to 2030. He also proudly announced that, as a result of these changes, he'll be winning the gold medal in the marathon at the 2028 Olympics. That's how I see the Trudeau government's housing plan, which was released piece by piece in advance of Tuesday's federal budget. It's ambitious. It's aiming in the right direction. It's needed. And in the long run, it is going to encourage more building in the right places. All of which is good. However, the Liberals are also overselling how much it can do, and how quickly. Prime Minister Justin Trudeau's April 12 news release says that, thanks in part to the housing plan's incentives, Canada will build 3.87 million new homes by 2031. That's almost 500,000 homes a year. Since 2010, Show less Read more
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