| With the end of April quickly approaching as well as the
Canadian tax reporting season, there is the impetus to undertake a new, fresh
start. Needless to say, calculating our taxable capital gains or losses
for our 2004 tax returns can be extremely enlightening. This effort always
highlights our recent past successes and failures and serves as a guide to the future.
In consequence, we believe now is the time to review our portfolios, scrutinize
our securities and to reconsider their relevance for the final eight months of
2004. |
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