I am livid, bad enough these attack reports and planned in july (light trading) and institutions on holidays and in quiet period and day after the big jump on scripts but now this utter pile of manure website - this is just 22 bleepin much - how desperate and disgusting - really ashame i cant get my hands on these people. Is this what amercia has come to? the greed to make a quick buck is appalling and people will goto any means and no one seems to give a flying if they get caught or not.
Yes VIRGINIA there is a SANTA CLAUS and BCE is BELL COOKOMUNGA ENTERPRISES......... I would suggest you hold onto your 11.00$ and invest it in a sure thing.. like INTERNATIONAL WINGNUTT head office in the GOOD OLE US ofA. who knows in 20 years you might be smarter..
Simple answer.....BCE (Bell Canada Enterprises) along with other large Canadian companies trade on the NYSE to gain credibility in the eyes of global investors. Very few people in the world have heard of the TSE or view Canada as a major economy worthy of their investment dollars. As a result many Canadian companies use acronyms as their global company names and/or logos to hide the fact that they are based and conduct a major portion of their business in Canada.
Other examples are listed below:
CN - Canadian National Railways
CP - Canadian Pacific Railways
RBC - Royal Bank of Canada
TD - Toronto Dominion Bank
CIBC - Canadian Imperial Bank of Commerce
BNS - Bank of Nova Scotia
BMO - Bank of Montreal