Canadian budget and mining

So the Canadian government released it's set-back, revised and altered budget earlier this week. The impact it has on Canadian miners is mixed, although it does help it could of gone further to help the industry that has made this one of the biggest economies in the world.

The 15% mineral exploration tax stays put until 2010, which is good. I don't see why they have to stop it in 2010 though, unless they simply like to announce it every year to remind us we have it. The elimination of import tariffs on large mining equipment is very welcomed as well, although we produce a large amount of mining equipment we buy from places like Germany and the US for some specialty equipment.

And well, that's it, it certainly could of gone a lot further. Pretty dull if you ask me, but then again so was the entire Canadian budget in my opinion. At least we didn't get a bailout like it was rumoured a while ago though.