Paulo

Canadian Royalty Trusts in Need of an American Revolution

Those who got burned the most by Halloween 2006 were those whose portfolios had a ridiculous proportion of Canadian Royalty Trusts in them (regardless of nationality). And yes, more than a few of the trusts were lemons anyway (and you would have regretted owning a Canadian royalty trust index).
Halloween 2006 actually increased the vulnerability of Canadian royalty trusts to foreign (i.e. American) ownership and taxes payable to Canada are likely to decrease, as Glen Breaks notes above.
Going forward, investors have the task of identifying the best of these trusts, and, given the overhanging political and economic uncertainties, determining what proportion of their accounts should reasonably be put into these things.