The Vanishing Border - The Weaking of Canadian Business

As we return entered the 21st century, we can non help the expression that we are existence slowly cheated and robbed out of our own nation. With our dollar mark worth an inherent 40 percent less than the American greenback, and a organization oblivious to our currencys condition, many businesses are commencement to use ruthless guerrilla tactics, sell our nation out, and heading south of the b lodge. The American take over of Canadian business is precisely a new thing: over the past 12 years, direct investment in Canada from the fall in States has surpassed an amazing $800 billion, and the cast is growing rapidly. There is a typical difference amongst passed invasions, and the current wave of sellouts. Not many Canadians visit how disturb the reality of the Americanization of our economy has become. Some major fresh victims of this tidal wave embroil Club Monaco Inc., Noma Industries Ltd., Peoples Jewelers Corp., and Shoppers Drug securities industry Inc. How ever, not every large Canadian company has resorted to the same subject of desperate measures. Some of our largest companies have kept their headquarter in Canada; however have transferred their command posts to the United States. These companies include The Seagram Co. Ltd., found in Montreal, and Nortel Networks Corp., the $100 Billion Brampton based company, which is authentically fall out out of Dallas, Texas.

Canadas largest independent chemical firm, Nova Chemical Corp., is mournful its headquarters from Calgary to Pittsburgh. Many some other countries have been Americanized by transferring their stocks into U.S portfolios. A prime example of this is seen in the Canadian National railroad line Company, which is o! ver 60% American owned. Though the Toronto Stock telephone exchange has been boom over the passed two years, the effect that the larger companies have had on the market, has been minimal. Over 225 of the stocks traded on... If you want to get a abundant essay, order it on our website: OrderEssay.net

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