One More Canadian Icon About To Be Taken Over

What`s wrong with the owners of HBC? Isn`t anything sacred anymore? It`s like Americans are buying Canadian companies now just to rub salt in the wound.

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Dave Ruston

What do we do? Everything is being sold off to America. It seems our politicians not only accept this fact but encourage it.

Treason is what I would call it.

The CFL is all we have left.

Treason is what it is!

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Dave Ruston

In the last ten years I have witnessed the wholesale selloff of not only Canada but the province of BC to America. Here are a few companies that are now American:

Tim Horton\'s (that Canadian icon; how many Canadians are actually aware that it is owned by Americans?)
The Vancouver Canucks, and Montreal Canadians
Cypress Bowl Ski area in Vancouver
Westcoast Energy which is now Duke Energy
MacMillan Bloedel logging

Now HBC is poised to be sold off.
B.C Ferries employees are also on strike to fight off privitization. In fact B.C ferries is now headed by an American.

I advocate a hardline stance on this one, some may not agree with me. I say we kick out all American companies and we lock up those politicians who have helped in the wholesale sellout of our once proud nation.

The company I work for was sold off today to an American company. It was a 100% Canadian company, totally private too. Many around here thing that this company came into our market very agressivley, and it hurt us bad. We think they did it on purpose.<p> Well, they win.<p> <p>---<br>"History does not repeat itself, but it does rhyme" Mark Twain

Lovely......maybe we should ban foreign ownership altogether?! How revolutionary would that be?!!

If, and only If, the Federal government would put limits on foreign ownership, we wouldn\'t be discussing this.

Mr. Manley made it clear some time ago that he was willing to drop all limits on foreign investment, and that was the death knell of our corporations.

When you consider that our Canadian Banks are lending money to foreign investors to help them buy Canadian corporations, what can you expect ??

More of the same.

Some 13,000 companies have been sold to foreign investors, mostly American, over the last many years.

I\'m not happy with this, are you ??

Then speak up, it\'s only a matter of time. And time is not on our side.



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"Arrogance in Politics is unacceptable"
Jim Callaghan
Minden, Ontario
705-286-1860
www.misterc.ca

Oh, sorry, jim, I can see you`ve been reading up on the Canadian Action Party!

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Dave Ruston

I\'m a member, and I have both Paul\'s and Mel\'s books to refer to.

Makes your blood boil, eh ??



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"Arrogance in Politics is unacceptable"
Jim Callaghan
Minden, Ontario
705-286-1860
www.misterc.ca

The figures from 1984 to 1991 show that 90% of all new foreign investment during that period was American corporations buying up Canadian companies with 92.8% of the financing coming from Canadian banks. The January 1995 issue of Canadian Forum succinctly pointed out that all of the bank presidents of all of the major Canadian banks were members of Rockfeller\'s Trilateral Commission. So here we had Canadian bankers whose loyalty to Canada could not only be easily put into doubt but moreover could be seriously considered to have been guilty of treason. These figures merely reflect the continuing trend of massive sellout of Canadian companies through our sleazy banking system.

The figures from 1984 to 1991 show that 90% of all new foreign investment during that period was American corporations buying up Canadian companies with 92.8% of the financing coming from Canadian banks. The January 1995 issue of Canadian Forum succinctly pointed out that all of the bank presidents of all of the major Canadian banks were members of Rockfeller\'s Trilateral Commission. So here we had Canadian bankers whose loyalty to Canada could not only be easily put into doubt but moreover could be seriously considered to have been guilty of treason. These figures merely reflect the continuing trend of massive sellout of Canadian companies through our sleazy banking system. Until the time comes when we bring these people to justice... all we can do is boycott American made products and companies wherever possible.

We add a law to the Charter of Rights saying that American and International investors can only invest and hold stocks up to a certain percentage, a low percentage of course. Then maybe Canadian politicians will learn from this and we can start the construction of a new corporate Canada.