Parizeau Says National Bank Of Canada Vulnerable To Foreign Takeover

But he said that he did not oppose the acquisition of the Montreal Exchange by the TSX Group, which controls the Toronto Stock Exchange, on the condition that Quebec's securities regulator tightens safeguards to keep stock market activity in Montreal. Parizeau's remarks follow on a magazine article published last month in which he lamented the fact that the Caisse de depot et placement pension fund manager did not hold any shares in the National Bank when it has a stake of hundreds of millions of dollars in the TD Bank and dozens of foreign financial institutions. He also denounced the sale of Alcan to the Anglo-Australian giant Rio Tinto last summer, saying, "it could have gone better for Quebec." ... http://ca.news.yahoo.com/s/capress/080218/business/parizeau_national_bank

Note: http://ca.news.yahoo.co...