And by depriving Toronto of its two biggest locally headquartered mining firms, the planned deal would greatly diminish the city's stature as one of the world capitals of mining finance.
It also represents a further hollowing out of Corporate Canada, which recently has seen completed and pending foreign takeovers of firms as varied as Hudson's Bay Co., Dofasco Inc., tech firm Hummingbird Ltd., paint maker Sico Inc. and housing materials firm Royal Group Technologies Ltd.
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