foreign ownershipSyndicate content

Columnists

The pros and cons of foreign investment

The Investment Canada Act, implemented in 1985 by the government of Brian Mulroney, replaced the Foreign Investment Review Agency, which had become a potent symbol of Pierre Trudeau's interventionism. While the new act was explicitly intended to welcome foreign investment (including takeovers) with open arms, it included a "net benefit" test to supposedly protect Canadian interests.

in his own words

Owning the podium, selling the stadium

The Harper government portrays itself as standing up for Canada, but it is preparing a major sell-off of Canadian interests that will compromise our cultural sovereignty, national identity and national security.

In last week's federal budget, the Harper government signalled its intent to throw open the doors of foreign ownership in three strategic, previously protected, sectors: telecommunications, satellites and uranium.

The issue here isn't foreign investment, which is allowed. At issue is a move to allow giant multinational conglomerates to come in and take over Canadian companies in these key sectors.

embedded_video

United Steelworkers
January 25, 2012 |
USW and unions around the world are drawing a line in the sand against Rio Tinto after the company locked out 780 USW Local 9490 members 24 hours prior to its legal authority to do so.
Columnists

Harper seems determined to turn Canada into anti-union paradise

Hundreds of shivering factory workers locked out of their plant by manufacturing giant Caterpillar in London, Ont., might well draw some warm comfort from -- of all things -- the sayings of Newt Gingrich.

Of course, the conservative Republican presidential contender is no friend of labour or social justice; he recently proposed that poor children be schooled in the ways of free enterprise by being hired to clean school washrooms.

Nonetheless, Gingrich, one of the stars of the Republican freak show, is desperate to defeat front-runner Mitt Romney. With the mitts off, Gingrich is denouncing Romney's background as a Wall Street corporate raider, accusing him of practising a form of capitalism where "you basically take out all the money, leaving behind the workers."

Columnists

Canada's challenges in natural resource development

Natural resources are increasingly central to Canada's economic trajectory. Our challenge is to maximize the positive spinoffs from resource developments, while minimizing the economic and environmental costs. In that regard, imagine two extreme cases: one in which resource projects generate diversified and lasting benefits, and one in which they do not.

United Steelworkers
April 7, 2011 |
The USW has graded the three main federal parties on the issues that matter: foreign takeovers, leadership, women's equality and more.
Communications, Energy & Paperworkers Union
February 25, 2011 |
U.S. investment companies own 92% of Postmedia shares and since their purchase of the Canwest papers last summer, 500 jobs are gone and work is being outsourced to other countries.
Communications, Energy & Paperworkers Union
February 7, 2011 |
The Federal Court has restored the foreign ownership restrictions of Canada’s Telecommunications Act by quashing the federal government’s decision to licence foreign-owned telecom Globalive.
Communications, Energy & Paperworkers Union
December 17, 2010 |
Canada's labour movement and many NDP MPs discussed the state and consequences of foreign ownership in the natural resources and telecommunications sectors.
United Steelworkers
August 30, 2010 |
Last week's hostile takeover bid for the Potash Corporation of Saskatchewan (PCS) should raise a red flag for Canadians.
Syndicate content