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 CCCE says integration the solution to the hollowing out of corporate Canada
October 12, 2007
Posted by Brent Patterson
The CCCE says the "best defence against hollowing out" Canada through foreign takeovers, beyond "lower corporate taxes" and "larger Canadian companies" (read mergers) is to "redouble efforts to strengthen our relationship with the United States in order to keep our shared border open and efficient."
The CCCE says, "The government already has set in motion processes for addressing these issues...At their August Summit in Montebello, Quebec, the Leaders of Canada, the United States and Mexico endorsed the ongoing work of the North American Competitiveness Council, which includes recommendations for investment in infrastructure at key border crossings, more efficient and secure border processes and greater cooperation on regulatory issues."
Canadian Press reports, "The Canadian Council's head, Tom d'Aquino, stressed that the business leaders are not saying all state-owned corporations should be held at bay, but that there should be greater scrutiny on those entities that do not operate by market rules, have not established a record of good governance and are undemocratic."
Only state-owned corporations can be "undemocratic"? Foreign ownership of the Canadian economy is only foreign if it isn't American?
Click here to read the CCCE article.
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