SneakySushi
New member
Hi everyone,
I've been reflecting on the increasing trend of foreign companies buying out our iconic Canadian businesses, and it raises some serious concerns. We've seen brands like Tim Hortons experience quality declines post-takeover, Sears vanish, and the Hudson Bay Company struggle to stay afloat.
Why does our government allow this? I believe that implementing policies requiring foreign investors to partner with Canadians for at least 50% ownership could help protect our businesses. Countries like China and India have similar measures in place to safeguard their interests.
Without such protections, it feels like foreign companies can come in, extract profits, and leave us with little to show for it. This current system seems unsustainable for our economy and cultural identity.
What are your thoughts? Do you think changes are needed to protect our iconic brands from foreign ownership? Let’s discuss!
Thanks
I've been reflecting on the increasing trend of foreign companies buying out our iconic Canadian businesses, and it raises some serious concerns. We've seen brands like Tim Hortons experience quality declines post-takeover, Sears vanish, and the Hudson Bay Company struggle to stay afloat.
Why does our government allow this? I believe that implementing policies requiring foreign investors to partner with Canadians for at least 50% ownership could help protect our businesses. Countries like China and India have similar measures in place to safeguard their interests.
Without such protections, it feels like foreign companies can come in, extract profits, and leave us with little to show for it. This current system seems unsustainable for our economy and cultural identity.
What are your thoughts? Do you think changes are needed to protect our iconic brands from foreign ownership? Let’s discuss!
Thanks