I know this might start some political nonsense and words but I
have to say I am proud as a Canadian that our government finally
stood up for some of our national pride and resources......Too
often many of our precious natural resources have been sold off to
foreigners including alot of the the Canadian oil sands.
I am glad that our government is somewhat forward thinking and
actually realizing commodities are going to be in high demand in
the years ahead and keeping some of our star natural resources
companies in Canada.
I know it could start a wave of proctectionism but it is pretty
rare up here in Canada for our government to take such a bold
stance........I say it is about time and I am happy they have done
it.
It's called protectionism and it's not a good thing for the
markets to work freely like they are supposed to. The US did
it a couple of times, most recently I think when a chinese company
wanted to buy Unocal and we used the "national security"
issue. Unless it is written into the constitution, or has
become law that foreign companies can't buy a company in your
country I think any company is up for grabs. The US has laws
that prevent forign companies from owning more than a certain
percentage of autos, rails, and airlines.
Canadian Government rejects BHP bid for Potash
Posted by bullau on 3rd of Nov 2010 at 11:14 pm
I know this might start some political nonsense and words but I have to say I am proud as a Canadian that our government finally stood up for some of our national pride and resources......Too often many of our precious natural resources have been sold off to foreigners including alot of the the Canadian oil sands.
I am glad that our government is somewhat forward thinking and actually realizing commodities are going to be in high demand in the years ahead and keeping some of our star natural resources companies in Canada.
I know it could start a wave of proctectionism but it is pretty rare up here in Canada for our government to take such a bold stance........I say it is about time and I am happy they have done it.
Potash
POT is down on this
Posted by sandlamp on 4th of Nov 2010 at 07:50 am
POT is down on this news. I think longer term this bodes well for the stock price. What do you think of the stock action in POT?
It's called protectionism and it's
Posted by parrrich on 4th of Nov 2010 at 07:46 am
It's called protectionism and it's not a good thing for the markets to work freely like they are supposed to. The US did it a couple of times, most recently I think when a chinese company wanted to buy Unocal and we used the "national security" issue. Unless it is written into the constitution, or has become law that foreign companies can't buy a company in your country I think any company is up for grabs. The US has laws that prevent forign companies from owning more than a certain percentage of autos, rails, and airlines.
here here! Eh
Posted by freddy123321 on 4th of Nov 2010 at 12:50 am
here here! Eh