
In the Last 20 Years 11,380 Canadian Companies Taken Over Canadian Democratic Movement \|\| October 23, 2005 The latest figures from the Investment Review Division of Industry Canada are now available. They cover the period from June 30, 1985, when the Mulroney government put the Investment Canada Act into effect, after abolishing FIRA, to the end of September, 2005. In that period of just over 20 years, there were 11,380 companies in Canada taken over by non-resident-controlled corporations. The total value of the takeovers was just over $548.494 billion. During the same years, new foreign investment for new businesses in this country was just over $18.040 billion. So, it was just over 96.8% foreign investment for takeovers, and a pathetic less than 3.2% for new business investment. Fewer than 13% of takeovers were reviewed by the Review Division. Not a single takeover was rejected. Article Posted at www.KnowledgeDrivenRevolution.com Bear in mind, that however appalling the above figures are, much of the money used by non-residents to take over the thousands of companies came not from outside Canada but from our own good old patriotic Canadian banks and other financial institutions in this country. No one in the Department of Finance, in the Bank of Canada, in the PMO or Privy Council Office, NO ONE in Ottawa knows just how much of the takeover of our country is financed in our own country with Canadian savings. My own educated guess is at least 65%, but it's probably higher. They don't know because thet don't care to find out. So, remember, when the CCCE, the Howe, the Chamber or whoever pleads for more foreign investment in this country, the facts, year after year after year, are clear. They are in fact welcoming the increased foreign ownership and control of our home. Only in Canada........... Breaking down the numbers further: 11, 380 companies over 20 years is 569 companies a year average. Or you can think of it as 3 companies every two days, and an average of 47 a month, EVERY month for the last 20 years! About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
In Depth The Number 1 Reason YOU became a Slave Knowledge Driven Look at Your Favorite Canadian Political Parties
Archive November December January 2005 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 01 02 03 04 Weekly Features

In the Last 20 Years 11,380 Canadian Companies Taken Over

Canadian Democratic Movement || October 23, 2005

The latest figures from the Investment Review Division of Industry Canada are now available. They cover the period from June 30, 1985, when the Mulroney government put the Investment Canada Act into effect, after abolishing FIRA, to the end of September, 2005.

In that period of just over 20 years, there were 11,380 companies in Canada taken over by non-resident-controlled corporations. The total value of the takeovers was just over $548.494 billion.

During the same years, new foreign investment for new businesses in this country was just over $18.040 billion.

So, it was just over 96.8% foreign investment for takeovers, and a pathetic less than 3.2% for new business investment.

Fewer than 13% of takeovers were reviewed by the Review Division.

Not a single takeover was rejected.

Article Posted at www.KnowledgeDrivenRevolution.com

Bear in mind, that however appalling the above figures are, much of the money used by non-residents to take over the thousands of companies came not from outside Canada but from our own good old patriotic Canadian banks and other financial institutions in this country. No one in the Department of Finance, in the Bank of Canada, in the PMO or Privy Council Office, NO ONE in Ottawa knows just how much of the takeover of our country is financed in our own country with Canadian savings. My own educated guess is at least 65%, but it's probably higher.

They don't know because thet don't care to find out.

So, remember, when the CCCE, the Howe, the Chamber or whoever pleads for more foreign investment in this country, the facts, year after year after year, are clear. They are in fact welcoming the increased foreign ownership and control of our home.

Only in Canada...........

Breaking down the numbers further: 11, 380 companies over 20 years is 569 companies a year average. Or you can think of it as 3 companies every two days, and an average of 47 a month, EVERY month for the last 20 years!

About KDR | | Home | | Weekly Features Archive

Weekly

Chicken Little Terrorist: Creating Fake Terrorists

Weekly Features Archive

In Depth

The Number 1 Reason YOU became a Slave

Knowledge Driven Look at Your Favorite Canadian Political Parties