In this trying climate where nations are seeking to maintain the strength of a global recovery, is Canada moving towards a protective state by blocking foreign ownership of Canadian companies?
From Economist.com - November 4th 2010
Not so fast
The government puts the kibosh on a bid for PotashCorp
Nov 4th 2010 | OTTAWA
WHEN BHP Billiton, the world’s biggest mining company, announced a $40 billion hostile takeover offer for PotashCorp in August, few expected the business-friendly government of Stephen Harper to get in the way. Being the world’s largest producer of potash, an ingredient of fertiliser, is hardly strategic. And to reject the Anglo-Australian firm’s bid would send an unwelcoming message to foreign investors, upsetting Canada’s business leaders, who had asked the government not to intervene.
For complete article please see Not so fast
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