What is their incentive and to what degree will Canadians ultimately subsidize this investment? Part of me just feels like this is another lost opportunity for something 'home grown'.
What is their incentive and to what degree will Canadians ultimately subsidize this investment? Part of me just feels like this is another lost opportunity for something 'home grown'.
Read the article?
Yes. Appears to be foreign owned companies profiting.This second plant might generate a couple hundred additional peripheral jobs in the surrounding communities. Not much about externalities such as natural resource or environmental impact costs potentially borne by the public. What was your take?
Well. Much as I would like Canadian businesses to be Canadian owned we have to accept that we live in a world of global investment. So we get jobs and taxes and their overhead. As for environmental issues: itβs an existing unused site no? Plus we may be able to get the steel aluminum business
It would be nice if we could require them to source materials here. Not sure if thatβs possible. Except if weβre providing the loan why not π€·ββοΈ. I know itβs frustrating to see foreign ownership but we can still see benefit
I hear you. I'm just tired of feeling like Canada always forfeits benefiting from the most profitable 'added value' components of these endeavours.
I feel that way most about lumber!! It drives me crazy that we donβt add value to our wood products. π Iβm less inclined to worry about foreign investment in any manufacturing.
Canadian Ikea ftw! lol
π right?!? Seriously though the number of wood products we import is silly
Why canβt we have both? Capitalism is competition after all.
We certain can have both. Capitalism is a fine tool but unregulated the likelihood it produces an outcome that optimizes value for Canadians is random. I'm simply questioning the trade off.
*certainly