The Montreal Gazette had an article about the already high levels of foreign ownership in the Canadian economy. Harper and crew are looking to open that up even further and allow companies like Rogers, Bell, and Telus to be acquired by larger telecommunications companies but we probably shouldn’t move so quickly into this without looking at more information.

This means that the government may make it possible for no reviews to be made by foreign takeover unless the stock value of the company is more than $1 billion. Right now it is only $299 million. That’s a pretty wide margin if you ask me. $1 billion means that most of Canada’s high tech companies (and lots of non high tech) could be sold without any review here in Canada.

I’m not sure if it’s a good thing. It seems like half our companies are already foreign owned. Even that beer is foreign owned…what’s it called again? Oh yeah, Molson Canadian.

If you get a chance, also check out Andrew Salmon‘s profile. Great stuff.