economics

PetroCan/Suncor or “Where have I heard this before?”

From today’s Glove and Pail:

…if you don’t have some very strong companies that can actually compete in our own backyard, what you’re going to end up with is a lot of foreign companies in here…

It sounds tantalizingly, no, exactly like the argument the banks made in an unsuccessful to get the Chretien/Martin government to allow bank mergers a few years back. How much better things would be now, don’t you think, had those banks been allowed to merge? Maybe we wouldn’t be saddled with phrases like “world’s soundest“.  Come on, chin up, stability is for those without balls!

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