Word: canadianization
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Dates: during 1960-1969
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...Canadian prosperity, at least in the short run, appears to depend on continued American investment. As a result, most anti-Americanism in Canada has not focused on the investment issue, but on peripheral questions like the installation of American nuclear missiles on Canadian soil, or a plan to divert Canadian water into...
...fact it is the influx of American capital which poses the real threat to Canada. Americans now own or control 60 per cent of the Canadian petroleum and natural gas industries, 52 per cent of mining and smelting, 45 per cent of manufacturing, and virtually 100 per cent of the automobile and synthetic rubber industries...
...Many Canadian businesses are subsidiaries of giant American corporations which contribute not only capital but also much of the technical knowhow for their Northern adjuncts. This has made it less necessary for the subsidiaries to hire large research staffs, and forced thousands of highly skilled Canadians, including a large percentage of the engineers and scientists graduating from Canadian universities, to migrate...
...satellite-status of most Canadian industries also affects Canada's export position. American parent concerns, striving to increase their sales to other countries, do not look favorably on attempts by their own subsidiaries in Canada to compete for the foreign market. Many of these subsidiaries sell only to their parent concerns, and therefore may not always operate in their own best interests...
Another limitation on the autonomy of Canadian business is the obligation of American companies to obey American laws. Despite strong protests from Washington, Canada has maintained trade relations with Cuba and mainland China. American business, however, is prevented by the Trade with the Enemy Act from dealing with either of these countries, and parent firms are generally unwilling to allow their Canadian subsidiaries to do so either...