February 9, 2011

Canada’s Financial Industry For Sale

By admin

Apparently, Canada is up for sale.

The Toronto Stock Exchange, our biggest (and arguably, only) exchange is up for sale and the folks in London, UK look to be the most likely suitors.

This is out of control.  Venture capital and other fund raising efforts in Canada will face a painful death as decision making gets transferred over to the Brits.

This isn’t protectionism.  It’s just common sense.  Handing over control will result in people in two offices saying which project should we finance.  The answer:  we finance it in the place where people own the exchange.  That would be London, based on the terms released to date.

This country is going to garbage under the rule of the Cons.

What’s next?