You can’t be sovereign if you don’t own anything
Gas station giant Parkland is already shedding Canadian employees in the wake of TX-based Sunoco’s recent takeover of the Canadian fuel chain, which owns 15% of our gas stations and a key refinery in Burnaby, B.C. These layoffs were a predictable outcome of Ottawa's decision not to flex its new regulatory muscle through the Canada Investment Act to quash foreign investment deals that pose an economic security threat. As SCP chair Jon Shell writes, there’s a real danger that the government will continue this sell-off of Canadian companies to foreign investors—and that this sell-off will be considered a “win” for the government’s economic growth strategy. This would be a mistake.