It appears as though your 51% idea was a little off. A snippet for you:
"Foreign ownership of companies of Canada has long been a controversial political issue in Canada. Concerns regarding foreign ownership generally regard ownership by individuals or companies based in the United States, though foreign ownership occurs from entities and individuals based in other countries as well.
Note that the exact definition of "foreign-owned" is debated, and that this article uses the working definition established at foreign ownership. Some estimates state that more than 50% of the petroleum and gas industry and more than 50% of all manufacturing in Canada is foreign-owned and foreign-controlled. In no foreign country does Canadian investment play a dominant role. Canada's largest foreign investment, which is in the US, gives Canadians control over only a minute portion of the US economy, in contrast to the very large fraction of the Canadian economy that is controlled by American interests.
Of note is that Canada's largest companies by value, and largest employers, tend to be foreign owned in a way that is more typical of a developing nation than a G-8 member. The best example is the automotive sector, one of Canada's most important industries. It is dominated by American, German, and Japanese giants. Although this situation is not unique to Canada in the global context, it is unique among G-8 nations, and many other relativly small nations also have national automotive companies such as Sweden's Saab or South Korea's Kia and Hyundai.
Contents [hide]
1 Partial list of foreign-owned companies of Canada
1.1 Foreign owned companies among Canada's current largest companies
1.2 Former major Canadian Companies acquired by foreign owners
1.3 Other examples
2 Quick facts
3 See also
4 External links
[edit] Partial list of foreign-owned companies of Canada
[edit] Foreign owned companies among Canada's current largest companies
Main article: Branch plant economy
General Motors Canada, Canada's largest automotive manufacturer, owned by Detroit-based, General Motors
Wal-Mart Canada, wholy owned by Wal-Mart of the US
Toyota Canada Inc. owned by Japan's Toyota
Ford Motor Company of Canada, owned by the American Ford company
Imperial Oil, controlled by ExxonMobil, which owns 69.8% of its stock.
DaimlerChrysler Canada owned by German-American giant DaimlerChrysler
Shell Canada, which is 22% public owned, with the remainder indirectly owned by Royal Dutch Shell.
British Petroleum Canada, owned by British Petroleum
Mitsui and Company, part of the Japanese Mitsui empire
Honda Canada Inc., owned by Honda of Japan
Ultramar fuels, owned by US-based Valero
Costco, whose Canadian operations are the 7th largest private company in Canada as of 2006, is based in Seattle
Husky Energy, a majority stake in Husky Energy is owned by Hong Kong billionaire Li Ka Shing and his holding company Hutchison Whampoa
Labatt Brewing Company purchased by Belgian brewer Interbrew in 1995
Hudsons Bay Company, Canada's largest retailer, and North America's oldest corporation (est. 1670), sold to U.S. investor Jerry Zucker in 2006.
ING Bank of Canada, the largest foreign bank in Canada, formed by the purchase of several small Canadian companies, controlled by the Dutch ING Group
Sears Canada, one the largest retailers (created by buying old Simpson's stores), controlled by the US Sears Holdings Corporation
IBM Canada, owned by IBM
Safeway Canada supermarkets, owned by Safeway Inc.
Cargill Ltd. owned by Cargill of Minnesota
McDonald's Canada, owned by McDonald's
Pratt & Whitney Canada owned by US United Technologies Corporation
Nissan Canada, owned by Nissan Motors of Japan
Parmalat Canada owned by Parmalat of Italy "
So tell me again how foreign corporations can't buy our lands? :roll: :roll:
OT, you need to back your rabid Americanism with some solid factual information.
Rod
