Canadian Internet users could face draconian restrictions as result of Pacific trade

[beaker]

Changing laws is what trade deals are all about.

You are right we are in an awesome position right now in history, we have the resources the world needs. I read a while back that big oil is happy tomake a measly 5% rate of return in Canada. Why? Because what is the rate of return in Russia, Iraq, Venezuela? If the negatives because they like to confiscate your property and you get less than zilch on your investment. We top dog here folks.

Mulroney tooted Canada is "open for business" because during the Cold War things were a tad different. Now such a philosophy is hokey. We need to deal like we have most of the cards/resources, and we don't. We don't by not refining much of the bitumen Alberta wants to sell to Asia. Good high paying jobs are being shifted offshore. A long term loser strategy.

I think that Mulroney tooted the open for business euphemism because of a false impression circulating that Canada was becoming too independant of international, read mostly American, corporate interest and investment. In reality of course we were only getting started on that better path. Most of the cards you are talking about now are held by pretty large and powerful oil companies from around the world. Largely because of Mulroneys surrendering our sovereignty and resources through the FTA.

But I agree we should be playing those cards that we have for all they are worth. Instead we seem to be rushing after that same open for business mantra that will leave us up the creek whille energy prices are rising quickly.

 

[L Gilbert]

There's higher profits in refining and other finished goods than there is in raw resources. Yet Canadians seem bent on selling raw resources to foreign concerns and also many companies that do refine and manufacture. Seems kind of dense to me.