The Chartered Banks and Foreign Direct Investment in Canada • NEIL QUIGLEY
نویسنده
چکیده
Canadian industrial development in the twentieth century, has been spearheaded by foreign (largely American) direct investment in manufacturing and resource exploitation. Up to 1970, that process met with little resistance. When C.D. Howe stated, in 1954, that "Canada has welcomed the participation of American and other foreign capital in its industrial expansion", he was reiterating opinions expressed thirty years earlier by business leaders such as Vincent Meredith, President of the Bank of Montreal: "I do not share this fear [of Americanization] but rather welcome the flow of money which must assist in the development of our
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