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  • Is the Macdonald Dettwiler/Alliant Space Deal Dead?
    You know that every time someone pulls that old “Arrow” chestnut out of the fire – I can only thank goodness that Canada never finished the development of that beautiful and over-priced jet with no market potential.

    This was a bad decision by Prentice – a populist one no doubt – but a poorly thought out decision.
    It merely sends the message to all clever entrepreneurs that Canada is a poor place to develop and nurture businesses. As an owner, you should have the right to sell your business in the marketplace without the government (owning no shares) deciding
    that it is not in the “national” interest for you to maximize shareholder value.

    The immediate result is much cheering and singing of "Oh Canada" like that shown by the author. The long term effect is the loss of potential new enterprises by clever risk-takers who see a more nurturing environment elsewhere.
    Apr 16 22:02 pm |Rating: 0 0 |Link to Comment |View article

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