It seems that foreign investors are staying away from Canada. A recent Statistics Canada report indicated that these investors reduced their holdings in Canada by more than $12 billion. Apparently, some of this decrease has been attributed to cross-border mergers and acquisitions. This has been the most significant decline since 2015.
The owner of a well-known consulting firm is at odds with the government. The primary owner of Ontario-based Bronson Consulting is embroiled in a commercial litigation lawsuit with the federal government and has had his security clearance revoked as well as being at risk of not being able to vie for future contracts with the feds. He pins his current problems on disputing a contract last year that was awarded to another firm.
The head of the nation's major railway is thinking about business deals in the wake of the corporation's profit goals for the next three years. The CEO of Canada's CN Rail is thinking big when it comes to mergers and acquisitions -- particularly acquisitions -- as CN has upped its profit goals from its original 10% per share growth goal. CN purchased the shares of a trucking company this past March as the first step in its new plan.
According to a leading stateside politician, the relationship between Canada and its nearest neighbour is healthy and vibrant. On his latest trip to Canada, U.S. Vice-president Mike Pence said even though trade problems threatened the friendship of the two countries a year ago, the relationship between Canada and the United States has never been stronger. This assertion bodes well for business and commercial ventures for both countries.