What ever happened to Canadian Industry?
C.M. Burns @ Sat Aug 30, 2008 2:37 pm
Mr_Canada Mr_Canada:
So it's actually still owned by Research in Motion? It's still 'Canadian'?
It hasn't been bought out by the Yankee dollar yet?
It hasn't been bought out by the Yankee dollar yet?
Well, RIM is publicly traded but the point of this is that it's an important part of Canada's industrial base.
So, RIM and Bombardier... that's two.
DerbyX @ Sat Aug 30, 2008 2:37 pm
Mr_Canada Mr_Canada:
So it's actually still owned by Research in Motion? It's still 'Canadian'?
It hasn't been bought out by the Yankee dollar yet?
It hasn't been bought out by the Yankee dollar yet?
Yep.
Public_Domain @ Sat Aug 30, 2008 2:40 pm
DerbyX DerbyX:
Mr_Canada Mr_Canada:
So it's actually still owned by Research in Motion? It's still 'Canadian'?
It hasn't been bought out by the Yankee dollar yet?
It hasn't been bought out by the Yankee dollar yet?
Yep.
Won't be long. It's young...
Public_Domain @ Sat Aug 30, 2008 2:40 pm
C.M. Burns C.M. Burns:
Mr_Canada Mr_Canada:
So it's actually still owned by Research in Motion? It's still 'Canadian'?
It hasn't been bought out by the Yankee dollar yet?
It hasn't been bought out by the Yankee dollar yet?
Well, RIM is publicly traded but the point of this is that it's an important part of Canada's industrial base.
So, RIM and Bombardier... that's two.
We're pretty screwed.
C.M. Burns @ Sat Aug 30, 2008 2:42 pm
mtbr mtbr:
* Royal Bank Of Canada
* Manulife Financial
* Bank Of Nova Scotia Properties
* Toronto-Dominion Bank
* Encana Corporation HQ (energy)
* Bank Of Montreal
* Canadian Imperial Bank Of Commerce
* Bce (Bell Canada)
* Canada Imperial Oil
* Petro-Canada
* Thomson Company (media)
* Power Corporation Of Canada
* Alcan Inc
* Canadian Natural Resources Limited
* Canadian National Railway Company
* Shell Canada Limited
* Suncor Energy Inc
* Magna International (industrial mfr)
* Husky Energy
* Transcanada Corporation (energy)
How many of these companies are Union based ... ONE ...one of the oldest ones. There's your answer. UNIONS killed them off
* Manulife Financial
* Bank Of Nova Scotia Properties
* Toronto-Dominion Bank
* Encana Corporation HQ (energy)
* Bank Of Montreal
* Canadian Imperial Bank Of Commerce
* Bce (Bell Canada)
* Canada Imperial Oil
* Petro-Canada
* Thomson Company (media)
* Power Corporation Of Canada
* Alcan Inc
* Canadian Natural Resources Limited
* Canadian National Railway Company
* Shell Canada Limited
* Suncor Energy Inc
* Magna International (industrial mfr)
* Husky Energy
* Transcanada Corporation (energy)
How many of these companies are Union based ... ONE ...one of the oldest ones. There's your answer. UNIONS killed them off
79% of wage earners in Sweden belong to unions.
It's 30% in Canada.
Next!
Bruce_the_vii @ Sat Aug 30, 2008 2:59 pm
Canada is some 32 million people in an advanced economy of about a billion world wide. We aren't going to be major players in many sectors. And we are specialized in resources.
saturn_656 @ Sat Aug 30, 2008 3:10 pm
Bruce_the_vii Bruce_the_vii:
Canada is some 32 million people in an advanced economy of about a billion world wide. We aren't going to be major players in many sectors. And we are specialized in resources.
Sweden, a country 1/3rd our population and economic power (roughly) does have more large companies known worldwide for excellence in manufacturing quality products.
Canada? Not so much... we got banks and minor oil companies...
CommanderSock @ Sat Aug 30, 2008 3:35 pm
saturn_656 saturn_656:
Bruce_the_vii Bruce_the_vii:
Canada is some 32 million people in an advanced economy of about a billion world wide. We aren't going to be major players in many sectors. And we are specialized in resources.
Sweden, a country 1/3rd our population and economic power (roughly) does have more large companies known worldwide for excellence in manufacturing quality products.
Canada? Not so much... we got banks and minor oil companies...
Our banks aren't big.
Bruce_the_vii @ Sat Aug 30, 2008 3:41 pm
The European countries don't really have well known names either. What does France produce, for example. Sweden seems to be doing well.
ridenrain @ Sat Aug 30, 2008 3:49 pm
Fer-keerist sakes. Why do people even listen to you, Burns?
From Forbes 2000:
http://www.forbes.com/static_html/f2K/2 ... pFla.shtml
$1:
The Forbes 2000 is our new comprehensive ranking of the world's biggest companies, measured by a composite of sales, profits, assets and market value.
Canada: 56 Forbes 2000 companies
Combines sales of 360 billion
Sweden: 26 Forbes 2000 companies
Combines sales of 199 billion
If you want people to read and listen to you, you better provide some proof.
C.M. Burns @ Sat Aug 30, 2008 3:51 pm
ridenrain ridenrain:
Fer-keerist sakes. Why do people even listen to you, Burns?
From Forbes 200:
http://www.forbes.com/static_html/f2K/2 ... pFla.shtml
Canada: 56 Forbes 2000 companies
Combines sales of 360 billion
Sweden: 26 Forbes 2000 companies
Combines sales of 199 billion
If you want people to read and listen to you, you better provide some proof.
From Forbes 200:
http://www.forbes.com/static_html/f2K/2 ... pFla.shtml
$1:
The Forbes 2000 is our new comprehensive ranking of the world's biggest companies, measured by a composite of sales, profits, assets and market value.
Canada: 56 Forbes 2000 companies
Combines sales of 360 billion
Sweden: 26 Forbes 2000 companies
Combines sales of 199 billion
If you want people to read and listen to you, you better provide some proof.
Fer-keerist sakes. Why do people even listen to you, ridenrain?
Proof of WHAT???
Demian_164 @ Sat Aug 30, 2008 3:54 pm
I dont know if this is true, but just guessing at how socialist sweden is, i imagine they have much more protectionism, and corporate welfare than we do here.
ridenrain @ Sat Aug 30, 2008 3:57 pm
Where did you get you're numbers. Mine shows that Canada has almost twice as many large successful businesses as Sweden.
Did you just make this up?
C.M. Burns @ Sat Aug 30, 2008 4:07 pm
ridenrain ridenrain:
Where did you get you're numbers. Mine shows that Canada has almost twice as many large successful businesses as Sweden.
Did you just make this up?
Did you just make this up?
Is that what you think this topic is about????
Canada population 33 million
Sweden population 9 million
According to you, a country with less than 1/3 the pop. of ours has a bit less than 1/2 the number of Forbes 200 companies.
That's way BETTER than Canada based on population.
But, that's not even close to what this topic is about!!!
I'll try to be polite as I explain.
This topic is about the loss of Canada's industrial base - manufacturing things - not digging things up or moving numbers around.
The list I posted, which, by the way, is pretty close to the list from Forbes, shows that the Canadian economy is dominated by financial services and the energy sector. These two areas are not considered part of our industrial base - well, energy is, but it's not manufacturing and there's very little value added to these natural resources here in Canada.
I am complaining that in Canada we don't make things like cars or jets or washing machines or high tech (except for a few small exceptions). I gave Sweden as an example of little country that makes LOTS of things like cars and trucks and high tech goodies.
Why am I complaining about this? Well, for example, when we ship synthcrude south without refining it we lose tens of thousand of high paying jobs. When we don't make the things we buy, we instead make other countries better off.
stokes @ Sat Aug 30, 2008 4:07 pm
But your numbers also show that per capita those companies do better than ours.
I know why we dont manufacture anymore....high wages..the cost of having someone sit in a factory and build something plus their vacation and benefits is phenominal, not too long ago GM did a buyout of employees because with benefits those employees were costing them over $100/ hour X 30,000 employees is a huge number.
If we want to be able to compete two things have to happen
1. Dial wages back to where they were 20 years ago
2. People must stop being so damn lazy and be willing to work where ever to support our economy(Janitor, Garbageman other not so great jobs)
We are a society of entitlement, young people (35 and under)(me included) dont want the shitty jobs that can lead to better things we all want to start at the top!!