Losing Canada?

This morning on the way to work I heard that the Fairmont Hotel chain has been sold to a Saudi prince for a mere $3.9 billion. Earlier last week I noticed that the Hudson's Bay Company, the world's oldest surviving business had been sold to an American tycoon. This begs the question, what the heck is going on here? A lot of Canadians are afraid that this means the loss of Canadiana, the culture of our fair country. Others think it is a great deal, that Fairmont Hotels and HBC will be able to have the financial backing to remain a part of Canada's landscape and to be vibrant businesses.

Read the following two articles and then comment on what you think about the loss of these two companies to foreign investors. Should Canadian companies stay Canadian? What is the worry about them being sold to foriegn investors?

Calgary Herald Editorial

Hudson's Bay Article