Foreign Takeovers of Canadian-Owned Businesses Continue to Happen

question 1

Essay

Foreign takeovers of Canadian-owned businesses continue to happen. One of the biggest foreign takeovers in Canadian history a number of years ago, triggered a great concern among many Canadian observers that there is a "hollowing out" of corporate Canada. That takeover was by Rio Tinto, a mining company from Britain, that completed a $38-billion (U.S.) deal to buy the 105-year-old Canadian aluminum maker Alcan Inc. (headquartered in Montreal). The deal made Alcan a subsidiary of Rio Tinto - a global company headquartered in Britain (and Australia). Some critics have suggested that the loss of control of Alcan was very bad for Canada. Those opposed to these foreign takeovers argue that Canadian business is losing control and independence to foreign countries. Consequently, there has been concern that the Canadian government should try to curtail this foreign takeover trend before Canadian is transformed completely into a "branch plant economy".
What are three potential benefits and three potential negative consequences for the host country (Canada) of this acquisition?

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Definitions:

CIWA-Ar

A clinical tool used to assess the severity of alcohol withdrawal symptoms and guide treatment decisions.

Screening Tool

An instrument or method used to detect the presence of disease, risk factors, or conditions in individuals who may not yet show symptoms.

Alcohol Use Disorder

A medical condition characterized by an impaired ability to stop or control alcohol use despite adverse social, occupational, or health consequences.

Crave Alcohol

An intense and often uncontrollable desire to consume alcohol, typically seen in individuals with alcohol addiction or dependency issues.