POLS 1400 Chapter Notes - Chapter 3: Petro-Canada, Old American Company, Maxar Technologies
1 Dec 2014
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Document Summary
Issues in canadian politics-ch 3 politics and the economy. Economic historians describe canada as a country whose financial gain relies on the export of its seas, forests, mountains and plains. Natural resources which are non renewable are of decreasing importance (oil) Towards end of the 19th century heavy industries were established (iron, steel, paper and pulp plants) The bulk of employment today is in the service center. Branch plants, american company setup to produce and sell goods for the canadian market. American branch plants often purchase their supplies from the states and concentrate their research in the states. Most of the funds to buy out canadian companies come from canadian financial institutions. Canadian nationalists feared the loss of our independence due to so much american. Allowed to review proposals from foreigners to take over canadian businesses or to set up new ones within canada.
