Our beer goes down smooth
1. Which foreign corporations own a) Labatt, b) Molson’s, c) Sleeman. Where are these corporations from?
2. Should the government allow Canadian companies to be purchased by foreign corporations?
3. What are the advantages and disadvantages to foreign ownership of Canadian companies, including beer-makers?
1) Labatt – Sold to InBev SA located in Belgium. Molson’s – Sold to Adolph Coors Co. with headquarters at Golden, Colorado U.S. Sleeman – Sold to Sapporo which is located in Tokyo, Japan.
2) From the point of view of being a proud Canadian foreign companies should not be able to purchase Canadian companies. There is something special about having your favorite beer being a completely Candian owned company. However, if foreign companies were unable to buy into these Canadian brewing companies they would have most likely gone under. In a way it is a good thing that these companies were able to be purchased by foreign owners because they are still around today.
3) Advantages:
In the case in the text an advantage for what happened to Sleeman, Molson and Labatt goes to Moosehead. Who finds itself on top of the list of Canadian Brewers.
If Canada is open to foreign investment it will allow more of it to come into Canada. This brings in goods and materials we need that cannot be produced or gathered in our country. As well as gives us money for what there is excess of to purchase what we don’t have.
Allowing our companies to be run in other parts of the world gives us a bigger name and sort of works as an advertisement for Canada.
Foreign companies introduce different management and business skills. Disadvantages:
You lose that completely Canadian owned company feeling.
Money from the products is leaving the country rather than staying and improving our economy.
Generally foreign companies will invest more heavily in their home countries.
2. Should the government allow Canadian companies to be purchased by foreign corporations?
3. What are the advantages and disadvantages to foreign ownership of Canadian companies, including beer-makers?
1) Labatt – Sold to InBev SA located in Belgium. Molson’s – Sold to Adolph Coors Co. with headquarters at Golden, Colorado U.S. Sleeman – Sold to Sapporo which is located in Tokyo, Japan.
2) From the point of view of being a proud Canadian foreign companies should not be able to purchase Canadian companies. There is something special about having your favorite beer being a completely Candian owned company. However, if foreign companies were unable to buy into these Canadian brewing companies they would have most likely gone under. In a way it is a good thing that these companies were able to be purchased by foreign owners because they are still around today.
3) Advantages:
In the case in the text an advantage for what happened to Sleeman, Molson and Labatt goes to Moosehead. Who finds itself on top of the list of Canadian Brewers.
If Canada is open to foreign investment it will allow more of it to come into Canada. This brings in goods and materials we need that cannot be produced or gathered in our country. As well as gives us money for what there is excess of to purchase what we don’t have.
Allowing our companies to be run in other parts of the world gives us a bigger name and sort of works as an advertisement for Canada.
Foreign companies introduce different management and business skills. Disadvantages:
You lose that completely Canadian owned company feeling.
Money from the products is leaving the country rather than staying and improving our economy.
Generally foreign companies will invest more heavily in their home countries.