Canadian/American Business Mergers Boost 'North American Union?'
Thursday, October 04, 2007 - FreeMarketNews.com
This past year, when FMNN, Sound Of Cannons, WorldNetDaily and other alternative news sites began writing about a plan to create a North American Union - a defacto merger of Mexico, America and Canada - it was difficult to see clearly how it would come about. But now, after attemps have been made to build a Superhighway that would cut America in half, and after a series of hush-hush treaties between the three great countries, a third method is coming clear: a wave of mergers between American and Canadian financial firms.Financial sources tell FMNN that the sinking dollar and parity with the Canadian loonie has made American financial firms increasingly attractive to Canadian companies. Enough activity could merge major American and Canadian players, entwining top banks and financial firms so closely that the sector could be considered pan-American rather than separately Canadian and American."The conspiracy theorists will be out in force on this one," says one Canadian source close to the pending M&A frenzy. "The dollar is down, the loonie is up and if the trend continues there will inevitably be a great blurring of the line between the Canadian and American financial sectors."This source hastens to add that the impending merger push is coincidence and that he does not subscribe to the idea that certain financial interests are trying to create a North American, Canadian and Mexican superstate. But he admits: "Yes, there will be consolidation - in my opinion, though it's simply a function of the opportunity and the times."Perhaps so. But the "reality on the ground" will likely moot discussion over root causes. It's not just the private sector itself, either, but government entities that will encourge the next great spate of North American financial consolidation. Here's an article from TMCNet on one New York state effort to encourage cross-border financial consolidation:=====http://www.tmcnet.com/usubmit/2007/10/04/2989307.htmBuffalo Niagara Enterprise returns its focus to marketing: Will let others assist existing area businesses(Buffalo News, The (NY) (KRT) Via Thomson Dialog NewsEdge) Oct. 4--Buffalo Niagara Enterprise will focus on marketing the region to businesses, as it was originally conceived, while other economic development agencies work more on helping existing companies stay and expand."The whole marketing part of it, we can beef up," said Tom Kucharski, president and chief executive officer of BNE. The group outlined its strategy and reviewed last year's results at its annual meeting on Wednesday.BNE over the past year researched industry sectors it will target for new jobs and investment, primarily life sciences, agribusiness and back-office operations, Kucharski said. It also worked with commercial real estate professionals to create an online commercial listings service, to showcase available properties in the region in a centralized way.(Snip)Canada is a major target. BNE has developed a list of 600 companies it will reach out to in its recruitment push. That strategy has received a boost from a strengthened Canadian dollar, which makes the United States a more attractive place for Canadian companies to invest, Kucharski said. Staff Selections - Links
This past year, when FMNN, Sound Of Cannons, WorldNetDaily and other alternative news sites began writing about a plan to create a North American Union - a defacto merger of Mexico, America and Canada - it was difficult to see clearly how it would come about. But now, after attemps have been made to build a Superhighway that would cut America in half, and after a series of hush-hush treaties between the three great countries, a third method is coming clear: a wave of mergers between American and Canadian financial firms.Financial sources tell FMNN that the sinking dollar and parity with the Canadian loonie has made American financial firms increasingly attractive to Canadian companies. Enough activity could merge major American and Canadian players, entwining top banks and financial firms so closely that the sector could be considered pan-American rather than separately Canadian and American."The conspiracy theorists will be out in force on this one," says one Canadian source close to the pending M&A frenzy. "The dollar is down, the loonie is up and if the trend continues there will inevitably be a great blurring of the line between the Canadian and American financial sectors."This source hastens to add that the impending merger push is coincidence and that he does not subscribe to the idea that certain financial interests are trying to create a North American, Canadian and Mexican superstate. But he admits: "Yes, there will be consolidation - in my opinion, though it's simply a function of the opportunity and the times."Perhaps so. But the "reality on the ground" will likely moot discussion over root causes. It's not just the private sector itself, either, but government entities that will encourge the next great spate of North American financial consolidation. Here's an article from TMCNet on one New York state effort to encourage cross-border financial consolidation:=====http://www.tmcnet.com/usubmit/2007/10/04/2989307.htmBuffalo Niagara Enterprise returns its focus to marketing: Will let others assist existing area businesses(Buffalo News, The (NY) (KRT) Via Thomson Dialog NewsEdge) Oct. 4--Buffalo Niagara Enterprise will focus on marketing the region to businesses, as it was originally conceived, while other economic development agencies work more on helping existing companies stay and expand."The whole marketing part of it, we can beef up," said Tom Kucharski, president and chief executive officer of BNE. The group outlined its strategy and reviewed last year's results at its annual meeting on Wednesday.BNE over the past year researched industry sectors it will target for new jobs and investment, primarily life sciences, agribusiness and back-office operations, Kucharski said. It also worked with commercial real estate professionals to create an online commercial listings service, to showcase available properties in the region in a centralized way.(Snip)Canada is a major target. BNE has developed a list of 600 companies it will reach out to in its recruitment push. That strategy has received a boost from a strengthened Canadian dollar, which makes the United States a more attractive place for Canadian companies to invest, Kucharski said. Staff Selections - Links
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