Here’s a selection from the article:
In Delta, B.C., furniture company Prepac Manufacturing Ltd. abruptly announced plans last month to shut down one of its factories and terminate 170 employees. … The company was acquired by Toronto private equity firm TorQuest in 2019, and opened a new manufacturing and warehousing facility in North Carolina in 2021. Prepac plans to centralize its operations in North Carolina, leaving no Canadian footprint. Prepac was founded in Vancouver in 1979.
…
at South Shore Furniture, a Quebec furniture maker. In early February, the company said it was cutting 115 jobs because of tariff threats, noting that 70 per cent of its products were sold in the U.S. and American purchasers have sought out merchandise from Asia because of the trade war.
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Another steel manufacturer in eastern Ontario – the Canada Metal Processing Group – said on Feb. 24 that it was cutting 140 employees because of the “actions by the United States” that will result in cancellations or delayed orders.
https://www.theglobeandmail.com/business/article-layoffs-take-hold-as-trade-war-intensifies/
Fuck TorQuest.
Fuck private equity firms.
Fuck vulture capitalism.
New rule (hopefully Carney enacts) … no private equity firm is allowed to have a controlling interest in a Canadian company. Period.
I’m not sure that fits with his central banker background, so I won’t find my breath. I’d love to be wrong though.
And fuck power levels!
But yeah, if the big bidness boys pwaying big bidness games are going to take their ball and go home, we should start taking things back in return. IP rights. Trademarks.
Tax breaks.
If they want to be 'Murican, let them go be 'Murican. We don’t need 'em 'round these parts.