Quote:
Originally Posted by Acajack
I've mentioned it before but I find the Canadian business mindset is largely oriented towards building something just big enough so that a bigger fish will buy you out and you won't have to work another day in your life. It's not really the ambitious go-getter mindset where you're never satisfied and are always looking to get bigger and better.
If you look at the largest corporations in Canada the list is top-heavy with heavyweights that are in sectors protected by the Canadian government from foreign involvement. It so happens that for those there is little incentive or even a possibility to take a buy out from a larger entity, especially since it's usually going to be American.
Big Canadian-owned corporations that are unsheltered by our government and that have staying power out there on the global free market are extremely rare.
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Bang on. For most Canadian and Quebecois companies, the most exotic locale they'll expand to is USA. If that fails, then they'll retreat back to Canada to remain a small bit player, and pray that someday they can join the elite club of government protected oligopolies. I guess because Canada itself effectively sits as an island (turtle island to be exact) without any visceral geopolitical or economic threats, Canadians and Quebecois alike are content to live in a constant state of blissful ignorance and isolation. This mindset extends to the country's business environment, like when Toronto was trying to promote itself as the "nice person's" silicon valley, which IMO just sounds like we aren't the least bit competitive.
I've always been surprised how little presence Quebec companies and funds have in France, despite the cultural affinities, CETA, etc. You would think France is the natural regional/international expansion HQ for Quebec companies if they have the foresight to look beyond the super competitive American market. French enterprises on the other hand are very active in Quebec. I wouldn't be surprised if CDPQ is the most active Quebec institution in France.