Quote:
Originally Posted by Ozy_Flame
How did they survive during the years prior and up to that of 12%?
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The company's asset bases were more Alberta and Canada focused at the time and moving head offices to the US wouldn't have made any sense because they didn't have large US businesses then. Since that time period Enbridge and TC in particular have expanded by buying large companies and assets in the US that in of themselves rival their Canadian businesses since many of their Canadian growth projects were killed by our inability to build pipelines. Now CP has made a major acquisition of KC Southern. Any more acquisitions by CPKC there and they could be more US based than Canadian. To keep our big businesses we need to view their economic impact more holistically than simply as a cow to milk for more funds because they are not entirely captive in Alberta. These companies wouldn't be moving to BC or Ontario, they would be moving out of the country so again, being lowest in an uncompetitive country such as Canada isn't the point.