Harpers Latin American Success

Remember that mission to Latin America and the Caribbean that the Harper went on in July to promote development and bi-lateral trade. He missed Cuba, Venezuela, and Bolivia, but made it to Chile. Looks like the mission was a success.

Scotiabank to buy major stake in Chilean bank

Of course we just lost another thousand jobs at GM in Oshawa, despite all the corporarte welfare they got and the previous cuts announced this spring.

And Stelco just got bought by U.S. Steel.While we de-industrialize while watching Canadian resource companies get sold off to foreign capital, Canadian Banks go offshore to invest.

Of course when we think of trade and development Banks buying Banks is not what comes to mind. But thanks to all those bank fees, ATM charges, and tax breaks from the Canadian Government they have excess profits to invest. Profits made off the backs of their workers and Canadian taxpayers.

Bank of Nova Scotia's (BNS/TSX) international group may have taken a back seat to its domestic cousin when the company reported stronger-than-expected third quarter results Tuesday, but it still proved there is plenty of money to make overseas.

Profits at Scotiabank rose 9% year-over-year to $1-billion in the quarter, as domestic operations rung in profits of $391-million, up 23% from last year.

The international group, for their part, turned in profits of $270-million, a 15% increase from the year previous, after Scotia CEO Richard Waugh said operations in Peru, the Caribbean, South America and Chile all reported strong results.

SEE:

Contientalism

Afghanistan or Africa

Bank Union

Left Wing Pragmatism

Banks Profit From Job Cuts

Find blog posts, photos, events and more off-site about:
Imperialism, Trade, Scotia Bank,
Latin America, Harper, Chile, Bank,
Canada, capitalist-state,

Steel Merger

US Steel to buy Stelco for $1.1bn

This was the merger the Steelworkers union was looking for. And how much it was facilitated by the USW President Leo Gerard, who is from Canada, well that's anyone's guess. Wink, wink, nudge, nudge, know what I mean.

It's just good fortune that they both share the same union. A union that practices and advocates for mergers and acquisitions.

SEE:

Mittal Plays Monopoly

Find blog posts, photos, events and more off-site about:
Leo Gerard, Steelworkers, Untied Steelworkers Union, Amicus, 
General Transportation Workers Union, Mittal, Mergers, Canada, Stelco, US Steel, 
Free Trade, job cuts, layoffs,

Canada
Steel
Dofasco
Mittal
ThyssenKrupp
Arcelor
Monopoly Capitalism