As one of his last official acts in Canada, retiring U.S. Ambassador R. Douglas Stuart tackled the thorniest current problem of Canada-U.S. relations: the vague but growing notion that U.S. investment capital is seizing control of the Canadian economy. In a blunt speech last week to the Canadian Club of Vancouver, he spelled out the contribution of foreign investors to Canada's economic expansion and paid his polite disrespects to those who seemed bent on stirring up trouble between good neighbors.
"The alleged domination by U.S. capital of Canadian industry and national resources . ....
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