Ever since Canada's Prime Minister John Diefenbaker served notice in Parliament last November that his Tory government would seek legislation requiring "Canadianization" of foreign-controlled corporations in Canada, U.S. executives have uneasily wondered precisely what he had in mind. Last week the government introduced a "disclosure of information" bill that, as a first step in the program, proved unexpectedly easy to live with. For all the rambunctious tone of recent expressions of Canadian nationalist sentiment, the bill is sensibly designed to elicit the facts on the operations of U.S. business concerns and...
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