Canada: Hanging Out the Welcome Sign

The new Prime Minister offers assurances to U.S. investors

The message was clear. "Canada is open for business again," said Brian Mulroney. His audience, 1,450 U.S. executives and their guests at an Economic Club of New York dinner in Manhattan's Hilton Hotel, evidently liked what they heard: they gave Canada's new Prime Minister two standing ovations. Mulroney, 45, vowed that his government would be "there to assist and not to harass the private sector in creating new wealth and the new jobs that Canada needs."

In the minds of many U.S. businessmen, that...

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