{"id":18773,"date":"2019-01-15T13:41:30","date_gmt":"2019-01-15T18:41:30","guid":{"rendered":"https:\/\/carleton.ca\/history\/?p=18773"},"modified":"2024-07-03T19:51:01","modified_gmt":"2024-07-03T23:51:01","slug":"matt-bellamy-talks-about-canadian-companies-in-the-globe-and-mail","status":"publish","type":"post","link":"https:\/\/carleton.ca\/history\/2019\/matt-bellamy-talks-about-canadian-companies-in-the-globe-and-mail\/","title":{"rendered":"Matt Bellamy Talks About “Canadian” Companies in the Globe and Mail"},"content":{"rendered":"\n
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\"Matt<\/a><\/figure>\n\n\n\n

Professor Matt Bellamy<\/a> of the History Department has contributed an article to the January 11, 2019 edition of the Globe and Mail. A short excerpt of his article “What happens when Canadian companies stop flying the flag<\/a>” can be found below with the full article available online.<\/p>\n\n\n\n

When General Motors announced in late November that it would be closing its plant in Oshawa, Ont., the outrage was immediate \u2013 and perfectly understandable. Here was a strategic move on the part of a multinational company, tearing out roots and slashing the manufacturing jobs that were the lifeblood of the town. Add in the billions of dollars that Ottawa had spent to keep the company in Canada, and it\u2019s easy to see why Canadians would take this so personally.<\/p>\n\n\n\n

Meanwhile, the recent news about Barrick Gold<\/a> \u2013 that it would lay off more than half of the staff at its Toronto head office in the wake of a merger with Randgold, an African operator headquartered in the Channel Islands, and revamp its board of directors to leave just one Canadian-born member who lives in New York \u2013 hasn\u2019t stirred the emotions in quite the same way. Fair enough, too: Much of Barrick\u2019s business, since it transitioned from a money-losing oil and gas firm to a money-spinning mining company, has happened outside of Canada, in places such as the United States, Australia, the Dominican Republic, Peru, Argentina and Chile. And even though the company\u2019s dynamic founder, Peter Munk, lived in Canada for seven decades, he passed away in March. Besides, even if industry veteran Pierre Lassonde says these recent moves effectively mean that Barrick is \u201cnot going to be a de facto Canadian company, period,\u201d the company\u2019s new chief executive, Mark Bristow, insists he plans to keep the headquarters in the city. So does it really matter that Barrick\u2019s \u201cheart\u201d isn\u2019t wrapped in red and white?<\/p>\n\n\n\n

But Canada\u2019s diminished presence in Barrick\u2019s head office might actually be more lamentable, and a bigger blow to the national fabric. And the reasons go beyond Canadian culture\u2019s usual inferiority complex, which gets inflamed when a homegrown kid leaves town.<\/p>\n","protected":false},"excerpt":{"rendered":"

Professor Matt Bellamy of the History Department has contributed an article to the January 11, 2019 edition of the Globe and Mail. A short excerpt of his article “What happens when Canadian companies stop flying the flag” can be found below with the full article available online. When General Motors announced in late November that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[43,1],"tags":[],"class_list":["post-18773","post","type-post","status-publish","format-standard","hentry","category-history","category-news"],"acf":{"cu_post_thumbnail":"news"},"_links":{"self":[{"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/posts\/18773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/comments?post=18773"}],"version-history":[{"count":1,"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/posts\/18773\/revisions"}],"predecessor-version":[{"id":18774,"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/posts\/18773\/revisions\/18774"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/media?parent=18773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/categories?post=18773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carleton.ca\/history\/wp-json\/wp\/v2\/tags?post=18773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}