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Shift in Canada Seen Helpful to US Investments
Ottawa observers see a softer Canadian government stance toward American investment after the resignation of Finance Minister Walker L. Gordon. Mitchell Sharp becomes acting finance minister and leads the right wing in the Liberal Party, while Gordon headed the left. Gordon's 1963 budget proposals triggered international uproar, including a 30 percent tax on sales of Canadian corporations to foreigners. His successors may ease anti foreign takeovers of Canadian banks and publications.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
Walker L. Gordon
Gordon
U.S
Commerce
Mitchell Sharp
Sharp
Lester Pearson
Liberal Party
Pearson