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Canada's 'corporate hollowing' continues

The US$10 billion acquisition of Canada’s third most valuable gold producer by market capitalisation, Goldcorp, is another step in Canada’s ‘corporate hollowing’, as outsiders swoop in via major takeover deals and relocate head offices and talent elsewhere.

Canada's 'corporate hollowing' continues Canada's 'corporate hollowing' continues Canada's 'corporate hollowing' continues Canada's 'corporate hollowing' continues Canada's 'corporate hollowing' continues

Newmont CEO Gary Goldberg says the new mega gold major will have significant Canadian board representation

According to some in the industry, the deal accelerates the perception that Canada, and specifically its global corporate hubs, Toronto and Vancouver, are losing their mining clout as majors