The Grand Trunk
The Grand Trunk Pacific
Canadian Northern
Transcona
Hudson's Bay Railway
Intercolonial Railway of Canada.
Prince Edward Island Railway.
6,000 bridges, train stations and tracks that were later abandoned or sold. He balkanized a crown jewel that was created to unite this country from coast to coast.
2.) The government of Canada is lifting restrictions on the ownership of CN; the world's richest man may be permitted to own 25% instead of the current 12%.
3.) The passenger train service Via (the taxpayers of Canada) gives the global corporation millions of dollars a year to use railway tracks. During the year 1995 Via gave the Crown corporation $50 to $55 million a year for that "privilege." (See my blog from March 21, 2020.)
4.) Bill Gates controls Cascade Investments. Cascade is a John Deere and Company investor and Berkshire Hathaway investor.
John Deere manufactures railway equipment along with many other endeavors.
Berkshire Hathaway owns BNSF, a railroad focused on the western 2/3 of the United States.
When CN was Canadian-owned, railway cars and equipment were manufactured and repaired at facilities in Toronto; Moncton, New Brunwick; Transcona in Winnipeg, Manitoba; and Montreal: Below: The shops in Point-Sainte-Charles, Montreal:
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| Moncton Shops, New Brunswick. |
Hon. Douglas Young: "I am pleased to open debate on Bill C-89, an act to commercialize the Canadian National Railway...In 1923 the federal government completed the amalgamation and takeover of five privately run railways:
The Grand Trunk
Grand Trunk Pacific
Canadian Northern
Transcona and the Intercolonial. CNR was the result.
With the help of the deep pockets of Canadian taxpayers, CN grew into what it is today...Under this bill, 100% of the government's share in CN will be sold in a public offering. A maximum of 15 percent of shares may be held by any one individual or company; there will be no restrictions on foreign investors."
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