Federal New Democrats Will Stop U.S. Billionaire-Backed Buyouts That Leave Canadian Workers Behind

If it is brought to power, the New Democratic Party (NDP) promises to adopt stricter rules in cases where foreign investors would like to take control of Canadian companies.

Federal New Democrats Will Stop U.S. Billionaire-Backed Buyouts That Leave Canadian Workers Behind

“When New Democrats brought forward legislation to protect severance, vacation pay, and pensions during bankruptcies, the Liberals blocked it. The Conservatives didn’t lift a finger.” A Federal Election Message from NDP Leader Jagmeet Singh Posted April 7th, 2025 on Niagara At Large Short of a miracle, the days of this Hudson Bay store at the Pen Centre in St. Catharines/Niagara are numbered. And what will become of those who work there and any …

NDP Will Stop American Billionaire-Backed Buyouts that Leave Canadian Workers Behind

TORONTO – As iconic Canadian companies like Hudson’s Bay are dismantled and sold off by foreign private equity firms, NDP Leader Jagmeet Singh announced that an NDP government will bring in tough new rules to stop billionaire-backed investors from buying up Canadian businesses just to strip them for parts and abandon workers.