A Canadian payment giant is being sold to U.S. private equity. Is your digital privacy at risk?
https://www.cbc.ca/news/politics/moneris-deal-canadian-digital-sovereignty-9.7304962
https://www.cbc.ca/news/politics/moneris-deal-canadian-digital-sovereignty-9.7304962
16 Comments
obvs@lemmy.world · 24 pts · 9d
Well THAT's a step backward.
How did Canada make such a bad decision when the EU is running full speed in the opposite (correct) direction?
TribblesBestFriend@startrek.website · 12 pts · 9d
Because Carney is the little bitch of the American fund
Burghler@sh.itjust.works · 7 pts · 9d
Trump's dog PP wouldn't have been better. I suppose we have to see how this plays out
puppinstuff@lemmy.ca · 3 pts · 9d
I really doubt that. He has the negotiating instincts of an anxious chihuahua.
It’s okay if Carney was the best of all bad options at the time. Next time we can do better.
Auli@lemmy.ca · 0 pts · 5d
Why bit aim higher then a Douche and a shit sandwich. I can't believe that this is piolitics now. America had two senial old men fighting and we had two shitty options.
melsaskca@lemmy.ca · 2 pts · 8d
Maybe it's because corporations do their own fucking thing. Politicians hold little sway even with all those laws they created to protect the corporations (oops...I mean the citizens). My hot water tank finally gave up the ghost a few months back. Thanks Carney! /s
Tyrq@lemmy.dbzer0.com · 6 pts · 9d
There's still a lot of American fingers in our pie, one way or another, money still talks to the ones who won't be held accountable for selling out Canada
Bubbaonthebeach@lemmy.ca · 16 pts · 9d
I will blame Carney if the government doesn't put a stop to this. At very least it should be held to the 10% foreign ownership that banks are.
Jhex@lemmy.world · 13 pts · 9d
digital privacy? is that like unicorns?
fodor@lemmy.zip · 6 pts · 9d
Well, it is certainly gone now. The US has no privacy laws.
Jhex@lemmy.world · 1 pts · 9d
we never had it… most politicians around the world refused to act and codify any privacy protection into law
phoenixz@lemmy.ca · 12 pts · 9d
Private equity + any risk = yes
phoenixz@lemmy.ca · 9 pts · 9d
Yes
uhmbah@lemmy.ca · 3 pts · 8d
Moneris
"The Royal Bank of Canada and Bank of Montreal announced earlier this week they would be selling jointly owned Moneris, one of Canada's largest commerce solutions providers, to Francisco Partners for $2 billion."
betanumerus@lemmy.ca · 2 pts · 9d
well no, surely gvmnt will not allow more leverage to the US as a middleman between Canadian citizens. the credit card situation is offensive enough
IronKrill@lemmy.ca · 1 pts · 5d
We can hope, but the government has been too soft on corporations and "the free market" for a long time now. We'll see if Carney has the spine to do it.