Regardless of how it looks, not having bothered to have read the article, I’m convinced that it is NOT in the best interests of either Quebec or Canadians for that matter to sell Rona to Lowe’s.
First and foremost, Lowe’s intention and without Home Depot’s lack of argument against a takeover over of Rona will limit competition. It’ll become another footnote in Canadian history just like the demise of Nortel Networks(although for an entirely different reason) and Bell Canada now called Bell.
If in my opinion Lowe’s wants entry into the Canadian marketplace, then let it do it on it’s own merits of being competitive, ingenious and giving Canadians the opportunity to improve their homeownership dreams of living with a better standard of quality that Home Hardware and all the smaller lumber and home improvement stores cannot do on their own because of limited market penetration and price points.
Furthermore, it sets precedence of selling every other Canadian company to foreign takeovers. Eventually you might as well call us America’s premiere market consumers with China controlling and being the deciding factor in how we live.
Hey, don’t get me wrong, if I could see an advantage – especially a business case for Lowe’s to buy Rona and truly be a market leader in taking business away from Home Depot, I would argue the point in it’s favor. For now I rest my case on it being not a good idea. Time will tell and for the moment, I stand my ground.
BTW – for all it’s worth, another potential downside is the shady business of what happens to our lumber and forestry industry and jobs. I’m not even going to go there commenting on it’s possible ramifications. Enough said.
Live~NRGY 
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