Saudi Arabia Reportedly Selling-Off Canadian Assets

Analysts say sell-off could hurt investor confidence in Saudi Arabia.

Saudi Arabia’s escalation of actions against our country continues.

There are now reports that their central bank and their state pension funds are selling-off Canadian assets.

It is being said that the assets are being sold-off “no matter the cost.”

According to the Financial Times, “The sell-off began on Tuesday and underlines how the Gulf monarchy is flexing its financial and political muscle to warn foreign powers against what it regards as interference in its sovereign affairs. “This is severe stuff,” said one banker.”

However, Saudi Arabia may pay a price for their massive overreaction:

“Analysts say Riyadh’s decision to sell off Canadian assets risks further undermining business confidence in the kingdom. “These sort of actions are not going to assure minds about the stability of doing business there,” said a leading emerging markets investor.”

Interestingly, Saudi Arabia still seems to want the $15 billion in weapons that Canada is selling to them. Cutting off that deal and banning future weapon sales to Saudi Arabia would be a way for the Canadian government to retaliate and send a clear message that Canada won’t be pushed around.

Yet, so far, the Trudeau government has failed to retaliate or hit back in any way.

Spencer Fernando

Photo – YouTube

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yvon monahan
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yvon monahan

I wish the TURD-O would call an election right now !

Ron Voss
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Ron Voss

Hope the sell-offs include their mosques.

Frances
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Frances

Does that mean someone else gets to own the Canadian Wheat Board?

Rather than cut off exports to KSA, I think Canada should cut off imports, especially oil.

NancyW
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NancyW

Investor confidence in Canada is failing with radical agendas, our red tape and laws, foreign investors are given more free reign and tax breaks, than Canadians in business. Our, investment dollars help foreign countries more than our own. Since billions of dollars are already fleeing Canada, maybe that is why our pie in the sky, foreign owned one world puppet government is interfering in other countries, we the people of Canada must be brought down to the poor countries around the world levels so the totalitarians and communists that the Lieberals want to become as our dictators. as we starve… Read more »

Glen
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Glen

Saudi’s have just taken things too far. But they know they can because Trudeau and the liberals are so weak and pandering!!! Sad!!

bob kelly
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bob kelly

It does n t matter what the saudis are doing one can t do much about that

and justin has already has taken the cowards approach – which was, he was bragging that he would speak out again justin should be focused on getting our oil and gas to both coasts and then we can cut all ties with these backward people from the year 1, they have no interest in living and participating in a democracy

Jacqueline CLEROUX
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Where’s the money supposed to come from to build these pipelines now? All the regulations,protests & barriers have scared investors away.Besides, why would protesters have stopped the pipelines when rule of law could have been applied?Canada would have to incur more debt to build them since so much $ has left the country for foreign aid.Canada should use a little diplomacy and make a deal.Tell the Saudis that they’re correct about our human rights & the Aboriginals, but if they set Badawi free, we’d let then have the military vehicles for more $ & thx to then,we’d fix our human… Read more »