M&A will remain high in '08 and shouldn't be feared since Canada can keep up

December 19 - The Canadian Press - CEO Peter Marrone, who transformed his Yamana Gold into the world's fifth-largest gold miner through two major deals this year, says investors should stop fretting about the "hollowing out" of corporate Canada and embrace consolidation secure in the knowledge that the country's young industries have the muscle to keep growing.

While it's true that many well-known Canadian brands were swept up by big multinationals in a record-breaking year of billion-dollar mergers in sectors from mining to oil and gas to entertainment and retail, that doesn't mean the country is being sucked dry, Marrone says.

"People have talked about the hollowing out of Canadian industry going back probably the better part of the 25 years that I've been in the financial world," he says. Read More.