The Canada Lands Company/CN Real Estate acquired the real estate holdings of the Canadian National Railway, worth billions of dollars. The Trump International Hotel and Tower, over 900 feet high, was built on CNR land in Toronto.
Over 5,000 people lost their jobs, when the CNR shops in Moncton, New Brunswick were shut down. General Motors in Oshawa, Ontario was a major customer of "The People's Railway"; they built most of the CNR's first generation diesel locomotives.
Train derailments in Canada have increased ever since the privatization of the railway, and "a lot of CN's property is very remote and next to impossible to get to without their cooperation" according to "The Tyee - One Wreck after Another". Transport Canada permits the publicly-traded company to run trains that are 80 car lengths; but CN has allegedly exceeded that limit, to over 100 cars on some routes.
The Crown corporation owned several subsidiaries, which of course are gone now.
Via Rail, a Canadian Crown corporation, has to pay CN to use it's tracks, and Via Rail does not have priority use of the tracks. Thousands of miles of CNR tracks were lifted from the ground, and probably sold as scrap metal.
CN is a billion-dollar business, while the Crown corporation CNR was a service---the railway linked remote parts of Canada, and the fares were affordable (I bought a Railway Pass for $100 dollars in 1973, which gave me the opportunity to see Canada from coast-to-coast.) Hollywood director George Lucas, the creator of "Star Wars", recently travelled across Canada on Via Rail.
CN discontinues "unprofitable" routes, something that the Crown corporation never considered, because the government was committed to providing much-needed infrastructure; delivering mail to remote areas of Canada; uniting the country...today, CN Rail is more interested in raking in profits, for the benefit of shareholders including Bill Gates.
When CN Rail decommissioned its Main Rail Line in Algonquin Provincial Park in Ontario, the procedure was allegedly not carried out in an environmentally responsible or timely way.
A CNR Roundhouse was demolished to make way for the SkyDome/Rogers Centre. The Canada Lands Company owns the land underneath the Rogers Centre. Larco Developments owned the Fairmont SkyDome Hotel, which is attached to the SkyDome/Rogers Centre; in 2007, Larco Developments bought nine federal buildings-the Harry Hays Federal Building in Calgary; Canada Place in Edmonton; the Sinclair Centre in Vancouver; the Thomas D'Arcy McGee Building in Ottawa...the list goes on.
Karlheinz Schreiber, a German-Canadian businessman, never had the chance to elaborate on a comment he made:
KHS: "Though I must not go into it at the moment, when you have some questions later, I am prepared to speak about the Americans involved, everybody;...it benefited the Americans and the Europeans to stop the train industry."