$1:
its only a matter of time before we completely sell out
Before we completely sell out what?
Let me remind you that these are privately owned companies. You may 'want' to view them as Canadian icons, they are not. They are owned by shareholders who want and expect to see a fair return on their investment dollar, and so - it goes to the highest bidder. Welcome to democracy and capitalism.
On the emotional front, it is too bad HBC is departing, but it was either that or completely down the toilet; after all it was HBC fur traders that opened up this great country and brought commerce and firewater to the locals and created the Metis.