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Create AccountWhile Canada's dollar crisis reached a boiling point last week, Mexican Foreign Minister José Angel Gurria was in Canada for emergency meetings with bankers and senior federal ministers in an effort to shore up confidence in his country's own floundering currency.
The WEM remains the largest shopping centre in North America. It was among the first shopping centres to offer a wide range of amenities, from water parks to themed streets - attractive at any time of year but particularly during winter.
Abitibi-Price Inc is the world's largest producer of newsprint. The company was incorporated as Abitibi Power & Paper Company Ltd in 1914 to acquire Abitibi Pulp & Paper Company, Ltd (founded in 1912).
The dollar became the official monetary unit of the Province of Canada on 1 January 1858 and the official currency of Canada after Confederation.
This article was originally published in Maclean’s magazine on November 2, 1998. Partner content is not updated.
Necessary downsizing or corporate greed? Canadian National Railway Co.s announcement last week of plans to slash 3,000 jobs quickly prompted those diametrically opposed views. CN executives said the cuts were required to make the company more competitive.Manitoba, Saskatchewan, Alberta and British Columbia constitute Western Canada, a region that accounts for 35 per cent of the Canada’s gross domestic product (GDP). The economic history of the region begins with the hunting, farming and trading societies of the Indigenous peoples. Following the arrival of Europeans in the 18th century, the economy has undergone a series of seismic shifts, marked by the transcontinental fur trade, then rapid urbanization, industrialization and technological change.
This article was originally published in Maclean’s magazine on February 12, 1996. Partner content is not updated.
When he stepped into the job of president at Canadian Airlines International Ltd. four years ago, Kevin Jenkins decided to learn the ropes the hard way.Globalization is the process of integration and interdependence of people and countries around the world.
A free trade area as defined by the General Agreement on Tariffs and Trade (GATT) is "a group of two or more customs territories in which duties and other restrictive regulations of commerce... are eliminated on substantially all the trade between the constituent territories in products originating in such territories."
First, the good news: the bear didn't strike in 1997, although only the hard-of-hearing could have missed the growling and gnashing of teeth off in the distance.
The Automotive Products Trade Agreement of 1965, better known as the Canada-US Auto Pact, led to the integration of the Canadian and US auto industries in a shared North American market. While it brought great benefits to Canada, it was eventually found to be contrary to international trade rules and was cancelled in 2001. By then it had accomplished its biggest goal — an integrated North American industry with a much stronger Canadian presence.
To its most devoted fans, grabbing a Tim Hortons double-double on the way to work is almost a religious experience. The Church of Tim's, as it's only-somewhat-jokingly called, has such a firm grip on the Canadian psyche even the clergy are prone to bouts of envy.
Aquaculture is the human-controlled cultivation and harvest of freshwater and marine plants and animals. Synonyms include fish farming, fish culture, mariculture, fish breeding and ocean ranching.
This article was originally published in Maclean’s magazine on July 5, 1999. Partner content is not updated.
There was a time when it was one of those textbook facts drummed into the heads of schoolchildren, never to slip the mind: Canada and the United States share the longest undefended border in the world.Its principal activities are in mining, manufacturing, forest products and oil and gas exploration, with its subsidiary, Noranda Sales Corporation Ltd, handling worldwide sales. Noranda has properties in Canada, the US and overseas, including South America and Australia.
This article was originally published in Maclean’s magazine on January 15, 1996. Partner content is not updated.
The discussion, says Berukoff, was not exclusively about business. But it is Berukoff's business in Cuba that makes him so intriguing.As the social evils of industrialization and urbanization unfolded in the later 19th century, many Canadians saw the basic problem as an excess of individualism.
Reciprocity was a free trade agreement between the United States and Canada. It mutually reduced import duties and protective tariffs on certain goods exchanged between the two countries. It was in effect from 1854 to 1866 and was controversial at times on both sides of the border. It was replaced in 1878 by the Conservative Party’s protectionist National Policy. It involved levying tariffs on imported goods to shield Canadian manufacturers from American competition. A narrower reciprocity agreement was introduced in 1935 and expanded in 1938. However, it was suspended in 1948 after both countries signed the General Agreement on Tariffs and Trade (GATT).
This article was originally published in Maclean’s magazine on April 27, 1998. Partner content is not updated.
This time, Paul Martin kept his cool. Last January, the Bank of Montreal and Royal Bank announced plans to merge and create one superbank, with assets of $453 billion.When it comes to taking care of personal finances, Bohdan Dolban, 32, and his wife, Mary, 35, are about as good as it gets. His job as a sales representative for a Toronto packaging company and hers as a systems analyst give them a family income of about $85,000, and every cent is put to good use.
