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Macleans

Newcourt Credit

This article was originally published in Maclean’s magazine on February 23, 1998. Partner content is not updated.

Steven Hudson learned early about the power of performance-based compensation. As a teenager in Scarborough, Ont., he took a job at a bingo hall for seniors, pushing a refreshment cart up and down the aisles. The more chips and popcorn he sold, the more money he took home.

Macleans

Martin's 1998 Budget

This article was originally published in Maclean’s magazine on March 9, 1998. Partner content is not updated.

There were still three weeks remaining before budget day when Finance Minister Paul Martin sat down one afternoon for a strategy session in his fifth-floor office in the Centre Block of the Parliament Buildings.

Macleans

Philip Services Corp

There has been growth - but, lately, in the field of bad news (page 54). On Jan. 27, the company announced an after-tax loss in 1997 of close to $260 million. That figure, the firm acknowledged, included $88 million worth of reclaimed copper that Philip could not account for.

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Career counselling

Career counselling. Musically talented children wishing to study music seriously usually receive counselling from their music teachers, both private and school.

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Corel Corporation

Corel Corporation is a world leader in the development of graphics and multimedia software. Founded in June 1985 by Michael COWPLAND, the company is now Canada's largest software developer and ranks second to Microsoft for application software companies worldwide.

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Lesage Pianos Ltd.

Lesage Pianos Ltd. A piano and organ manufacturing firm established in Ste-Thérèse-de-Blainville (renamed Ste-Thérèse), near Montreal, early in 1891 by Damase Lesage (d September 1923 or 1924). In 1892 Lesage went into partnership with Procule Piché and the firm became Lesage & Piché.

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One Big Union

The One Big Union (OBU) was a radical labour union formed in Western Canada in 1919. It aimed to empower workers through mass organization along industrial lines. The OBU met fierce opposition from other parts of the labour movement, the federal government, employers and the press. Nevertheless, it helped transform the role of unions in Canada.

Click here for definitions of key terms used in this article.

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Exports from Canada

Exports are goods or services that residents of one country sell to residents of another country. Since its earliest days, Canada’s economic prosperity has relied on exports to larger markets; first through its colonial ties to Britain and later due to its geographic proximity to the United States. Billions of dollars of goods and services cross Canada’s border each year. (See International Trade.) Exports make up about a third of Canada’s gross domestic product (GDP). In 2019, Canadians exported $729 billion worth of goods and services. Almost 75 per cent of Canada’s total exports go to the United States. (See Canada-US Economic Relations.) Other major markets include the European Union, China and Japan.

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On to Ottawa Trek and Regina Riot

In April 1935, about 1,500 residents of federal Unemployment Relief Camps in British Columbia went on strike. They travelled by train and truck to Vancouver to protest poor conditions in the Depression-era camps. After their months-long protest proved futile, they decided to take their fight to Ottawa. On 3 June, more than 1,000 strikers began travelling across the country, riding atop railcars. By the time they reached Regina, they were 2,000 strong. But they were stopped in Regina, where the strike leaders were arrested, resulting in the violent Regina Riot on 1 July 1935.

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Minimum Wage

Minimum wage is the lowest wage rate that an employer is legally permitted to pay to an employee. In Canada, provinces and territories regulate minimum wage (see Provincial Government in Canada; Territorial Government in Canada). The federal government also sets a minimum wage for employees covered by Part III of the Canada Labour Code. Minimum wage policy was originally established to protect vulnerable workers from exploitation, and it continues to be used by governments to safeguard non-unionized workers (see Labour Force; Unions).

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Agriculture and Food Policy

Federal agricultural policy is intended to serve national economic and political goals as well as the interests of those directly involved in and affected by Canadian agriculture - primarily producers, food processors, distributors, retailers and consumers.

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Small Presses in French

Small publishing houses are closely linked to the birth and growth of distinct Québec literature. Living on the fringe of the big houses (themselves dependent on the educational market), they publish and thus help assure the survival of certain types of more marginal material and ideas.

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Recession in Canada

A recession is a temporary period of time when the overall economy declines; it is an expected part of the business cycle. This period usually includes declines in industrial and agricultural production, trade, incomes, stock markets, consumer spending, and levels of employment. In purely technical terms, a recession occurs when two or more successive quarters (six months) show a drop in real gross domestic product (GDP), i.e., the measure of total economic output in the economy after accounting for inflation. In this sense, recessions are broad and can be particularly painful and challenging times for a country.

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Media Bias in Canada

Bias means supporting or opposing something or someone in an unfair way, regardless of the evidence. Media bias is when information spread by media or a news outlet reflects the interests and biases of ownership or individuals of that media company. Corporations may have a clear bias for one political party or issue and may influence its media outlets to reflect that bias. Individual journalists or news outlets may favour one side of an issue and reflect that bias — consciously or unconsciously — in the way they cover stories. The fact that a majority of journalists in Canada are White can also lead to biased reporting on minority groups. People can overcome unconscious bias by thinking and talking about it, and especially by listening to people from less privileged backgrounds.