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Create AccountIt has been a long time since a Canadian government tried to force the auto industry to improve fuel efficiency. The energy crisis scares of the 1970s were still fresh memories when Pierre Trudeau's Liberals passed the Motor Vehicle Fuel Consumption Standards Act in 1982.
Economic regulation, a form of government intervention designed to influence the behaviour of firms and individuals in the private sector.
The Bank of Nova Scotia, commonly referred to as “Scotiabank,” is Canada’s third largest chartered bank. Incorporated in 1832, the bank has established itself as Canada’s most international bank through extensive operations throughout Latin America, the Caribbean, Central America and parts of Asia. It is also known as “Canada’s gold bank” because of its dominant position in bullion trading. The bank also operates three other business lines: personal banking, commercial banking, and wealth management. Scotiabank is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BNS and on the Trinidad and Tobago Stock Exchange under the symbol SBTT. In 2021, Scotiabank registered $31.25 billion in revenue and $9.96 billion in profit and held $1.18 trillion in assets. The bank employs more than 90,000 people, who serve more than 25 million customers around the world.
Founded in 1883, the Trades and Labor Congress of Canada (TLC) was the first union central to take lasting root in Canada. Principally bringing together craft unions, the TLC was the largest workers’ organization in Canada at the turn of the 20th century. The TLC saw its membership fluctuate in the 20th century because of the fierce competition between national and international unions and the rise of industrial unionism. In 1956, the organization merged with the Canadian Congress of Labour to become the Canadian Labour Congress.
This article was originally published in Maclean’s magazine on May 18, 1998. Partner content is not updated.
No, Levi-Strauss is not in talks to merge with Italy's Armani. Nor, as far as anyone knows, is McDonald's planning to team up with a chain of snooty French restaurants.John Jacobsen has been through a lot of boom and bust cycles over the past 30 years, but he's never seen anything quite like this. As vice-president in charge of operations for Calgary contractor Precision Drilling Corp.
Simpsons, Limited with head offices in Toronto, was the present-day successor to the dry goods store opened in 1872 by Robert SIMPSON in Toronto. Originally averse to the idea of running a "department store," Simpsons eventually added shoe and specialty food departments and a mail order business.
This article was originally published in Maclean’s magazine on 8 March 1999. Partner content is not updated.
George Petty is a plain-speaking guy, not prone to superlatives. So when he told Telus Corp. shareholders last April that he wanted to turn the Alberta telecommunications company into one of the worlds "premier communications" firms, he was not bluffing.Alcan Incorporated was a major Canadian aluminum mining and manufacturing corporation. From the early 1990s to the early 2000s, it was the second-largest aluminum producer in the world.The company was originally founded in 1902 as the Northern Aluminum Company Limited, located in Shawinigan, Québec. It was established as the Canadian subsidiary of the Aluminum Company of America (Alcoa), one of the founders of which invented the process for extracting aluminum from bauxite. Northern Aluminum was renamed the Aluminum Company of Canada in 1925, and in 1928, it formally detached from Alcoa. In 1966, it was again renamed, this time as Alcan Aluminum Limited (becoming Alcan Incorporated in 2001). In 2007, Alcan was purchased by the British-Australian multinational corporation Rio Tinto for $38 billion. Today, Rio Tinto continues to operate several smelters in the Saguenay–Lac-Saint-Jean region of Québec, as well as in Kitimat, British Columbia.
Leonard Asper wrapped up the last bit of business in the $3.5-billion deal that reshaped Canada's media landscape by cellular telephone in a car.
Prior to the First World War, Canada boasted 117 independent breweries. But by the early 1980s, just 10 brewing companies remained in Canada — and the three largest, Molson, Labatt and Carling O’Keefe — owned 96 per cent of the market.
BlackBerry Limited (formerly Research In Motion) is a mobile communications company. Founded in 1984 by Mike Lazaridis and Doug Fregin in Waterloo, Ontario, the company released its first device — a pager capable of email — in 1999. Following the release of its first smartphone in 2002, BlackBerrys quickly became must-have pieces of technology, first among business people and later the general public. However, in the early 2010s they struggled to keep pace with the competitive smartphone market. In 2016, the company announced it would outsource all hardware production to other companies, instead focusing on software development. Today, BlackBerry is credited with putting Waterloo on the map as an innovation hub. The business trades under the ticker BB on the Toronto Stock Exchange and BBRY on NASDAQ.
The pulp and paper industry consists of manufacturing enterprises that convert predominantly woody plant material into a wide variety of pulps, papers and paperboards. The Canadian industry began in the 1800s, and has undergone revolutionary changes over the years. Most recently, the move from newsprint to electronic media caused the industry to decline; however, pulp and paper remains a fundamental part of the Canadian economy, especially for remote and northern communities.
Shoppers Drug Mart is a wholly owned subsidiary of Loblaw Companies Limited, which itself is a subsidiary of George Weston Limited. It operates drugstores, pharmacies, medical supply stores and beauty boutiques. Its retail chains include Shoppers Drug Mart, Pharmaprix, Shoppers Simply Pharmacy, Pharmaprix Simplement Santé, Wellwise and Murale. It also owns a patient assistance provider and drug distributor (Shoppers Drug Mart Specialty Health Network), a supplier of pharmaceutical products and services for long-term care homes (MediSystem Technologies), and a non-surgical cosmetic clinic (The Beauty Clinic). In 2018, Shoppers Drug Mart operated more than 1,300 stores. It is headquartered in Toronto, Ontario.
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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.
Traditionally the difference between small press publishers and trade publishers has been one of scale, purpose and ideology. Trade publishers are entrepreneurs with large operations, comprising many departments and geared to market books that will be profitable.
The Canadian Labour Congress is a national Union central founded on 23 April 1956 from the merger of the Canadian Congress of Labour and the Trades and Labor Congress of Canada.
Martin is ready to table legislation as early as February to make it easier for foreign banks to open branches here. They are now required to set up Canadian subsidiaries with enough assets to back up any deposits they take in at Canadian branches.
Over the past year, Jean Monty has been buying up properties and piling them on top of one another much like a winner at a blackjack table stacks his chips in multicoloured towers. In February, the chairman and chief executive of BCE Inc. dished out $6.8 billion for control of Teleglobe Inc.
This article was originally published in Maclean’s magazine on March 18, 1996. Partner content is not updated.
If Martin has his way, there will be one more budget - if only because he could then announce the virtual elimination of the federal deficit by the turn of the century.
