Browse "Business & Economics"

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Macleans

Ontario Hydro's $6 Billion Loss

It was a sight to behold: men and women who have dumped all over the province's public electrical utility from the dawn of political time, running in rhetorical circles in an effort to persuade worried voters and nervous consumers that Ontario Hydro's decision to write $6.

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Otto Higel Co. Ltd.

Otto Higel Co. Ltd. Toronto manufacturer of piano and organ supplies. The company was founded in 1896 by Otto Higel (b Silesia, Germany, 1869, d Toronto 2 Jul 1930), who had bought the Toronto piano action and key manufacturing business of F.

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Pacific Fur Company

The Pacific Fur Company was established on 23 June 1810 and headed by New York fur dealer John Jacob Astor. Principal partners included ex-Nor'Westers Alexander McKay, Donald McKenzie and Duncan McDougall.

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Pacific Western Airlines Ltd

In 1984, with the advent of the Economic Regulatory Reform (ERR), most of Canada experienced a deregulation program similar to that in the United States. The ERR had several significant effects. Two large trunk carriers, CAI and Air Canada, emerged, competing on major domestic routes.

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Pay Television

Although undertaken experimentally in Etobicoke, Ontario, between 1960 and 1965, pay television as a major venture was licensed only in March 1982, after a decade of debate.

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Peasant Farm Policy

From 1889 to 1897, the Canadian government’s Peasant Farm Policy set limits on Indigenous agriculture on the Prairies. The policy included rules about the types of tools First Nations farmers could use on reserve lands. It also restricted how much they grew and what they could sell. The Peasant Farm Policy was built on the belief that Indigenous farmers had to gradually evolve into modern farmers. It also reduced these farmers’ ability to compete with settlers on the open market. The policy ultimately impeded the growth and development of First Nations farms. As a result, First Nations never realized their agricultural potential.

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Petro-Canada

Petro-Canada, created by the federal government in the mid-1970s as Canada's national oil company, was the offspring of the world energy crisis, Canadian ECONOMIC NATIONALISM, and a tradition of state-supported development of the country's costly energy frontier.

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Petrochemical Industry

The petrochemical industry, which produces chemicals using OIL AND NATURAL GAS as major raw materials, occupies an important position in Canada's MANUFACTURING and consuming sectors. Oil and natural gas are composed primarily of hydrocarbons. Most petrochemicals contain hydrogen or carbon or both.

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Petroleum

Since its first commercial exploitation in the 1850s, petroleum has become the major energy source of Canada and the industrial world.

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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Political Party Financing in Canada

The financial activities of political parties in Canada were largely unregulated until the Election Expenses Act was passed in 1974. Canada now has an extensive regime regulating federal political party financing; both during and outside of election periods. Such regulation encourages greater transparency of political party activities. It also ensures a fair electoral arena that limits the advantages of those with more money. Political parties and candidates are funded both privately and publicly. Election finance laws govern how parties and candidates are funded; as well as the ways in which they can spend money. (See also Canadian Electoral System.)

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Power Corporation of Canada

Power Corporation of Canada, controlled by Paul Desmarais Jr. and André Desmarais (sons of the late PAUL DESMARAIS), was incorporated in 1925. It is a large and diversified company engaged in communications and financial services, as well as other business interests.

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Print Industry

Prior to the printing process of putting impressions on paper, foil, plastic or cloth, there are pre-press procedures such as design, artwork, layout, creation of type or graphics, film and platemaking, and press makeready. In the past all these processes were done by hand or camera.

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Pro Pelle Cutem

Pro pelle cutem (a Latin phrase meaning “a pelt for a skin”) is the traditional motto of the Hudson’s Bay Company (HBC). It was adopted soon after the company received its charter in 1670 and has remained on the HBC coat of arms, apart from a brief period of rebranding between 2002 and 2013.