Browse "Business & Economics"

Alphonse Desjardins (1854-1920) of Lévis, Quebec, was disgusted when he realized how poorly banks treated people – all people, not just those with questionable solvency. He saw how difficult it was for the working classes to make a go of it.

Originally modeled on the Canada Pension Plan, the Caisse de dépôt et placement du Québec was established on July 15, 1965, to manage funds deposited by the Régie des rentes du Québec, the province's pension board, which was created one month earlier.

 The caisse populaire was established in 1900 as a co-operative savings and loan company with nonfixed capital and limited liability in Lévis, Québec, by Alphonse DESJARDINS, a journalist and French-language stenographer in the House of Commons.

Calgary Herald, newspaper, was first published by Andrew Armour and Thomas Braden on 31 Aug 1883 as the Calgary Herald, Mining and Ranche Advocate and General Advertiser.

When Leonard Asper sits down with his morning papers, he doesn't read them just for the news, or to pick up the latest sports scores. Not any more.

Canada Company, brainchild of John GALT, established in late 1824 and chartered in 1825 as a land and COLONIZATION COMPANY in Upper Canada. In 1826 the company purchased from the government about 2.5 million acres (1 million ha) of land for $295 000.

Canada Corn Act, passed in 1843 by the British Parliament and applying to all grains, allowed Canadian wheat to enter the British market at a nominal duty, and flour manufactured in Canada at a proportionate rate.

Canada Development Corporation, headquartered in Toronto, developed and maintained Canadian-controlled and -managed companies in the private sector. Created in 1971 through a special Act of Parliament, the CDC helped to widen the investment opportunities open to Canadians.

Canada Land Inventory is a comprehensive federal-provincial survey of LAND capability and use for regional resource and land-use planning established under the Agricultural Rehabilitation and Development Act in 1961.

Canada Mortgage and Housing Corporation is the federal CROWN CORPORATION responsible for administering Canada's National Housing Act. CMHC was created in 1946 as the successor to the Wartime Housing Corporation, and until 1979 was called Central Mortgage and Housing.

The Canada Pension Plan (CPP) is an earnings-related, public pension plan that transfers income from workers to the retired. The CPP covers all Canadian workers except those in Québec who are covered by the parallel Québec Pension Plan (QPP). The Canada Pension Plan Investment Board manages about $300-billion in CPP assets, making it one of the largest pension fund managers in the world.

The CPC, under the Canada Post Corporation Act, has a broad mandate to operate a postal service for the transmission of messages, information, funds and goods and to provide other related services.

Canada Safeway Ltd is a food retailer with head offices in Winnipeg. Started as Safeway Stores Ltd in 1929, the company adopted its present name in 1947. In 1995, directly or through its subsidiaries, it operated 244 food retail stores from Ontario to BC.

Canada Savings Bonds differ from other government bonds in that they can be cashed at any bank for the face value plus accrued interest. They cannot be sold by the original buyer but must be held until cashed or until they mature (usually in 7 years) from the time they were bought.

In 1959 the St Lawrence Seaway was opened, linking the 5 Great Lakes and the St Lawrence River with the Atlantic Ocean. This allowed for much larger ships to replace the existing fleet of smaller vessels.

Canada Trust was established in 1864 in London, Ont to acquire savings deposits to fund mortgage lending, with trust services added later.

The North American Free Trade Agreement (NAFTA) is an economic free trade agreement between Canada, the United States and Mexico. Designed to eliminate all trade and investment barriers between the three countries, the free trade agreement came into force on 1 January 1994. In addition to being one of the most ambitious trade agreements in history, NAFTA also created the world’s largest free trade area. It brought together two wealthy, developed countries (Canada and the United States) with a less developed state (Mexico). The agreement built on the earlier Canada-US Free Trade Agreement (CUSFTA), which came into effect on 1 January 1989. After NAFTA was signed, trade and investment relations between the three countries expanded rapidly, but political co-operation remained weak. NAFTA continued to be controversial, particularly in the United States. In 2017, US President Donald Trump threatened to renegotiate or cancel the deal. After more than a year of negotiations, Canada and the US reached an agreement in principle on 1 October 2018. The renegotiated trilateral agreement was given a new title, the United States-Mexico-Canada Agreement (USMCA).

FOR THE FIRST TIME in his life, Buzz Hargrove didn't buy a new car last year after trading in his '99 Chrysler LHS. Instead, he got himself a Jeep, a luxurious 2002 Grand Cherokee. Now he admits he doesn't care much for it, that he's not one for an SUV.

“Canadian writers get as excited about trains as French writers do about sex,” wrote Silver Donald Cameron. No wonder, since the country owes its very existence to the railway.

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.