Browse "Business & Economics"

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Canadian Foundations

Foundations are "non-governmental, non-profit organizations with funds (usually from a single source, either an individual, a family, or a corporation) and program managed by (their) own trustees or directors, established to maintain or aid social, educational, charitable, religious, or other activities serving the common welfare through the making of Grants".

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Canadian Free Trade Agreement

The Canadian Free Trade Agreement (CFTA) is an inter-governmental trade agreement regulating trade within Canada. It took effect on 1 July 2017. The goal of the agreement was to reduce or eliminate regulations against the free movement of goods, services, and investments within Canada. The officials who framed the new deal said they wanted to ensure that Canadian firms got the same access to the Canadian market as firms from the country’s international trading partners. CFTA also more closely matches the terms of the Canada-European Union Comprehensive Economic Trade Agreement (CETA), which began taking effect in 2017.

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Canadian Imperial Bank of Commerce (CIBC)

The Canadian Imperial Bank of Commerce, commonly known as CIBC, is the fifth largest chartered bank in Canada. It was created through the 1961 merger of two Ontario-based banks, the Canadian Bank of Commerce and the Imperial Bank of Canada — the largest merger of two chartered banks in Canada’s history. Today, CIBC operates its business in Canada and abroad through three divisions: retail and business banking, wealth management, and capital markets. CIBC is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol CM. In 2018, CIBC registered $17.8 billion in revenue and $5.3 billion in profit and held $597.1 billion in assets. The bank employs approximately 44,000 people, who serve 10 million customers.

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Canadian Labor Union

Founded in 1873 on the initiative of the Toronto Trades Assembly, the Canadian Labor Union represented organized labour's first attempt at a national federation. Moderate in ideology and practice, the CLU would only extend support to striking members who had sought arbitration first.

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Canadian National Railway (CN)

Canadian National Railway Company, incorporated 6 June 1919, is the longest railway system in North America, controlling more than 31,000 km of track in Canada and the United States. It is the only transcontinental rail network in North America, connecting to three coasts: Atlantic, Pacific and Gulf of Mexico. Known as Canadian National (CN), the former Crown corporation expanded its holdings to include marine operations, hotels, telecommunications and resource industries. However, the core of CN was still its railway system, which had its origins in the amalgamation of five financially troubled railways during the years 1917–23: the Grand Trunk and its subsidiary, the Grand Trunk Pacific; the Intercolonial; the Canadian Northern; and the National Transcontinental. In 1995, CN was sold to private investors. CN is primarily a rail freight company and transports approximately $250 billion worth of goods annually. In 2016, it earned over $12 billion in revenue and employed over 22,000 people in Canada and the US.

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Canadian Northern Railway

Canadian Northern Railway was incorporated (1899) as a result of the amalgamation of 2 small Manitoba branch lines. It was built up over the next 20 years by its principal promoters, William Mackenzie and Donald Mann, to become a 16 093 km transcontinental railway system.

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Canadian Pacific Railway

The Canadian Pacific Railway company was incorporated in 1881. Its original purpose was the construction of a transcontinental railway, a promise to British Columbia upon its entry into Confederation. The railway — completed in 1885 — connected Eastern Canada to BC and played an important role in the development of the nation. Built in dangerous conditions by thousands of labourers (including 15,000 Chinese temporary workers), the railway facilitated communications and transportation across the country. Over its long history, CPR diversified, establishing hotels, shipping lines and airlines, and developed mining and telecommunications industries. In 2001, Canadian Pacific separated into five separate and independent companies, with Canadian Pacific Railway returning to its origins as a railway company. CP, as it is branded today, has over 22,500 km of track across Canada and the United States. It is a public company and trades on the Toronto Stock Exchange and New York Stock Exchange under the symbol CP. In 2016, CP had $6.2 billion in revenue and $1.6 billion in profit and held assets valued at $19.2 billion.

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Canadian Press

Canadian Press (CP), Canada's principal news agency, began in 1910 as Canadian Press Ltd, a re-distributor of news from the Associated Press (AP) to Canadian newspapers through Morse code and telegraph wires.

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Canadian Tire

Canadian Tire Corporation, Ltd., is one of Canada’s most recognized retail chains. Founded in Toronto by brothers J.W. and A.J. Billes, the company got its start when the brothers bought the Hamilton Tire and Garage in 1922. In 1927, they incorporated the business as the Canadian Tire Corporation. Still headquartered in Toronto, the company operates a network of 1,700 stores and gas bars that extends to every province and territory except Nunavut. Canadian Tire owns Mark’s Work Wearhouse and FGL Sports, including the retail companies Sport Chek, Atmosphere and Sports Experts. It is a public company that trades on the Toronto Stock Exchange under the symbol CTC. In 2018, Canadian Tire registered $14.1 billion in revenue and $783 million in profit and held $17.3 billion in assets.