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Canada Savings Bonds

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.

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Equalization Payments

Equalization payments are payments that the federal government makes to the poorer provinces. The monies come from Ottawa's general revenues and are unconditional transfers that can be spent as the recipient provinces please (see also TRANSFER PAYMENT).

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Credit Bureau

Credit Bureaus provide a credit profile of consumers based on their repayment record of outstanding debts. A credit bureau monitors, with constantly updated information provided by credit card and other lenders, not only whether consumers repay loans but whether they do so regularly and on time.

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Consumer Standards

Consumer standards are documents describing acceptable characteristics or usage for products, materials and services used by individual consumers. They may specify dimensional, performance or safety requirements for household products.

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Consumer Law

The branch of law concerned with the supply of goods and services in the most comprehensive sense for the personal use or consumption of individuals and their families is called consumer law.

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Corn Laws

Corn laws, 1794-1846, set duties on grain imports into Britain to protect British agriculture from outside competition. (In Britain, "corn" is the name for CEREAL CROPS.

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Budgetary Process

Canada's federal and provincial governments follow a budgetary process, designed to ensure control, accountability and planning in the spending of public money.

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Canada Pension Plan

The Canada Pension Plan (CPP) is an earnings-related public pension plan. The CPP makes a monthly payment to Canadians and their families to partially replace their income after retirement, disability or death. Working Canadians make regular payments to the CPP in order to be eligible. The CPP covers all Canadian workers except those in Quebec who are covered by the parallel Quebec 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.

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Canada Corn Act

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.

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Canada-US Auto Pact

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.

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Canada Land Inventory

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.

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Alberta Research Council

The Alberta Research Council, the oldest provincial research organization, was established by order-in-council as the Scientific and Industrial Research Council of Alberta in 1921. Instrumental in founding the organization were J.L. COTÉ, provincial secretary, and H.M.

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Navigation Acts

The Navigation Acts were a complex set of British laws dating from 1651 and 1660, regulating British and later imperial shipping and trade to foster economic and naval power.

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Anti-Inflation Board

Anti-Inflation Board, established by Act of Parliament in late 1975 to administer a wage-and-price-control program. Although the program was phased out during 1978, the AIB did not cease all operations until 1979. Because of its examination of company profits, close to $323.