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Brewing Industry in Canada

Brewing in Canada evolved from a household necessity into a commercial industry that, while short lived in New France, grew rapidly under British rule. From its regional roots to national consolidation and the rise of the craft beer movement, the brewing industry has both shaped and adapted to Canadians’ tastes. Aside from a brief period of Prohibition, it has also been a large, stable source of tax income for governments. In 2016, beer accounted for roughly $13.6 billion of Canada’s gross domestic product, or 0.7 per cent of the economy. The industry employs nearly 149,000 people, or 0.8 per cent of Canadian workers.

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General Motors Strike Settled

This article was originally published in Maclean’s magazine on October 28, 1996. Partner content is not updated.

For picketing Canadian autoworkers, it was a symbolic gesture. With the strike against General Motors of Canada Ltd. dragging into its third week, tempers flared at a cavernous GM plant in Oshawa, Ont.

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BC Telecom/Telus Merger

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 world’s "premier communications" firms, he was not bluffing.

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Bre-X Collapses

This article was originally published in Maclean’s magazine on May 19, 1997. Partner content is not updated.

It was a cool night in Jakarta and the Shangri-La hotel was all aglitter. Valentine’s Day, 1997. Young couples swayed through the lobby, the ladies carrying helium heart-shaped balloons and single roses. A piano player sat at a full-sized grand, playing Johnny Mathis tunes.

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CIBC-TD Merger

This article was originally published in Maclean’s magazine on April 27, 1998. Partner content is not updated.

This time, Paul Martin kept his cool. Last January, the Bank of Montreal and Royal Bank announced plans to merge and create one superbank, with assets of $453 billion.

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Cinar Scandal

This article was originally published in Maclean’s magazine on March 20, 2000. Partner content is not updated.

As first days at the office go, it was the most bizarre in Peter Moss's career. On March 6, he reported for his first day as president of entertainment for Montreal-based children's TV programmer Cinar Corp. Moss arrived to find "the whole place had been turned upside down," he recalls.

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Bombardier's Success Story

This article was originally published in Maclean’s magazine on August 11, 1997. Partner content is not updated.

In the aviation world, they still talk in hushed tones about the telephone call - the one in which BOMBARDIER Inc. coolly walked away from a billion-dollar sale. It happened in June, when all of the industry’s major players were gathered at the Paris Air Show.

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Merrill Lynch Buys Midland Walwyn

This article was originally published in Maclean’s magazine on July 6, 1998. Partner content is not updated.

How's this for a long-range forecast? In 1989-1990, when a mid-sized Canadian investment brokerage called Midland Doherty Financial Corp. was running on empty, management did the rounds of all the big banks and fund managers in an attempt to sell enough cheap equity to keep the firm going.

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Sobeys' Empire

This article was originally published in Maclean’s magazine on December 14, 1998. Partner content is not updated.

The big brick mansion breaks the gentle curve of the northwestern shore of Nova Scotia. Frank Sobey, the man who built Abercrombie House, lived on and off in the waterfront home until he died in 1985 at the age of 83.

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Eaton's Goes Bankrupt

This article was originally published in Maclean’s magazine on August 30, 1999. Partner content is not updated.

It seemed like a simple, last-minute, prenuptial task. Jim Pole and Nicole Pelletier from Thunder Bay, Ont., were to be wed on Aug. 21 in the lush Montreal suburb of Vaudreuil. The day before the big event, they just wanted to pick up the groom's new $1,000 suit. After calling the T. EATON CO.

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Rogers Cable Apologizes

This article was originally published in Maclean’s magazine on January 16, 1995. Partner content is not updated.

It may well go down as one of the rockiest product launches in the history of Canadian television. On Jan. 1, cable companies across the country began offering their 7.5 million subscribers seven new Canadian-owned specialty channels.

Article

Royal Bank of Canada (RBC)

Royal Bank of Canada (RBC) was founded in 1864. Today, it is the country’s largest chartered bank and financial institution. It has five divisions: Personal and Commercial Banking, consisting of banking operations in 36 countries around the world; RBC Wealth Management, consisting of investment products and services for retail investors; RBC Capital Markets for international investment banking services; RBC Insurance for individual and group clients; and Investor and Treasury Services, providing custody services and fund administration for international clients. Royal Bank is a public company that trades on the Toronto Stock Exchange, New York Stock Exchange and SIX Swiss Exchange under the symbol RY. In 2019, RBC registered $46 billion in revenue and $12.9 billion in profit and held $1.4 trillion in assets. Royal Bank employs more than 85,000 people, who serve 17 million customers.

Article

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 2019, CIBC registered $18.6 billion in revenue and $5.1 billion in profit and held $651.6 billion in assets. The bank employs approximately 45,000 people, who serve 10 million customers.

Article

Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank, commonly known as TD, is the second-largest chartered bank in Canada. The Toronto-Dominion Bank is the result of the past mergers of three financial companies: The Bank of Toronto, The Dominion Bank, and Canada Trust. The mergers began in 1955 when The Dominion Bank merged with The Bank of Toronto. This group then acquired Canada Trust in 2000, creating a new entity called TD Canada Trust. Toronto-Dominion Bank is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol TD. In 2019, TD registered $41.1 billion in revenue and $11.7 billion in profit and held $1.4 trillion in assets. The bank employs more than 85,000 people, who serve more than 26 million customers.

Article

Bonds in Canada

A bond is a tool that businesses, governments and other organizations use to borrow money. More specifically, it is a loan agreement through which the bond issuer (the borrower) agrees to pay the lender a specified amount by a certain date. Bond agreements generally also include interest payments. While the borrower usually pays the lender interest on the loan, bonds sometimes have negative interest, meaning the lender pays interest to hold the bond. Bonds and debt financing are important tools for funding large infrastructure projects and wars. (See Canada Savings Bonds; Victory Loans.)