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Commodities in Canada

In commerce, commodities are interchangeable goods or services. Many natural resources in Canada are viewed as commodities. They are a major source of the country’s wealth. Examples of commodities include a barrel of crude oil, an ounce of gold, or a contract to clear snow during the winter. Commodity products often supply the production of other goods or services. Many are widely traded in futures exchanges (see Commodity Trading).

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Harvest Excursions

Harvest Excursions Before the introduction of the combine, prairie harvests required large numbers of labourers for short periods of time. Harvest excursion trains, 1890-1930, brought workers west - about 14,000 in 1908.

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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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Advertising

 The first formal advertisement in Canada was an offer of butter for sale that appeared in 1752 in an official government publication called the Halifax Gazette. In 1764 the Québec Gazette (later renamed the Chronicle-Telegraph) was founded, as much to carry news of merchandise as events.

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Celtic Tiger

In Ireland, where the price of a pint is often a measure of prosperity, there is no greater gauge of the prevailing public mood than O'Donnell's pub.

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Fur Trade in Canada

The fur trade was a vast commercial enterprise across the wild, forested expanse of what is now Canada. It was at its peak for nearly 250 years, from the early 17th to the mid-19th centuries. It was sustained primarily by the trapping of beavers to satisfy the European demand for felt hats. The intensely competitive trade opened the continent to exploration and settlement. It financed missionary work, established social, economic and colonial relationships between Europeans and Indigenous people, and played a formative role in the creation and development of Canada.

(This is the full-length entry about the fur trade. For a plain-language summary, please see Fur Trade in Canada (Plain Language Summary).)

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Capitalism in Canada

Capitalism is an economic system in which private owners control a country’s trade and business sector for their personal profit. It contrasts with communism, in which property effectively belongs to the state (see also Marxism). Canada has a “mixed” economy, positioned between these extremes. The three levels of government decide how to allocate much of the country’s wealth through taxing and spending.

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Manufacturing in Canada

Manufacturing is a critical component of Canada’s economy. The production, sale and distribution of finished products contribute to consumer and labour markets, and secure Canada’s position as an economic leader among developed nations. Major, medium-sized and small manufacturers produce goods used by Canadians and contribute to the revenue gained from the export of goods to other countries. Since the early 2000s, the manufacturing sector in Canada has declined significantly in response to changes in the global economy and fewer regulatory controls over Canadian products (see Free Trade; Globalization). The composition and structure of the Canadian manufacturing industry is transitioning in response to these changes, aiming to produce new goods that are in greater demand.

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Canadian Aerospace Industry

The aerospace industry includes the development and production of aircraft, satellites, rockets and their component parts. Aerospace is a major component of Canada’s economy, employs tens of thousands of Canadians, and accounts for a large part of Canadian trade with foreign markets. Canada boasts a diverse aerospace sector and is one of just a few countries that produce airplanes. Through close partnership with the United States space agency, the National Aeronautics and Space Administration (NASA), Canada has also launched satellites as well as built sophisticated components used on the International Space Station.

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Sleeping Car Porters in Canada

Sleeping car porters were railway employees who attended to passengers aboard sleeping cars. Porters were responsible for passengers’ needs throughout a train trip, including carrying luggage, setting up beds, pressing clothes and shining shoes, and serving food and beverages, among other services. The vast majority of sleeping car porters were Black men and the position was one of only a few job opportunities available to Black men in Canada. While the position carried respect and prestige for Black men in their communities, the work demanded long hours for little pay. Porters could be fired suddenly and were often subjected to racist treatment. Black Canadian porters formed the first Black railway union in North America (1917) and became members of the larger Brotherhood of Sleeping Car Porters in 1939. Both unions combatted racism and the many challenges that porters experienced on the job.

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Assets in Canada

An asset is a useful and desirable thing or quality. The word is most often used in business, financial or accounting contexts. Canada has some of the world’s most impressive physical and natural resources. These resources may be viewed as “national assets.” The concept is also useful in personal finance, as housing is most Canadian families’ largest asset.

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One Big Union

The One Big Union (OBU) was a radical labour union formed in Western Canada in 1919. It aimed to empower workers through mass organization along industrial lines. The OBU met fierce opposition from other parts of the labour movement, the federal government, employers and the press. Nevertheless, it helped transform the role of unions in Canada.

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