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Create AccountThis article was originally published in Maclean’s magazine on April 12, 1999. Partner content is not updated.
David Masotti was in a buoyant mood as he addressed employees and guests at a Spar Aerospace research and development facility in Brampton, Ont., one day last June.This article was originally published in Maclean’s magazine on May 25, 1998. Partner content is not updated.
Montreal's Bronfman family is no stranger to controversy. After arriving in Canada from Russia in the 1890s, they made a fortune outrunning federal tax collectors and selling whisky to American mobsters. The next generation made headlines tussling over control of the family firm, Seagram Co. Ltd.This article was originally published in Maclean’s magazine on March 3, 1997. Partner content is not updated.
On this crisp, clear mid-February afternoon, the mechanical colossus - the so-called topsides of the Hibernia drilling rig - towers over the shimmering waters of Newfoundland's Bull Arm.This article was originally published in Maclean’s magazine on August 16, 1999. Partner content is not updated.
Edmund Clark is accustomed to trouble. Clark, 51, a career civil servant and financial services manager, was once nicknamed "Red Ed" for his role as one of the federal bureaucrats who designed the Trudeau government's National Energy Program in 1980.This article was originally published in Maclean’s magazine on February 12, 1996. Partner content is not updated.
This article was originally published in Maclean’s magazine on November 2, 1998. Partner content is not updated.
Necessary downsizing or corporate greed? Canadian National Railway Co.s announcement last week of plans to slash 3,000 jobs quickly prompted those diametrically opposed views. CN executives said the cuts were required to make the company more competitive.This article was originally published in Maclean’s magazine on September 30, 1996. Partner content is not updated.
So the meeting could have gone better. There was Mark Campbell, president of his own printing company, presenting to Kraft Canada Inc., executive level, in suburban Toronto. Initially, the meeting played exactly as Campbell had hoped.Keynesian economics is a method of analysing the behaviour of key aggregate economic variables such as output, employment, inflation and interest rates. British economist John Maynard Keynes initially developed this analytic structure (and as a result virtually established the modern field of macroeconomics) during the 1930s, as a method of understanding the Great Depression.
The Winnipeg General Strike of 1919 was the largest strike in Canadian history. Between 15 May and 25 June 1919, more than 30,000 workers left their jobs. Factories, shops, transit and city services shut down. The strike resulted in arrests, injuries and the deaths of two protestors. It did not immediately succeed in empowering workers and improving job conditions. But the strike did help unite the working class in Canada. Some of its participants helped establish what is now the New Democratic Party.
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The National Energy Program (NEP) was an energy policy of the government of Canada from 1980 through 1985. Its goal was to ensure that Canada could supply its own oil and gas needs by 1990. The NEP was initially popular with consumers and as a symbol of Canadian economic nationalism. However, private industry and some provincial governments opposed it.
A federal-provincial deal resolved controversial parts of the NEP in 1981. Starting the next year, however, the program was dismantled in phases. Global economic conditions had changed such that the NEP was no longer considered necessary or useful. The development of the oil sands and offshore drilling, as well as the rise in Western alienation and the development of the modern Conservative Party of Canada, are all aspects of the NEP’s complicated legacy.
This article was originally published in Maclean’s magazine on June 13, 2005. Partner content is not updated.
IS MICHAEL de GUZMAN DEAD OR ALIVE? Eight years after the Bre-X Minerals fraud was uncovered, the fate of its central figure still haunts us. Last month, it seemed, he briefly stepped out from the shadows. And just like that, he was gone again.This article was originally published in Maclean’s magazine on January 27, 1997. Partner content is not updated.
That, of course, is the pitch many mutual fund investors want to hear - and one the financial services industry is only too happy to pump out. But savvy investors know that in the markets, big returns often go hand in hand with big risks.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.
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.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 worlds "premier communications" firms, he was not bluffing.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. Valentines 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.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.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.This article was originally published in Maclean’s magazine on July 5, 1999. Partner content is not updated.
There was a time when it was one of those textbook facts drummed into the heads of schoolchildren, never to slip the mind: Canada and the United States share the longest undefended border in the world.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 industrys major players were gathered at the Paris Air Show.
