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Create AccountKeynesian 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.
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.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.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.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.This article was originally published in Maclean’s magazine on February 9, 1998. Partner content is not updated.
When he arrived at his Calgary office last Nov. 11 after unveiling a plan to split Nova Corp.'s pipeline and petrochemical operations into separate companies, CEO Ted Newall received an urgent message from his counterpart at TransCanada PipeLines Ltd.This article was originally published in Maclean’s magazine on April 29, 2002. Partner content is not updated.
In the Flower Power era of 1971, a bunch of University of British Columbia students, who'd rather have been playing outside, decided to start a business.This article was originally published in Maclean’s magazine on March 10, 1997. Partner content is not updated.
This article was originally published in Maclean’s magazine on January 15, 1996. Partner content is not updated.
The discussion, says Berukoff, was not exclusively about business. But it is Berukoff's business in Cuba that makes him so intriguing.This article was originally published in Maclean’s magazine on March 9, 1998. Partner content is not updated.
There were still three weeks remaining before budget day when Finance Minister Paul Martin sat down one afternoon for a strategy session in his fifth-floor office in the Centre Block of the Parliament Buildings.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.
