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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.

Article

Recession of 2008–09 in Canada

The global financial crisis that began in 2007 dragged much of the world economy into recession, and Canada was not spared. Although the effects on Canada were milder than on the United States and in Europe, the Canadian recession of 2008–09 was still severe enough to generate sharp declines in output and employment and to require significant responses by Canadian policy-makers.

Article

Shipping Industry

Shipping is often the least expensive way of moving large quantities of goods over long distances. The existence of reliable water transportation has been a key to the economic and political well-being of most nations throughout history.

Article

Media Bias in Canada

Bias means supporting or opposing something or someone in an unfair way, regardless of the evidence. Media bias is when information spread by media or a news outlet reflects the interests and biases of ownership or individuals of that media company. Corporations may have a clear bias for one political party or issue and may influence its media outlets to reflect that bias. Individual journalists or news outlets may favour one side of an issue and reflect that bias — consciously or unconsciously — in the way they cover stories. The fact that a majority of journalists in Canada are White can also lead to biased reporting on minority groups. People can overcome unconscious bias by thinking and talking about it, and especially by listening to people from less privileged backgrounds.

Article

Bombardier Inc.

Bombardier Inc. is a manufacturer of private airplanes that was once among the world’s largest manufacturers of trains and commercial airplanes. Headquartered in Montreal, the company was originally incorporated as L’Auto-Neige Bombardier Limitée in 1942. Its founder, Joseph-Armand Bombardier, was a Québécois mechanical engineer who invented one of the first commercially viable snowmobiles. Bombardier Inc. grew considerably from its beginnings as a snowmobile manufacturer into an iconic Canadian company, known for its public transportation vehicles and jetliners. Facing financial troubles in the 21st century, however, it began to sell off parts of its business. In 2020, it made deals to sell the last of its assets outside its private-jet business, including its commercial plane and rail divisions.

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Banff Springs Hotel

The hotel was developed as part of the CPR’s (Canadian Pacific Railway) network of hotels, which built landmark hotels in young cities across Canada in order to encourage the use of its transcontinental lines. The Banff Springs Hotel is in the lineage of hotels such as the Chateau Lake Louise in Alberta, Le Chateau Frontenac in Québec City and the Empress Hotel in Victoria, British Columbia. Known as the “Castle in the Rockies,” the Banff Springs Hotel is predominantly in the Scottish Baronial style, featuring an Arts-and-Crafts interior.

Article

Icewine

​Canada didn’t invent icewine but in the space of a couple of decades it has become the Canadian product that is most sought after by the international wine community.

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Canada and the Digital Economy

The digital economy is the economic activity conducted through digital technologies such as the Internet. It is also called the Internet economy, the new economy or the web economy. Many scholars see the digital economy as the fourth industrial revolution. As of 2013, it consumed approximately 10 per cent of the world’s electricity. Many of the world’s biggest companies operate in the digital economy. A growing number of Canadians depend on it for their livelihood. In 2017, nearly 5 per cent of all jobs in Canada were in the digital economy. The gross domestic product (GDP) connected to it represented 5.5 per cent of Canada’s total economy — a bigger percentage than mining or oil and gas extraction. However, the often-hidden infrastructure of the digital economy brings new threats to the environment. The rise of cryptocurrencies could also dramatically change how people buy and sell things.

Article

SNC-Lavalin

SNC-Lavalin is a global engineering and construction firm based in Montreal, Quebec. It works in several industries including oil and gas, mining, cybersecurity and nuclear power. It also builds public and private infrastructure around the world.

The company began in 1911 as an engineering consultant for power projects. In 1991, the original company, called SNC, merged with competitor Lavalin to become SNC-Lavalin. Today it employs some 50,000 people in more than 50 countries. In 2018, it registered $10.1 billion in revenue.

In Canada, the company has received contracts to build major transit projects in cities including Toronto, Montreal and Vancouver. Worldwide, SNC-Lavalin oversees resource-extraction and infrastructure projects in North America, the Asia-Pacific region, Europe and the Middle East.

Since 2011, allegations of fraud and corruption on the part of SNC-Lavalin and several of its executives have plagued the company with scandal.

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Canopy Growth Corporation

Canopy Growth Corporation was the first cannabis company in North America to be federally regulated and publicly traded. The Canadian company, headquartered in Smiths Falls, Ontario, produces a large portion of Canada’s legal cannabis flower, oils and edibles under its various brands. Its products are sold in all 13 Canadian provinces and territories. With more than two dozen subsidiaries and operations on five continents, Canopy is one of the world’s largest cannabis and hemp corporations. It employs 2,700 people full-time and is worth more than $20 billion.

Editorial

The Great Crash of 1929 in Canada

In late October of 1929, terror seized the stock exchanges of North America. Capitalism’s speculative party, with its galloping share prices and its celebrity millionaires, came to an abrupt stop. The Great Crash, it was called, and it was followed by the Great Depression.