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Bankruptcy

Bankruptcy is a legal process, governed by the Bankruptcy and Insolvency Act, that provides financial relief for debtors and a protection for creditors.

Article

Lottery

Lottery a centuries-old concept, is an arrangement for distributing prizes by lot, chance or mixed chance and skill.

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Made Beaver

Hudson's Bay Company found it necessary to devise a unit of value that would accommodate Aboriginal people's bartering to European bookkeeping methods

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Money in Canada

Money consists of anything that is generally accepted for the settlement of debts or purchase of goods or services. The evolution of money as a system for regulating society’s economic transactions represented a significant advancement over earlier forms of exchange based on barter, in which goods and services are exchanged for other goods or services. Canadian money has its roots in the Indigenous wampum belts of the East, the early currencies of European settlers and the influence of the United States.

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Maclean Hunter Limited

Maclean Hunter Limited was a diversified communications company, known primarily for publishing the news magazine Maclean's. As the largest publisher of national MAGAZINES and periodicals in Canada, its list included Flare, L'ACTUALITÉ and English and French editions of CHATELAINE.

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Gold Standard

The gold standard is a monetary system in which the value of the currency unit (the Canadian dollar, for example) is defined in relation to the value of gold.

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Municipal Finance

Municipal finance is concerned with the revenues and expenditures of municipalities. Revenues are secured from local taxes (see TAXATION) and other local revenues and from provincial and federal grants.

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Megaprojects

The Concept of MegaprojectsThe whole concept of "megaprojects" was thrown into question when the long list of megaprojects proposed in the 1970s was wiped out by the recession and the decline in energy prices during the 1980s. Megaprojects can only thrive in an atmosphere of certainty.

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Canning

Canning, NS, incorporated as a village in 1968, population (2011c), 798 (2006c). The Village of Canning is located 100 km northwest of Halifax.

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Standard of Living

The standard of living is a measure of economic welfare. It generally refers to the availability of scarce goods and services, usually measured by per capita income or per capita consumption, calculated in constant dollars, to satisfy wants rather than needs.

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Cobourg and Peterborough Railway

One of the 2 earliest railway charters granted in Canada, the Cobourg Rail Road Co was incorporated in 1834 to build a railway from Cobourg northward to Peterborough across Rice Lake. The project was shelved until 1846, when it was revived as the Cobourg and Rice Lake Plank Road and Ferry Co. Samuel Gore built his plank road the 17 km to the lake, but it barely survived the first 2 winters.