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CN Cuts 3,000 More Jobs
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.
Job Security and Outsourcing
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 in Canada
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.
National Energy Program
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.
Bre-X Geologist Mike de Guzman Rumoured to be Alive
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.
Mutual Funds: Best and Worst
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 Industry in Canada
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.
General Motors Strike Settled
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.
BC Telecom/Telus Merger
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.
Debate Over Common Canadian/US Dollar
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.
Bombardier's Success Story
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.
Merrill Lynch Buys Midland Walwyn
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.
Eaton's Goes Bankrupt
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.
Nova and TransCanada Merge
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.
Mountain Equipment Co-op (Profile)
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.