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Metropolitan Opera

Metropolitan Opera. This illustrious and venerable (founded 1883) New York company has influenced the development of opera in Canada through its tours, broadcasts, and talent-development programs.

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Equalization Payments

Equalization payments are payments that the federal government makes to the poorer provinces. The monies come from Ottawa's general revenues and are unconditional transfers that can be spent as the recipient provinces please (see also TRANSFER PAYMENT).

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Estey Commission

The Estey Commission was an inquiry into the collapse of the CANADIAN COMMERCIAL BANK (CCB) and the Northland Bank. The Honourable Willard Z.

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Credit Bureau

Credit Bureaus provide a credit profile of consumers based on their repayment record of outstanding debts. A credit bureau monitors, with constantly updated information provided by credit card and other lenders, not only whether consumers repay loans but whether they do so regularly and on time.

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Consumer Credit

Canadian consumers obtain consumer credit whenever they purchase goods or services on account, or whenever they borrow funds to finance purchases already made. The most common type of consumer credit arrangements involve cash loans, usually to finance retail purchases on instalments.

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Consumer Standards

Consumer standards are documents describing acceptable characteristics or usage for products, materials and services used by individual consumers. They may specify dimensional, performance or safety requirements for household products.

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Continentalism

Continentalism is a term used to describe the theory of closer ties (eg, in the form of closer trade links, energy sharing or common water-use policies) with the US.

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Consumer Price Index

Consumer Price Index, a monthly measure of changes in the retail prices of goods and services purchased by Canadians in communities of 30 000 or more across the country.

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Continental Bank of Canada

The Continental Bank of Canada, with head offices in Toronto, began operations as a subsidiary of a finance company, IAC Limited (founded in 1925 as Industrial Acceptance Corp Ltd). In 1981 it absorbed IAC and was chartered as a bank.

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Construction Industry

Construction is one of Canada’s largest and most important industries. From houses to skyscrapers, schools, hospitals, factories and shopping centres, construction also involves a wide variety of engineering projects including highways, nuclear power stations, dams, dredging, petrochemical plants and pipelines.

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de Havilland Dash 7

De Havilland Dash 7, DHC-7, STOL aircraft designed for efficient transport from city centres. It first flew March 1975 after a long development costing $120 million, four-fifths of which was paid by the federal government. Its

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de Havilland Caribou

De Havilland Caribou, DHC-4, twin-engined STOL aircraft capable of taking off in only 220 m. It was characterized by the sharp upward angle of the rear fuselage, providing access for large loads. It first flew July 1958, and was used mostly in a military role.

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Exchange Rates

The dollar became the official monetary unit of the Province of Canada on 1 January 1858 and the official currency of Canada after Confederation.

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Cunard Company

The Cunard group became a public company in 1878, adopting the name Cunard Steamship Company Limited. It ultimately absorbed Canadian Northern Steamships Ltd and its competitor, the White Star Line.

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Coureurs des bois

Coureurs des bois were itinerant, unlicenced fur traders from New France. They were known as “wood-runners” to the English on Hudson Bay and “bush-lopers” to the Anglo-Dutch of New York. Unlike voyageurs, who were licensed to transport goods to trading posts, coureurs des bois were considered outlaws of sorts because they did not have permits from colonial authorities. The independent coureurs des bois played an important role in the European exploration of the continent. They were also vital in establishing trading contacts with Indigenous peoples.

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Crop Insurance

Crop Insurance An all-risk crop-insurance program is available to Canadian farmers under the authority of the federal Crop Insurance Act (of 1959) and through concurrent and complementary legislation enacted by each province.

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