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Canada Pension Plan

The Canada Pension Plan (CPP) is an earnings-related public pension plan. The CPP makes a monthly payment to Canadians and their families to partially replace their income after retirement, disability or death. Working Canadians make regular contributions to the CPP in order to be eligible. The CPP covers all Canadian workers except those in Quebec who are covered by the parallel Quebec Pension Plan (QPP). The Canada Pension Plan Investment Board (CPPIB) manages CPP assets, making it one of the largest pension fund managers in the world. As of 31 March 2021, CPPIB ended its 2021 fiscal year with net assets of 497.2 billion.

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Canada and NAFTA

The North American Free Trade Agreement (NAFTA) was an economic free trade agreement between Canada, the United States and Mexico. Designed to eliminate all trade and investment barriers between the three countries, the free trade agreement came into force on 1 January 1994. In addition to being one of the most ambitious trade agreements in history, NAFTA also created the world’s largest free trade area. It brought together two wealthy, developed countries (Canada and the United States) with a less developed state (Mexico). The agreement built on the earlier Canada-US Free Trade Agreement (CUSFTA), which came into effect on 1 January 1989. After NAFTA was signed, trade and investment relations between the three countries expanded rapidly, but political co-operation remained weak. NAFTA continued to be controversial, particularly in the United States. In 2017, US president Donald Trump threatened to renegotiate or cancel the deal. More than a year of negotiations produced a revised version of NAFTA called the Canada-United States-Mexico Agreement (CUSMA). CUSMA came into effect on 1 July 2020.

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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.

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Multinational Corporation

A multinational corporation consists of incorporated and unincorporated enterprises comprising parent enterprises and their foreign affiliates. The parent and each of the affiliates are established under the laws and practices of the countries where they are located.

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Canadian Foreign Relations

Throughout its history, Canada has taken a series of steps to develop from a British colony into an independent nation. Both the First and Second World War were turning points; Canada’s military sacrifices gave it the strength and confidence to demand its own voice on the world stage. In the postwar era, Canada maintained its role in both Western and global alliances. (See NATO; NORAD; GATT.) However, economics have shaped Canadian diplomacy to a remarkable extent. Because of the United States’ singular importance to Canadian security and trade, relations with the US have dominated Canada’s foreign policy since Confederation.

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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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Imports to Canada

In international trade, imports refer to goods and services purchased by Canadian residents from residents of other countries. Billions of dollars of goods and services cross Canada’s border each year. In 2019, Canadians imported a total of $768 billion worth of goods and services. Canada’s largest source of imports by far is the United States. (See Canada-US Economic Relations.) The European Union, China and Mexico are also major sources of imported goods and services.

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United Farmers of Alberta

The United Farmers of Alberta (UFA) was founded in 1909. This organization advocated for rural co-operatives and for the needs and interests of farmers in Alberta (see Co-Operative Movement). The UFA became involved in politics and was provincially elected from 1921 to 1935. By 1939, the UFA ended its political activities, but it continued to support provincial farmers.

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Company Towns

Company towns, important in Canada's capital formation and industrialization, urban development, and trade-union movement.

Macleans

Martin's 1998 Budget

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.

Macleans

Martin Reports a Surplus

Finance Minister Paul Martin’s mission was clear in delivering his annual fall economic update. Douse hopes that much new spending is in the works. Dismiss the argument that Ottawa can afford a big reduction in Employment Insurance premiums.

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Canadian Film History: 1974 to Present

Filmmaking is a powerful form of cultural and artistic expression, as well as a highly profitable commercial enterprise. From a practical standpoint, filmmaking is a business involving large sums of money and a complex division of labour. This labour is involved, roughly speaking, in three sectors: production, distributionand exhibition. The history of the Canadian film industry has been one of sporadic achievement accomplished in isolation against great odds. Canadian cinema has existed within an environment where access to capital for production, to the marketplace for distribution and to theatres for exhibition has been extremely difficult. The Canadian film industry, particularly in English Canada, has struggled against the Hollywood entertainment monopoly for the attention of an audience that remains largely indifferent toward the domestic industry. The major distribution and exhibition outlets in Canada have been owned and controlled by foreign interests. The lack of domestic production throughout much of the industry’s history can only be understood against this economic backdrop.

This article is one of four that surveys the history of the film industry in Canada. The entire series includes: Canadian Film History: 1896 to 1938; Canadian Film History: 1939 to 1973; Canadian Film History: 1974 to Present; Canadian Film History: Notable Films and Filmmakers 1980 to Present.

Macleans

Black Sees Empire Diminished

The plot is like something out of a Mordecai Richler novel. Sharp-eyed, compulsive-smoking Jewish guy from, of all places, small-town Manitoba goes nose to nose with equally sharp-eyed, private-school-educated WASP from Toronto for the big enchilada.

Macleans

Manley's 2003 Budget

YOU COULDN'T BLAME John Manley for not seeing it coming. He rises in the House of Commons making like a department-store Santa handing out goodies like there's no tomorrow - yet everybody's mad at him.

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Hydro-Québec

Hydro-Québec, a provincially owned corporation based in Montréal, is Canada's largest electric utility and, judged by assets ($30.6 billion in 1986), Canada's second largest corporation.

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Business Elites

The role of business elites has never been as straightforward in Canadian society as it has in countries with longer histories and more clearly defined class systems.

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Petro-Canada

Petro-Canada, created by the federal government in the mid-1970s as Canada's national oil company, was the offspring of the world energy crisis, Canadian ECONOMIC NATIONALISM, and a tradition of state-supported development of the country's costly energy frontier.