Cut-rate Airlines Compete
In the offices of WestJet Airlines Inc., frugality is prized.
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In the offices of WestJet Airlines Inc., frugality is prized.
WHEN NORTEL Networks Corp.'s share price was $92 two years ago, Ray Puhalski bought 300 shares, investing $27,600. A month later, the stock was trading at $71.40. Puhalski invested again: $32,130 for 450 shares; and the following week, when Nortel was at $65.50, he bought another 250 shares.
This article was originally published in Maclean’s magazine on April 17, 1995. Partner content is not updated.Former film-maker Edgar Bronfman Jr. showed last week that he still has a flair for the dramatic. Investors and analysts were kept on the edge of their seats as the 39-year-old chief executive of Seagram Co. Ltd.
This article was originally published in Maclean’s magazine on February 28, 2000. Partner content is not updated.It was an empire built upon scratchy radio stations, weekly newspapers and the hardscrabble mentality of Northern Ontario in the midst of the Great Depression. Founder Roy Thomson was like nothing Canada had ever produced.
Chartered banks, sometimes known as commercial banks, are public corporations that are licensed by the federal government to operate a banking business within Canada. By issuing these licenses (or charters), the Canadian government regulates and controls the country’s economy by influencing the amount, availability and distribution of money, and the terms or cost of accessing and distributing that money (interest rates). Chartered banks are regulated by the federal Bank Act and supervised by the Office of the Superintendent of Financial Institutions. Chartered banks in Canada accept deposits from the public and extend loans (such as mortgages) for personal, commercial, and other purposes. Banks also own and operate trust companies, securities dealers and insurance companies and offer such services as investment banking, international banking and more.
Tim Hortons is a Canadian restaurant chain known for its coffee, doughnuts and connection to Canada’s national identity. Its namesake, Toronto Maple Leafs defenceman Tim Horton (1930–74), founded the business with Montréal businessman Jim Charade. The first Tim Hortons doughnut franchise opened in Hamilton, Ontario, in April 1964. Since then, Tim Hortons has become Canada’s largest restaurant chain, operating 3,665 stores across the country as of 2016. In 1995, American fast-food chain Wendy’s bought Tim Hortons in a partnership that lasted until 2006. In 2014, the chain was again purchased by a foreign company, this time by Brazilian firm 3G Capital, known for its ownership of Burger King. Despite foreign ownership, Tim Hortons remains a Canadian cultural phenomenon.
The Department of Finance Canada is the federal government's main engine of research, advice and analysis on national economic and financial affairs, including fiscal policy, debt management and taxation.
The caisse populaire was established in 1900 as a co-operative savings and loan company with nonfixed capital and limited liability in Lévis, Québec, by Alphonse DESJARDINS, a journalist and French-language stenographer in the House of Commons.
From its earliest days the company acquired the rights to innovative machinery, making agricultural history with the Toronto Light Binder during the late 19th century and in 1927 acquiring the Wallis Tractor.
A Mortgageis a legal paper in which borrowers agree to surrender their property to a lender if they do not pay back the money they owe, with INTEREST.
There are more than 75 000 charities in Canada. They range in size from low-budget, neighbourhood-centred Meals on Wheels services to national healthcare and educational institutions with budgets of almost $1 billion. The majority of registered charities, some 40%, are places of worship.
Leslie Music Supply Inc. Publishing company established in 1970 in Oakville, Ont, by Joan Leslie, who had purchased the stock of the Western Music Co of Vancouver. Leslie publishes choral music for church and school and pieces for piano, organ, and recorder, much of it reprinted Western material.
A. & S. Nordheimer Co (after ca 1898 the Nordheimer Piano & Music Co). Music dealers and publishers, piano dealers and later manufacturers, active in Kingston, Canada West (now Ont), 1842-4 and in Toronto 1844-1927.
There are more than 200 000 students enrolled in business and management programs offered by Canadian Universities, and more than 130 000 students attending business programs at Community Colleges.
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.
For statistical and administrative purposes, the federal government has divided the Canadian airport system into 5 major classes of airports: international, national, regional, local commercial and local.
Robotics is the branch of engineering that concerns robots: reprogrammable, multifunction manipulators designed to move objects and complete tasks through a variety of programmed motions. The field includes the conception, design, manufacture and operation of such machines. Robotics overlaps with a variety of other electronic and engineering disciplines including artificial intelligence (AI), bioengineering, computer science, mechatronics (the engineering of both electrical and mechanical systems) and nanotechnology. In the late 20th century, Canada distinguished itself in the field with the development of the Canadarm for space missions. Despite the challenges of competing in the international market, Canadian companies, institutes and researchers are now world leaders in the development of AI applications for robotics.
The automotive industry includes the production of cars and car parts (see automobile). Since the early 20th century, it has been one of Canada’s most significant manufacturing industries, as well as a key driver of Canada’s manufactured imports and exports, employment and overall industrial production. (See also Manufacturing in Canada; Industry in Canada.) Though dominated by foreign firms (largely American), Canada boasts a strong domestic parts manufacturing sector that emerged in the last part of the 20th century. Concentrated in Southern Ontario, Canada’s auto sector evolved as a consequence of industrial policies such as protectionism and free trade.
The search for hydrocarbon resources in offshore areas, the driving force behind the development of the ocean industry, began in earnest in the early 1960s in the shallow waters of the Gulf of Mexico.