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Macleans

Martin's 1995 Budget

This article was originally published in Maclean’s magazine on March 13, 1995. Partner content is not updated.

A few minutes before Finance Minister Paul Martin was to deliver his budget speech in the House of Commons last week, he and Prime Minister Jean Chrétien met in Chrétien's second-floor office on Parliament Hill along with Martin's wife, Sheila, and Aline Chrétien.

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Gulf Canada Resources Limited

Gulf Canada Resources Limited was incorporated in 1906 as the British American Oil Company Limited. In 1969 Gulf Oil Corp of the US bought BA, which became Gulf Oil Canada Limited. The name, Gulf Canada Ltd, was adopted in 1978 and in July 1987 the company became Gulf Canada Resources Limited.

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Farm Credit Corporation

Farm Credit Corporation (FCC) is Canada's largest agricultural term lender and is dedicated exclusively to serving the financial needs of Canadian farmers. Established in 1959 under the Farm Credit Act, the federal Crown agency succeeded the Canadian Farm Loan Board, in operation since 1929.

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Municipal Loan Fund

 The Municipal Loan fund, established 10 November 1852 in Canada West, was created largely by Francis HINCKS, co-premier of the Province of Canada, whose government's central policy was railway development.

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Imperial Oil Limited

In 1995 it had sales or operating revenues of $9.28 billion, assets of $12.0 billion and 7800 employees. In 1987 Imperial bought Sulpetro, a Calgary-based natural gas producer, and in 1990 it completed its merger with Texaco Canada.

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Wardair International Ltd

 Wardair International Ltd, with head offices in Toronto, was an international and domestic airline incorporated in Alberta in 1953 as Wardair Ltd. Initially a bush charter airline based in Yellowknife, NWT, the name was changed in 1962 to Wardair Canada Ltd. It became a public company in 1967.

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Calgary Herald

Calgary Herald, newspaper, was first published by Andrew Armour and Thomas Braden on 31 Aug 1883 as the Calgary Herald, Mining and Ranche Advocate and General Advertiser.

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Home Economics

The study of home economics, which is based on both social and physical sciences, originated at the turn of the century in the US at a series of meetings of academics and national leaders in Lake Placid, NY, who were seeking remedies for the social ills of the day.

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Otto Higel Co. Ltd.

Otto Higel Co. Ltd. Toronto manufacturer of piano and organ supplies. The company was founded in 1896 by Otto Higel (b Silesia, Germany, 1869, d Toronto 2 Jul 1930), who had bought the Toronto piano action and key manufacturing business of F.

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Canadian Press

Canadian Press (CP), Canada's principal news agency, began in 1910 as Canadian Press Ltd, a re-distributor of news from the Associated Press (AP) to Canadian newspapers through Morse code and telegraph wires.

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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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Chamber of Commerce

Chamber of Commerce, a nonprofit organization of business people and corporations established to promote economic development and collectively represent their concerns to government on public policy.

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Dominion Organ and Piano Co.

Dominion Organ and Piano Co. Instrument manufacturer. Although the date has not been substantiated, the firm was probably founded in 1870 in Oshawa as (A.M.) Darley and (William) Robinson, later called the Oshawa Organ and Melodeon Manufacturing Co.