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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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BC Hydro

BC Hydro and Power Authority (BC Hydro), a provincial Crown corportation is the third-largest electric utility in Canada.

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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.

Macleans

Belgian Brewery Buys Labatt

This article was originally published in Maclean’s magazine on June 19, 1995. Partner content is not updated.

Then, three months ago, an opening suddenly appeared when takeover artist Gerald Schwartz of Toronto-based Onex Corp. began laying the groundwork for a hostile bid of $2.3 billion for John Labatt Ltd. of Toronto.

Macleans

Sobeys' Empire

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.

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Meat-Processing Industry

Canada's slaughtering and meat-processing sector comprises livestock slaughter and carcass dressing, secondary processors that manufacture and package meat products for retail sale, and purveyors that prepare portion-ready cuts for hotel, restaurant and institutional food service.

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Interest Rates in Canada

Interest is the price charged to borrow money. Expressed as a rate, interest is a percentage of the amount of money borrowed (the principal amount) that is to be paid for an agreed period of time. Interest can be paid by a borrower to a lender (e.g., to a bank), but it can also be paid by a bank to individuals whose money the bank uses to lend money to other borrowers. In Canada, interest rates are determined by the policy of the Bank of Canada, the demand for loans, the supply of available lending capital, interest rates in the United States, inflation rates and other economic factors. The Bank of Canada helps the Canadian government manage the economy by setting the bank rate and controlling the money supply.

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Lottery

Lottery a centuries-old concept, is an arrangement for distributing prizes by lot, chance or mixed chance and skill.

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Wholesale Trade

Wholesalers (also called distributors) buy goods for resale to retailers (see RETAIL TRADE), industrial, commercial, governmental, institutional and professional users or to other wholesalers. They also act as agents in connection with such sales.

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Bombardier Inc.

Bombardier Inc. is a manufacturer of private airplanes that was once among the world’s largest manufacturers of trains and commercial airplanes. Headquartered in Montreal, the company was originally incorporated as L’Auto-Neige Bombardier Limitée in 1942. Its founder, Joseph-Armand Bombardier, was a Québécois mechanical engineer who invented one of the first commercially viable snowmobiles. Bombardier Inc. grew considerably from its beginnings as a snowmobile manufacturer into an iconic Canadian company, known for its public transportation vehicles and jetliners. Facing financial troubles in the 21st century, however, it began to sell off parts of its business. In 2020, it made deals to sell the last of its assets outside its private-jet business, including its commercial plane and rail divisions.

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Asbestos Strike of 1949

The Asbestos Strike began on 14 February 1949 and paralyzed major asbestos mines in Quebec for almost five months. The Quebec government sided with the main employer, an American-owned company, against the 5,000 unionized mine workers. From the start, the strike created conflicts between the provincial government and the Roman Catholic Church, which usually sided with the government. One of the longest and most violent labour conflicts in Quebec history, it helped lay the groundwork for the Quiet Revolution

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Agricultural Economics

Agricultural economics, is a field of study related to the application of economics theory to problems and issues surrounding the production, processing, distribution and consumption of agricultural food and fibre products.