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Canadian Tire

Canadian Tire Corporation, Ltd., is one of Canada’s most recognized retail chains. Founded in Toronto by brothers J.W. and A.J. Billes, the company got its start when the brothers bought the Hamilton Tire and Garage in 1922. In 1927, they incorporated the business as the Canadian Tire Corporation. Still headquartered in Toronto, the company operates a network of 1,711 stores and gas bars that extends to every province and territory except Nunavut. Canadian Tire owns Mark’s Work Wearhouse, Helly Hansen and FGL Sports, including the retail companies Sport Chek, Atmosphere and Sports Experts. It is a public company that trades on the Toronto Stock Exchange under the symbol CTC. In 2021, Canadian Tire registered $16.3 billion in revenue and $1.26 billion in net income and held $21.8 billion in assets.

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James Armstrong Richardson (Jr)

James Armstrong Richardson Jr., PC, grain merchant, politician (born 28 March 1922 in Winnipeg, MB; died 17 May 2004 in Winnipeg). The son of James A. Richardson Sr., James Jr. studied at Queen’s University and served in the RCAF as a Liberator bomber pilot patrolling the North Atlantic. He joined the family firm of James Richardson and Sons Ltd. in 1946 and was chairman and executive officer from 1966 to 1968. Richardson was elected Liberal member of Parliament for Winnipeg South in June 1968 and appointed minister without portfolio in July. From 1969 to 1972, he was minister of Supply and Services. He was re-elected in the 1972 general election and was appointed minister of National Defence. Following his resignation from Cabinet in 1978 over the government’s language policy, he sat as an Independent (1978–79), after which he returned to the family firm and became a director.

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Sun Life Financial

Sun Life Financial, based in Toronto, is one of Canada’s largest insurance companies. It has operations located around the world and offers insurance and other investment products to individuals and corporate clients. Total assets of the company have grown from $74 million in 1915, to $55.8 billion in 2000 and $271.8 billion in 2018. Its shares trade on the Toronto, New York and Philippines stock markets.

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Shoppers Drug Mart

Shoppers Drug Mart is a wholly owned subsidiary of Loblaw Companies Limited, which itself is a subsidiary of George Weston Limited. It operates drugstores, pharmacies, medical supply stores and beauty boutiques. Its retail chains include Shoppers Drug Mart, Pharmaprix, Shoppers Simply Pharmacy, Pharmaprix Simplement Santé, Wellwise and Murale. It also owns a patient assistance provider and drug distributor (Shoppers Drug Mart Specialty Health Network), a supplier of pharmaceutical products and services for long-term care homes (MediSystem Technologies), and a non-surgical cosmetic clinic (The Beauty Clinic). In 2018, Shoppers Drug Mart operated more than 1,300 stores. It is headquartered in Toronto, Ontario.

Click here for definitions of key terms used in this article.

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Gerry Schwartz

Gerald Wilfred Schwartz, OC, business executive (born 24 November 1941 in Winnipeg, MB). Gerry Schwartz is the founder, chairman and chief executive officer (CEO) of Toronto-based Onex Corporation, one of Canada’s largest private equity firms. A successful long-term investor, he has overseen major business deals in more than three decades at the head of Onex. Schwartz was one of 45 Canadians to make the Forbes list of billionaires in 2019, with the magazine estimating his net worth at US $1.6 billion. He has donated millions of dollars to universities, hospitals, charities and cultural organizations.

Click here for definitions of key terms used in this article.

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Lise Watier

Lise Watier, (born Montréal, 1942). A pampered only child, Lise Watier was always interested in feminine beauty and made it her life's work. During the 1980s she began her Québec radio and television career by hosting women's programmes.

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Manulife Financial Corporation

Manulife Financial Corporation, based in Toronto, is Canada’s largest insurance company and one of the largest in the world. Its principal operations are located in Canada, the United States and Asia. Manulife offers life, health and income insurance protection, as well as annuities and wealth and asset management. It was founded in 1887 as Manufacturers Life Insurance Company Inc. Canada’s first prime minister, Sir John A. MacDonald, was also the company’s first president. Manulife is a public company that trades on the Toronto, New York and Philippine stock exchanges under the symbol MFC and on the Stock Exchange of Hong Kong as 945. In 2018, Manulife registered $39 billion in revenue and $4.8 billion in profit and held $1.1 trillion in assets. The company employs more than 34,000 people, who serve nearly 28 million customers.

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Greyhound Ends Bus Service in Canada

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After shutting down its services in Western Canada in 2018 and suffering a year without revenue due to the COVID-19 pandemic, Greyhound Canada permanently ceased operations after almost 100 years in business. The company’s American affiliate said that it would continue to operate cross-border bus routes to and from the US.

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Impact of COVID-19 on Remote Work at Canadian Businesses

During the COVID-19 pandemic, many Canadians have worked from home. This shift to remote work has aimed to slow the spread of the coronavirus by reducing contact between people.

To gauge the impact of the pandemic on remote work at Canadian businesses, Statistics Canada conducted a nationwide survey in 2020. The graphs below show some of its findings. The first graph shows the percentage of businesses, in each province and the three territories, that had more than half of their workforce working remotely a) before the pandemic and b) on 29 May 2020, during the pandemic. The second graph shows the percentage of businesses which expected that more than half their workforce would continue to work remotely after COVID-19.

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Molson Coors Beverage Company

The Molson Coors Beverage Company (formerly Molson Coors Brewing Company) is a partly Canadian-owned enterprise and one of the world's largest beer makers. Its Canadian arm, Molson Coors Canada, is the successor to Molson Breweries, one of the country's oldest companies.

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Jim Pattison

James Allen Pattison, OC, OBC, entrepreneur, business executive (born 1 October 1928 in Saskatoon, SK). Pattison is best known as the founder, chairman and chief executive officer of The Jim Pattison Group, Canada’s second largest private company, with $10.1 billion in annual sales in 2018. The Jim Pattison Group has divisions in broadcast media, signage, supermarkets, fishing, forestry, agriculture, equipment, manufacturing, recreation, marketing and entertainment. With an estimated net worth of $9.6 billion (2021), Pattison is one of the richest individuals in Canada. He is also a philanthropist, having donated a landmark $75 million in 2017 to establish the Jim Pattison Medical Centre in Vancouver. Pattison is the recipient of numerous awards and honours.

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Stephen Smith

Stephen J. R. Smith, financial services entrepreneur, civic leader, philanthropist (born 2 June 1951 in Ottawa, ON). Stephen Smith is a successful entrepreneur in the financial services industry. He is co-founder, chairman, president and CEO of First National Financial LP, Canada’s largest non-bank mortgage lender, as well as chairman and co-owner of the Canada Guaranty Mortgage Insurance Company, Canada’s third largest mortgage insurance provider. He is also involved in the administration of cultural organizations such as the Royal Ontario Museum, Rideau Hall Foundation and Historica Canada — publisher of The Canadian Encyclopedia — where he has been chair of the board of directors since 2009. The business school at his alma mater, Queen’s University, was named in his honour after his record $50 million gift to the university in 2015. He is a Companion of the Canadian Business Hall of Fame (2019). A licensed pilot, he is renowned among friends and associates for his daredevil approach to his favourite sports, which include heli-skiing and long-distance cycling. As Charles Brindamour, president and chief executive officer of Intact Financial Corp. has said, “Stephen is a force of nature.”

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Equity in Canada

Equity is the monetary value of a business or property, beyond any liens or related debts. The term generally refers to “shareholders’ equity.” Shareholders’ equity is an ideal figure that stands for the amount of money that shareholders would get if the company liquidated its assets and paid its debts. In informal usage, the term equities has evolved to mean publicly traded stocks.

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Capital in Canada

In economics, capital traditionally refers to the wealth owned or employed by an individual or a business. This wealth can exist in the form of money or property. Definitions of capital are constantly evolving, however. For example, in some contexts it is synonymous with equity. Social capital can refer to positive outcomes of interactions between people or to the effective functioning of groups. Human capital refers to people’s experience, skills and education, viewed as an economic resource.