Browse "Business & Economics"

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Quality Records Ltd.

Quality Records Ltd. Independent Canadian-owned record and tape manufacturing company active1950-85 in Toronto, initially under the direction of George Keane as vice-president and general manager, and latterly, 1975-85, of George Struth as president.

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Québec Shoe Workers' Strike

The Québec Shoe Workers' Strike, properly a lockout, 27 October-10 December 1900, was the first direct intervention in a labour conflict by Québec Catholic clergy and the first step toward the creation of Catholic unions (see CONFEDERATION OF NATIONAL TRADE UNIONS).

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Quill & Quire

Quill & Quire is a magazine of the Canadian book trade. It is read chiefly by publishers, booksellers, librarians, writers and educators. Founded by the Seccombe family in 1935, it was a monthly magazine serving stationers and booksellers.

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Radical Economics

Originally the word "radical" meant relentlessly seeking the root of a problem and not shrinking from the action that follows as a logical consequence of its findings. More popularly, it denotes a sharp departure from conventional, orthodox interpretations of reality.

Macleans

Random House/Doubleday Merger

David Kent is in a combative mood. Seated at the desk in his book-lined corner office, the 48-year-old president of Random House Canada, a Toronto-based publisher, is taking calls and returning messages from business associates and journalists.

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Recession in Canada

A recession is a temporary period of time when the overall economy declines; it is an expected part of the business cycle. This period usually includes declines in industrial and agricultural production, trade, incomes, stock markets, consumer spending, and levels of employment. In purely technical terms, a recession occurs when two or more successive quarters (six months) show a drop in real gross domestic product (GDP), i.e., the measure of total economic output in the economy after accounting for inflation. In this sense, recessions are broad and can be particularly painful and challenging times for a country.

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Recession of 2008–09 in Canada

The global financial crisis that began in 2007 dragged much of the world economy into recession, and Canada was not spared. Although the effects on Canada were milder than on the United States and in Europe, the Canadian recession of 2008–09 was still severe enough to generate sharp declines in output and employment and to require significant responses by Canadian policy-makers.

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Reciprocity

Reciprocity was a free trade agreement between the United States and Canada. It mutually reduced import duties and protective tariffs on certain goods exchanged between the two countries. It was in effect from 1854 to 1866 and was controversial at times on both sides of the border. It was replaced in 1878 by the Conservative Party’s protectionist National Policy. It involved levying tariffs on imported goods to shield Canadian manufacturers from American competition. A narrower reciprocity agreement was introduced in 1935 and expanded in 1938. However, it was suspended in 1948 after both countries signed the General Agreement on Tariffs and Trade (GATT).

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Regional Economics in Canada

​There are major economic differences among Canada’s four main geographic regions — Ontario, Québec, the West and Atlantic Canada — each affected by its own history of economic development, industrial location, urbanization, land use and migration.

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Retail Trade

There are 2 broad categories of retail-trade organization: retail chains, which operate 4 or more stores in the same kind of business under the same ownership, and independent retailers operating 1 to 3 stores.

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Robotics in Canada

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.

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Rodeo Records Ltd.

Rodeo Records Ltd. Parent company to several labels producing country and folk music and Melbourne, in the classical genre. It was founded in 1949 in Montreal by Don Johnson and George Taylor. Taylor (b 8 Sept 1911, d Peterborough, Ont, 12 Sept 1986). Taylor soon assumed sole control.

Macleans

Rogers Buys Vidéotron

On Bay Street they call him the king of cable, but Ted Rogers' ambitions have always extended far beyond the television set. For years, the founder and chief executive officer of Rogers Communications Inc.

Macleans

Rogers Cable Apologizes

It may well go down as one of the rockiest product launches in the history of Canadian television. On Jan. 1, cable companies across the country began offering their 7.5 million subscribers seven new Canadian-owned specialty channels.

Macleans

Roots Canada

The press clippings are piled three inches high on a table in Michael Budman's Toronto office. The co-owner of Roots Canada Ltd. strides into the sunny room, stops to survey the pile, plucks out a picture that features Prince William wearing the red Roots Olympic hat.

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Roots Canada

Roots Corporation (better known as Roots or Roots Canada) is a publicly traded retail clothing business. It was co-founded by fashion designers and businessmen Michael Budman and Don Green, both from Detroit, Michigan. Budman and Green first met in 1962, when they were attending Camp Tamakwa in Ontario’s Algonquin Park. Following their graduation from Michigan State University, Budman moved to Canada in 1969 and Green followed a few years later in 1972. In 1973, Budman and Green began production of their version of the “negative heel” shoe — the first product sold under the Roots brand. That same year, on 15 August, the duo opened their first store in Toronto. Inspired by their early years at Algonquin Park, Budman and Green quickly made Roots, with its beaver logo and cottage feel, an iconic Canadian brand. In 2015, Budman and Green sold a majority stake to Searchlight Capital Partners, though the founders remain prominent shareholders. In October 2017, Roots made its initial public offering (IPO) in Canada, trading on the Toronto Stock Exchange under the symbol ROOT.

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Royal Bank of Canada (RBC)

Royal Bank of Canada (RBC) was founded in 1864. Today, it is the country’s largest chartered bank and financial institution. It has five divisions: Personal and Commercial Banking, consisting of banking operations in 36 countries around the world; RBC Wealth Management, consisting of investment products and services for retail investors; RBC Capital Markets for international investment banking services; RBC Insurance for individual and group clients; and Investor and Treasury Services, providing custody services and fund administration for international clients. Royal Bank is a public company that trades on the Toronto Stock Exchange, New York Stock Exchange and SIX Swiss Exchange under the symbol RY. In 2018, RBC registered $42.6 billion in revenue and $12.4 billion in profit and held $1.3 trillion in assets. Royal Bank employs more than 84,000 people, who serve 16 million customers.