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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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Advertising

 The first formal advertisement in Canada was an offer of butter for sale that appeared in 1752 in an official government publication called the Halifax Gazette. In 1764 the Québec Gazette (later renamed the Chronicle-Telegraph) was founded, as much to carry news of merchandise as events.

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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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Media Ownership

Western societies are relying increasingly on communication through various media and relatively less on face-to-face contact to organize and co-ordinate activities, to disseminate knowledge and information, to educate and entertain.

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Bookselling

The earliest booksellers in Canada were Jean Seto and Joseph Bargeas, who in the 1840s and 1850s operated out of Montréal, importing books "for the gentry, the merchants, and the garrison: that is, a small middle and upper-middle-class readership.

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Les Éditions Jacques Ostiguy Inc

Les Éditions Jacques Ostiguy Inc. Music publishing firm founded in 1978 in Saint-Hyacinthe, Que, by Jacques and Claudette Ostiguy. A large section of the catalogue, which numbered 24 entries in 1990, is devoted to works for organ by Canadian composers, a collection directed by Lucien Poirier.

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Craft Brewing in Canada

​Prior to the First World War, Canada boasted 117 independent breweries. But by the early 1980s, just 10 brewing companies remained in Canada — and the three largest, Molson, Labatt and Carling O’Keefe — owned 96 per cent of the market.

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Fur Trade in Canada (Plain-Language Summary)

The fur trade began in the 1600s in what is now Canada. It continued for more than 250 years. Europeans traded with Indigenous people for beaver pelts. The demand for felt hats in Europe drove this business. The fur trade was one of the main reasons that Europeans explored and colonized Canada. It built relationships between Europeans and Indigenous peoples.

(This article is a plain-language summary of the fur trade. If you are interested in reading about this topic in more depth, please see our full-length entry, Fur Trade in Canada.)

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Insolvency in Canada

Insolvency is a financial state defined by either of two situations. One is when a person, business or country cannot meet their obligations as they become due. The other is when the value of a person’s liabilities exceeds their assets.

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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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De Havilland Beaver

De Havilland Beaver, DHC-2, successor to the Noorduyn Norseman, was the all-purpose bush plane of the Canadian North. The Beaver was sturdy, reliable and able to take off and land on short lengths of land, water and snow. It has been called the best bush plane ever built. While de Havilland produced it for only 20 years — from 1947 to 1967 — many Beaver planes still fly today. The Beaver helped connect communities in remote areas of Canada, in addition to serving across the globe.

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Fur Trade in Canada

The fur trade was a vast commercial enterprise across the wild, forested expanse of what is now Canada. It was at its peak for nearly 250 years, from the early 17th to the mid-19th centuries. It was sustained primarily by the trapping of beavers to satisfy the European demand for felt hats. The intensely competitive trade opened the continent to exploration and settlement. It financed missionary work, established social, economic and colonial relationships between Europeans and Indigenous people, and played a formative role in the creation and development of Canada.

(This is the full-length entry about the fur trade. For a plain-language summary, please see Fur Trade in Canada (Plain Language Summary).)

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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.

Article

One Big Union

The One Big Union (OBU) was a radical labour union formed in Western Canada in 1919. It aimed to empower workers through mass organization along industrial lines. The OBU met fierce opposition from other parts of the labour movement, the federal government, employers and the press. Nevertheless, it helped transform the role of unions in Canada.

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

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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.