Browse "Business & Economics"

Article

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.

Article

Winnipeg General Strike of 1919

The Winnipeg General Strike of 1919 was the largest strike in Canadian history. Between 15 May and 25 June 1919, more than 30,000 workers left their jobs. Factories, shops, transit and city services shut down. The strike resulted in arrests, injuries and the deaths of two protestors. It did not immediately succeed in empowering workers and improving job conditions. But the strike did help unite the working class in Canada. Some of its participants helped establish what is now the New Democratic Party.

Editorial

The Great Crash of 1929 in Canada

In late October of 1929, terror seized the stock exchanges of North America. Capitalism’s speculative party, with its galloping share prices and its celebrity millionaires, came to an abrupt stop. The Great Crash, it was called, and it was followed by the Great Depression.

Article

Windsor Ford Strike of 1945

The Windsor Ford Strike was a 99-day strike from 12 September to 19 December 1945 by 11,000 employees of the Windsor, Ontario, Ford Motor Company plant. Some 8,000 auto workers from other plants also participated. The Ford workers, who were led by the United Automobile Workers of Canada (UAW), demanded recognition of their union by Ford and mandatory membership for all plant workers. The strike was ultimately resolved through binding arbitration under Supreme Court Justice Ivan C. Rand and resulted in the widely used Rand Formula.

Macleans

Martin's 1995 Budget

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.

Macleans

Martin's 1996 Budget

If Martin has his way, there will be one more budget - if only because he could then announce the virtual elimination of the federal deficit by the turn of the century.

Macleans

Martin's 1998 Budget

There were still three weeks remaining before budget day when Finance Minister Paul Martin sat down one afternoon for a strategy session in his fifth-floor office in the Centre Block of the Parliament Buildings.

Macleans

Martin's 1999 Budget

"I wasn't sure if he was running for leader of the party or president of Cuba," one Liberal backbencher whispered as Finance Minister Paul Martin wrapped up his one-hour, 20-minute budget speech to Parliament last week.

Macleans

Martin's 2000 Budget

By any standard it was a meaty budget. On taxes, Finance Minister Paul Martin's first fiscal plan for the new century laid the table for five years of gradual cuts to corporate and personal rates.

Macleans

Manley's 2003 Budget

YOU COULDN'T BLAME John Manley for not seeing it coming. He rises in the House of Commons making like a department-store Santa handing out goodies like there's no tomorrow - yet everybody's mad at him.

Article

Canadair CL-215

Canadair CL-215, unique amphibious aircraft designed to fight forest fires with water bombing and chemical fire retardants. It can scoop up a load of over 5000 litres of water in 10 seconds while skimming over a body of water, and jettison it over a fire in less than 1 second.

Article

Canadair CL-28 Argus

Canadair CL-28 Argus, long-range maritime patrol plane built in Canada. Based on the Bristol Britannia, a British passenger aircraft, it carried an operational crew of 15, and was equipped with sophisticated radar and

Macleans

CN Cuts 3,000 More Jobs

Necessary downsizing or corporate greed? Canadian National Railway Co.’s announcement last week of plans to slash 3,000 jobs quickly prompted those diametrically opposed views. CN executives said the cuts were required to make the company more competitive.

Macleans

Ontario Hydro's $6 Billion Loss

It was a sight to behold: men and women who have dumped all over the province's public electrical utility from the dawn of political time, running in rhetorical circles in an effort to persuade worried voters and nervous consumers that Ontario Hydro's decision to write $6.

Article

de Havilland Dash 7

De Havilland Dash 7, DHC-7, STOL aircraft designed for efficient transport from city centres. It first flew March 1975 after a long development costing $120 million, four-fifths of which was paid by the federal government. Its

Article

A. & S. Nordheimer Co.

A. & S. Nordheimer Co (after ca 1898 the Nordheimer Piano & Music Co). Music dealers and publishers, piano dealers and later manufacturers, active in Kingston, Canada West (now Ont), 1842-4 and in Toronto 1844-1927.

Macleans

Martin Reports a Surplus

Finance Minister Paul Martin’s mission was clear in delivering his annual fall economic update. Douse hopes that much new spending is in the works. Dismiss the argument that Ottawa can afford a big reduction in Employment Insurance premiums.

Macleans

Wal-Mart Causes a Revolution

Dashing from aisle to aisle in a newly opened Canadian Tire store in Newmarket, Ont., Stephen Bachand looks like a politician in mid-campaign. The U.S.-born businessman pumps hands with employees, shows off the building's features and passionately preaches about the "New Tire.