Browse "Business & Economics"

Article

Wage and Price Controls

Wage and Price Controls are comprehensive government restrictions on the maximum rate at which wages and prices may increase during a specified time period. Wage and price controls can be distinguished from other types of government price and wage intervention by 2 characteristics.

Article

Grain Handling and Marketing

There are approximately 120 000 grain-producing farms in Canada. Yearly production varies substantially, depending on climatic conditions. Grain production has doubled since the 1950s, with wheat making up a large percentage of production. In 1997-98, total Canadian wheat exports were 15.

Article

Trades and Labor Congress of Canada

Founded in 1883, the Trades and Labor Congress of Canada (TLC) was the first union central to take lasting root in Canada. Principally bringing together craft unions, the TLC was the largest workers’ organization in Canada at the turn of the 20th century. The TLC saw its membership fluctuate in the 20th century because of the fierce competition between national and international unions and the rise of industrial unionism. In 1956, the organization merged with the Canadian Congress of Labour to become the Canadian Labour Congress.

Article

Strikes and Lockouts

A strike is the withholding of labour by workers in order to obtain better wages or working conditions. A lockout is the opposite, being the temporary shutdown of a business by an employer to compel employees to accept certain conditions.

Article

Coins and Tokens

Coins are issued by governments for use as money. A quantity of coins issued at one time, or a series of coins issued under one authority, is called a coinage. Tokens are issued as a substitute for coinage, usually by private individuals or organizations such as merchants and banks. Canada’s complex political history has meant that Canadian numismatists have an astonishing variety of coins, coinages and tokens to collect and study.

Article

Stock and Bond Markets

After shares are issued they may be listed on various stock exchanges and bought or sold through brokerage firms. Shares may be listed on a stock exchange if the companies have the size, stability and financial strength and are willing to report publicly on their operations.

Macleans

Exxon and Mobil to Merge

On a chilly spring day in 1911, the decision reverberated through the executive offices of the Standard Oil Trust like a thunderclap: the world’s biggest oil company was to be broken into 34 corporate pieces by order of the U.S. government. Upon hearing this, John D.

Article

Canada and NAFTA

The North American Free Trade Agreement (NAFTA) is an economic free trade agreement between Canada, the United States and Mexico. Designed to eliminate all trade and investment barriers between the three countries, the free trade agreement came into force on 1 January 1994. In addition to being one of the most ambitious trade agreements in history, NAFTA also created the world’s largest free trade area. It brought together two wealthy, developed countries (Canada and the United States) with a less developed state (Mexico). The agreement built on the earlier Canada-US Free Trade Agreement (CUSFTA), which came into effect on 1 January 1989. After NAFTA was signed, trade and investment relations between the three countries expanded rapidly, but political co-operation remained weak. NAFTA continued to be controversial, particularly in the United States. In 2017, US President Donald Trump threatened to renegotiate or cancel the deal. After more than a year of negotiations, Canada and the US reached an agreement in principle on 1 October 2018. The renegotiated trilateral agreement was given a new title, the United States-Mexico-Canada Agreement (USMCA).

Article

Anti-Inflation Board

Anti-Inflation Board, established by Act of Parliament in late 1975 to administer a wage-and-price-control program. Although the program was phased out during 1978, the AIB did not cease all operations until 1979. Because of its examination of company profits, close to $323.

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.