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The Royal Commission on the Economic Union and Development Prospects for Canada (Macdonald Commission) was appointed in 1982 to examine the future economic prospects of the country and the effectiveness of its political institutions.

Canada Savings Bonds differ from other government bonds in that they can be cashed at any bank for the face value plus accrued interest. They cannot be sold by the original buyer but must be held until cashed or until they mature (usually in 7 years) from the time they were bought.

 The White Paper on Employment and Income of 1945 described the Canadian government's immediate postwar fiscal and economic policies. Presented to Parliament by the Honourable C.D.

Equalization payments are payments that the federal government makes to the poorer provinces. The monies come from Ottawa's general revenues and are unconditional transfers that can be spent as the recipient provinces please (see also TRANSFER PAYMENT).

The Department of Consumer and Corporate Affairs was established in 1967 to bring together under one minister the administering of federal policies regulating the marketplace.

Consumer standards are documents describing acceptable characteristics or usage for products, materials and services used by individual consumers. They may specify dimensional, performance or safety requirements for household products.

Crop Insurance An all-risk crop-insurance program is available to Canadian farmers under the authority of the federal Crop Insurance Act (of 1959) and through concurrent and complementary legislation enacted by each province.

The Royal Commission on Corporate Concentration (Bryce Commission) was appointed in April 1975 under R.B. BRYCE, and reported 1978.

Competition policy refers to legislation used by the federal government to eliminate privately imposed restraints on trade and to encourage competition.

Canada's federal and provincial governments follow a budgetary process, designed to ensure control, accountability and planning in the spending of public money.

The idea for this royal commission was based on a draft article by Walter GORDON in 1955 questioning the validity of a number of the government's economic policies, particularly the question of selling control of Canada's natural resources and business enterprises to foreigners.

Canada Corn Act, passed in 1843 by the British Parliament and applying to all grains, allowed Canadian wheat to enter the British market at a nominal duty, and flour manufactured in Canada at a proportionate rate.

The Automotive Products Trade Agreement of 1965, better known as the Canada-US Auto Pact, led to the integration of the Canadian and US auto industries in a shared North American market. While it brought great benefits to Canada, it was eventually found to be contrary to international trade rules and was cancelled in 2001. By then it had accomplished its biggest goal — an integrated North American industry with a much stronger Canadian presence.

Nationalization is the takeover of ownership and control of a privately owned enterprise by the STATE.

Mutual Aid is the principal economic means by which Canada assisted its allies with food, raw materials and munitions from May 1943 until the end of WORLD WAR II. The Mutual Aid Board, chaired by C.D.

A bailout consists of providing financial help to a business or to the wider economy during times of trouble.

 Income Distribution refers to the share of total income in society that goes to each fifth of the population, or, more generally, to the distribution of income among Canadian households.

The term "intergovernmental finance" refers to the web of financial flows linking governments in a constantly evolving federal system (see FEDERALISM).