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Canadian Press

Canadian Press (CP), Canada's principal news agency, began in 1910 as Canadian Press Ltd, a re-distributor of news from the Associated Press (AP) to Canadian newspapers through Morse code and telegraph wires.

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Financial Post

The Financial Post was a newspaper founded by John Bayne MACLEAN, who also founded MACLEAN'S magazine. Intended to provide reliable investment information, especially to the Toronto business community, The Financial Post published its first issue on 12 January 1912.

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Sun (Vancouver)

The Sun, Vancouver's largest daily newspaper, first appeared as The Vancouver Sun, 12 February 1912, "to consistently advocate the principles of Liberalism." Under publisher Robert Cromie and his sons, the Sun tended to support the Liberals but was often critical of them.

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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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Agribusiness

With the farm as the centre, agribusiness is that sector of the economy that includes all firms, agencies and institutions that provide inputs to the farm and procure commodities from the farm for processing and distribution to the consumer.

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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.

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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.

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Northern Gateway Pipeline Proposal

The $7.9 billion Northern Gateway project was a pipeline proposal that Enbridge put forward in 2008. Northern Gateway would have carried diluted bitumen (“dilbit”) about 1,170 km from Bruderheim, Alberta to a terminal on the Pacific Ocean at KitimatBritish Columbia. Enbridge claimed that the project would create $1.2 billion in tax revenue for BC, as well as 560 jobs. The Federal Court of Appeal overturned the pipeline’s approval in 2016. That same year, the Liberal government of Prime Minister Justin Trudeau rejected the project.

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Canadian Aerospace Industry

The aerospace industry includes the development and production of aircraft, satellites, rockets and their component parts. Aerospace is a major component of Canada’s economy, employs tens of thousands of Canadians, and accounts for a large part of Canadian trade with foreign markets. Canada boasts a diverse aerospace sector and is one of just a few countries that produce airplanes. Through close partnership with the United States space agency, the National Aeronautics and Space Administration (NASA), Canada has also launched satellites as well as built sophisticated components used on the International Space Station.

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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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Shipping Industry

Shipping is often the least expensive way of moving large quantities of goods over long distances. The existence of reliable water transportation has been a key to the economic and political well-being of most nations throughout history.

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Media Bias in Canada

Bias means supporting or opposing something or someone in an unfair way, regardless of the evidence. Media bias is when information spread by media or a news outlet reflects the interests and biases of ownership or individuals of that media company. Corporations may have a clear bias for one political party or issue and may influence its media outlets to reflect that bias. Individual journalists or news outlets may favour one side of an issue and reflect that bias — consciously or unconsciously — in the way they cover stories. The fact that a majority of journalists in Canada are White can also lead to biased reporting on minority groups. People can overcome unconscious bias by thinking and talking about it, and especially by listening to people from less privileged backgrounds.

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Bombardier Inc.

Bombardier Inc. is a manufacturer of private airplanes that was once among the world’s largest manufacturers of trains and commercial airplanes. Headquartered in Montreal, the company was originally incorporated as L’Auto-Neige Bombardier Limitée in 1942. Its founder, Joseph-Armand Bombardier, was a Québécois mechanical engineer who invented one of the first commercially viable snowmobiles. Bombardier Inc. grew considerably from its beginnings as a snowmobile manufacturer into an iconic Canadian company, known for its public transportation vehicles and jetliners. Facing financial troubles in the 21st century, however, it began to sell off parts of its business. In 2020, it made deals to sell the last of its assets outside its private-jet business, including its commercial plane and rail divisions.

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Banff Springs Hotel

The hotel was developed as part of the CPR’s (Canadian Pacific Railway) network of hotels, which built landmark hotels in young cities across Canada in order to encourage the use of its transcontinental lines. The Banff Springs Hotel is in the lineage of hotels such as the Chateau Lake Louise in Alberta, Le Chateau Frontenac in Québec City and the Empress Hotel in Victoria, British Columbia. Known as the “Castle in the Rockies,” the Banff Springs Hotel is predominantly in the Scottish Baronial style, featuring an Arts-and-Crafts interior.

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Icewine

​Canada didn’t invent icewine but in the space of a couple of decades it has become the Canadian product that is most sought after by the international wine community.