Browse "Companies"

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Macleans

Newcourt Credit

This article was originally published in Maclean’s magazine on February 23, 1998. Partner content is not updated. Steven Hudson learned early about the power of performance-based compensation. As a teenager in Scarborough, Ont., he took a job at a bingo hall for seniors, pushing a refreshment cart up and down the aisles. The more chips and popcorn he sold, the more money he took home.
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Macleans

Newcourt Merges with CIT

This article was originally published in Maclean’s magazine on November 8, 1999. Partner content is not updated. On May 5, hundreds turned up in their finest for the première of the National Ballet of Canada's revamped production of Swan Lake. Yet, as fabulous as artistic director James Kudelka's $1.6-million production was, an equally remarkable performance had taken place before the dancing ever started.
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Noranda Inc

Its principal activities are in mining, manufacturing, forest products and oil and gas exploration, with its subsidiary, Noranda Sales Corporation Ltd, handling worldwide sales. Noranda has properties in Canada, the US and overseas, including South America and Australia.
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Nortel

Nortel Networks Corporation, or simply Nortel, was a public telecommunications and data networking equipment manufacturer. Founded in 1895 as the Northern Electric and Manufacturing Company, it was one of Canada’s oldest technology companies. Nortel expanded rapidly during the dot-com boom (1997–2001), purchasing many Internet technology companies in a drive to remain competitive in the expanding information technology (IT) market. At its height in 2000, the company represented over 35 per cent of the value of Toronto’s TSE 300 index. It was the ninth most valuable corporation in the world and employed about 94,000 people worldwide at its peak. But Nortel soon entered an extended and painful period of corporate downsizing, and in 2009, the company filed for bankruptcy protection in the largest corporate failure in Canadian history. Shareholders, employees and pensioners suffered losses as a result. Company executives, however, were paid a total US$190 million in retention bonuses between 2009 and 2016. Nortel sold off its assets for a total US$7.3 billion. Those assets were scheduled to be distributed to Nortel’s bondholders, suppliers and former employees in 2017.
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Macleans

Nortel Struggles to Recover Its Worth

WHEN NORTEL Networks Corp.'s share price was $92 two years ago, Ray Puhalski bought 300 shares, investing $27,600. A month later, the stock was trading at $71.40. Puhalski invested again: $32,130 for 450 shares; and the following week, when Nortel was at $65.50, he bought another 250 shares.This article was originally published in Maclean's Magazine on November 11, 2002
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North West Company

Founded in 1779, the North West Company was a major force in the fur trade from the 1780s to 1821. Managed primarily by Highland Scots who migrated to Montréal after 1760, or came as Loyalists escaping the American Revolution, it also drew heavily on French-Canadian labour and experience. The name first described Montréal traders who in 1776 pooled resources to reduce competition among themselves and to resist inland advances of the Hudson’s Bay Company.
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Article

Northern Telecom Limited

See ELECTRONICS INDUSTRY.
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Macleans

Nova and TransCanada Merge

This article was originally published in Maclean’s magazine on February 9, 1998. Partner content is not updated. When he arrived at his Calgary office last Nov. 11 after unveiling a plan to split Nova Corp.'s pipeline and petrochemical operations into separate companies, CEO Ted Newall received an urgent message from his counterpart at TransCanada PipeLines Ltd.
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NOVA Corporation

NOVA Corporation was a Canadian energy company based in Calgary. Originally known as the Alberta Gas Trunk Line Company Ltd., it was established in 1954 to build, own and operate Alberta’s natural gas gathering and transmission facilities. In 1998, NOVA merged with TransCanada (now TC Energy), creating the fourth largest gas pipeline company in North America.
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Nova Scotia Research Foundation Corporation

The Nova Scotia Research Foundation Corporation (NSRFC) was a research organization established by the province as the Nova Scotia Research Foundation in 1946 in response to Henry M.
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Otto Higel Co. Ltd.

Otto Higel Co. Ltd. Toronto manufacturer of piano and organ supplies. The company was founded in 1896 by Otto Higel (b Silesia, Germany, 1869, d Toronto 2 Jul 1930), who had bought the Toronto piano action and key manufacturing business of F.
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Pacific Fur Company

The Pacific Fur Company was established on 23 June 1810 and headed by New York fur dealer John Jacob Astor. Principal partners included ex-Nor'Westers Alexander McKay, Donald McKenzie and Duncan McDougall.
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Pacific Western Airlines Ltd

In 1984, with the advent of the Economic Regulatory Reform (ERR), most of Canada experienced a deregulation program similar to that in the United States. The ERR had several significant effects. Two large trunk carriers, CAI and Air Canada, emerged, competing on major domestic routes.
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Petro-Canada

Petro-Canada, created by the federal government in the mid-1970s as Canada's national oil company, was the offspring of the world energy crisis, Canadian ECONOMIC NATIONALISM, and a tradition of state-supported development of the country's costly energy frontier.
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Macleans

Philip Services Corp

There has been growth - but, lately, in the field of bad news (page 54). On Jan. 27, the company announced an after-tax loss in 1997 of close to $260 million. That figure, the firm acknowledged, included $88 million worth of reclaimed copper that Philip could not account for.This article was originally published in Maclean's Magazine on March 2, 1998
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