Browse "Business & Economics"

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Macleans

Newspaper War Hurts Globe

PHILLIP CRAWLEY came to Canada in 1998 with a simple mission: kill the upstart National Post.This article was originally published in Maclean's Magazine on November 1, 2004
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Nine Hour Movement

The Nine Hour Movement was an international phenomenon, taking place in Canada between January and June 1872. The movement’s goal was to standardize shorter working days. Though this particular mandate was unsuccessful, the movement did have an impact, including setting the foundation for the Canadian Labor Union.
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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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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 Kitimat, British 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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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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Ocean Industry

The search for hydrocarbon resources in offshore areas, the driving force behind the development of the ocean industry, began in earnest in the early 1960s in the shallow waters of the Gulf of Mexico.
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Ocean Mining

Several types of valuable mineral deposits exist under the oceans and other large bodies of water. Where water is shallow, placer deposits can be recovered by large dredges (eg, tin minerals off the coasts of Java and Borneo).
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Oil, Chemical and Atomic Workers International Union v Imperial Oil Limited et al

In 1961 the BC Legislature prohibited trade unions from using membership fees paid under a collective agreement checkoff provision for political purposes.
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Oil Sands

The Canadian oil sands (or tar sands) are a large area of petroleum extraction from bitumen, located primarily along the Athabasca River with its centre of activity close to Fort McMurray in Alberta, approximately 400 km northeast of the provincial capital, Edmonton. Increased global energy demand, high petroleum dependency and geopolitical conflict in key oil producing regions has driven the exploration of unconventional oil sources since the 1970s which, paired with advances in the field of petroleum engineering, has continued to make bitumen extraction economically profitable at a time of rising oil prices. Oil sands are called “unconventional” oil because the extraction process is more difficult than extracting from liquid (“conventional”) oil reserves, causing higher costs of production and increased environmental concerns.
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