Browse "Business & Economics"

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Article

Enbridge

Enbridge is a Canadian-based multinational corporation that generates, transports and distributes energy. It also has growing investments in wind, solar and geothermal energy generation. It owns and operates the world’s longest pipeline network, which transports 28 per cent of North America’s crude oil. It is North America’s leader in gathering, processing, transporting and distributing natural gas, with about 3.6 million customers in Canada and New York state. Enbridge’s headquarters is in Calgary, Alberta, and the company employs approximately 16,000 people. In 2016, it boasted revenue of $34.5 billion, $85.8 billion in assets and 2.1 billion in profits. Enbridge is a public company that trades on the Toronto Stock Exchange and New York Stock Exchange under the symbol ENB.
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Article

Encana (Ovintiv)

Encana Corporation produces, transports and markets oil and natural gas. It was formed in 2002 through the merger of the Alberta Energy Company Ltd. and the PanCanadian Energy Corporation. In 2009, the company split in two. Encana remained a corporate entity focused on the exploration, production and marketing of natural gas, and Cenovus Energy was formed to concentrate on oil exploration, production and sales. In 2019, Encana announced plans to move its corporate headquarters from Calgary, Alberta to Denver, Colorado and rebrand as Ovintiv Inc. Encana Corporation earned $5.9 billion in revenue and $1.07 billion in profit in 2018, and it held $15.3 billion in assets. It is a public company that trades on the Toronto Stock Exchange and New York Stock Exchange under the symbol ECA.
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Article

Equalization Payments

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).
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Article

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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Article

Errol Bouchette

Robert-Errol Bouchette, MSRC, lawyer, journalist, Quebec civil servant and intellectual (born 2 June 1863 in Quebec City, QC; died 13 August 1912 in Ottawa, ON). He is best known for two works: a 1901 essay entitled Emparons-nous de l’industrie (Let’s Take Over the Industry), the title of which already foreshadows the topic, and a 1903 novel, Robert Lozé, which sets his ideas in fiction. Through his ideas, he sought to ensure the economic independence of French Canada.
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Article

Algoma Steel Inc.

Algoma Steel Inc. is a major steel producer based in Sault Ste. Marie, Ontario. Its principal products are steel plate and sheet for various industries, including automotive, construction and manufacturing. The company employs more than 2,900 people in Sault Ste. Marie.
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Article

Estey Commission

The Estey Commission was an inquiry into the collapse of the CANADIAN COMMERCIAL BANK (CCB) and the Northland Bank. The Honourable Willard Z.
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Article

Evans Brothers Piano and Manufacturing Co Ltd

Evans Brothers Piano and Manufacturing Co, Ltd. Established in London, Ont, in 1871 or 1872 under the name E.B. Litler or Littler. The brothers John and William Evans appear to have formed a partnership with Litler ca 1885.
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Exchange Rates

The dollar became the official monetary unit of the Province of Canada on 1 January 1858 and the official currency of Canada after Confederation.
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Article

Exports from Canada

Exports are goods or services that residents of one country sell to residents of another country. Since its earliest days, Canada’s economic prosperity has relied on exports to larger markets; first through its colonial ties to Britain and later due to its geographic proximity to the United States. Billions of dollars of goods and services cross Canada’s border each year. (See International Trade.) Exports make up about a third of Canada’s gross domestic product (GDP). In 2019, Canadians exported $729 billion worth of goods and services. Almost 75 per cent of Canada’s total exports go to the United States. (See Canada-US Economic Relations.) Other major markets include the European Union, China and Japan.
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Macleans

Expos Bought by Loria

An ardent baseball fan since the 1950s and a minority owner of the Montreal Expos, Mark Routtenberg concedes that even his passion for the Grand Old Game waned during the past year.This article was originally published in Maclean's Magazine on December 13, 1999
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Canadian Foreign Relations

Throughout its history, Canada has taken a series of steps to develop from a British colony into an independent nation. Both the First and Second World War were turning points; Canada’s military sacrifices gave it the strength and confidence to demand its own voice on the world stage. In the postwar era, Canada maintained its role in both Western and global alliances. (See NATO; NORAD; GATT.) However, economics have shaped Canadian diplomacy to a remarkable extent. Because of the United States’ singular importance to Canadian security and trade, relations with the US have dominated Canada’s foreign policy since Confederation.
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Macleans

Exxon and Mobil to Merge

This article was originally published in Maclean’s magazine on December 14, 1998. Partner content is not updated. On a chilly spring day in 1911, the decision reverberated through the executive offices of the Standard Oil Trust like a thunderclap: the worlds biggest oil company was to be broken into 34 corporate pieces by order of the U.S. government. Upon hearing this, John D.
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Article

Farm Credit Canada

Farm Credit Canada (FCC), known as the Farm Credit Corporation until 2001, was established under the Farm Credit Act of 1959. FCC is Canada's largest agricultural term lender and is dedicated to serving the financial needs of Canadian farmers. FCC is a Crown corporation that reports to the Canadian Parliament through the Minister of Agriculture and Agri-Food. (See also Department of Agriculture.)
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Article

Film Distribution in Canada

Film distribution is one of the three main branches of the film industry. It provides the link between film production and exhibition. It is also the most profitable of the three sectors and is dominated by large multinational conglomerates. Film distribution companies supply movies, television programs, videos and new media to outlets such as cinemas and broadcasters. They do so in territories where they have acquired rights from the producers. Traditionally, distribution companies are the prime source for financing new productions. The distribution sector has been called “the invisible art.” Its practices tend to only concern industry insiders and go unnoticed by audiences. American companies dominate film distribution in Canada. They have controlled access to Canadian screens since the 1920s. (See also: Canadian Film History: 1896 to 1938.)
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