Browse "Business & Economics"
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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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News Agencies
Canadian newspapers and broadcast stations depend heavily on news agencies for a regular supply of news from outside their immediate geographical area. One-third to one-half of news and editorial content comes from news agencies, also called wire services or press associations.
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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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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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