Canada Economic Problems And Policies Essay

1040 words - 5 pages

Canada Economic Problems/Policies
Answer 1)
Hydro Electric Power Generation of Ontario was established in 1906 in Ontario, Canada. It was a public owned electric utility which was established with the purpose of working with private companies already working at niagara Falls and builiding transmission lines to supply municipal utilities with electricity generated by the private companies.

Answer 2)
Canada National Railway was founded in the year 1918 by the Canadian Government. The railway company is having largest rail network and best revenue figures in Canada and is currently running from Atlantic Coast in Nova Scotia to the Pacific Coast in British Columbia.

Answer 3)
Founded in the year 1927, Liquor Control Board of Ontario(LCBO) was established in Ontario Province with the purpose of selling of Liquor, Wine and Beer through chain of retail stores and to revoke the cocnerned ban as imposed during 1916. Today, only LCBO stores are authorized to sell distilled spirits in Ontario and thus the set up of LCBo has provided easing of Ontario’s temperance regime.
Answer 4)
Founded during the year 1936, Canada Broadcasting Corporation(CBC) is the oldest existing radio and televesion broadcaster in Canada. The corporation offers multiple radio and television services in Canada.
Answer 5)
Unemployment Benefits are the social welfare payments which are made to the unemployed persons by the nation administration or state bodies. The benefits provided to the unemployed persons are limited to covering basic needs.
In canada, the federal government passed Unemployment Insurance Act in 1940 instituting a national public system of unemployment insurance. The scheme was financed through contributions of variosu groups in the society which include employers, employees and federal government itself.

Answer 6)
General Agreement on Tariffs and Trade(GATT) is an economic agreement which was implemented post World War II to enhance the international trade by removing or less involvement of tarriffs, quotas and subsidies. Canada joined GATT on 20th October, 1947.
Answer 7)
Alberta is the fourth largest province in Canada. Although, the province is involved in manyindustries like forestry, finance, tourism but it derives maximum revenue from oil fields and also the exploration of oil and natural gas resources in the state has fueled economic growth in the province.
The destiney of Alberta was changed with major oil discovery in 1947 and followed with multiple discoveries of new oil resources, a heavy share of money flowed into the local economy which was the then used to institute economic spin offs in the province.

Answer 8)
Opened in the year 1959, Saint Lawrence River is the group name of all the locks, canal and channels that allow the vessels to travel from Atlantic Ocean to the Great Lakes.
Answer 9)
TransCanada Pipeline is the longest pipeline in Canada and carries natural gas through Alberta, Manitoba, Ontario and Quebec. The...

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