Word: alberta
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...even with the first-quarter rate in dollars (but down a fraction in real terms), and government economists think third-quarter figures will show a further fractional setback. The leveling off of Canada's long-lived boom last week sent jitters from Toronto's Bay Street to Alberta's unseasonably snowbound prairies...
...quiet, young (43), round-faced Alberta oil millionaire last week became the largest single stockholder in Trans-Canada Pipe Lines Ltd., the vast and controversial enterprise that will bring Western gas to Eastern Canada. In Manhattan, Calgary Oilman Robert Arthur Brown Jr. bought the last of Tennessee Gas Transmission Co.'s Trans-Canada holdings, giving his fast-rising Home Oil Co. Ltd. a 12% holding in Trans-Canada (v. Texas Oilman Clint Murchison's 8%. and British American Oil's 5%). By buying out Tennessee at upwards of $25 a share, Bobby Brown replaced Tennessee...
Smithsonian scientists also revealed yesterday that the first photograph of the rocket was made Wednesday by an observatory in New Brook, Alberta, Canada. A copy of the picture has been requested by astronomers here, but had not yet been received last night...
...Canadian Pulp and Paper Association, whose members sell newsprint for U.S. dollars, complained that the "abnormal and artificially high value of the Canadian dollar" had created an "urgent and pressing problem" for ex port industries, which still must pay their domestic costs in high-priced Canadian dollars. In Alberta cattle growers found the interest of U.S. buyers waning in the face of a 6% exchange...
...tensions generated by Canada's historic postwar rise vibrated through the House of Commons one day in May 1956, when the Liberal government's economic czar, Trade and Commerce Minister Howe, brought in a bill to ensure the construction of a gas pipeline from Alberta to Eastern Canada. The franchise had already been granted to Trans-Canada Pipe Lines Ltd., a corporation controlled by U.S. oilmen; now Howe proposed to lend the company $80 million to start construction. In addition, Howe planned to set up a government corporation to build an uneconomic section of the line. Angrily...