Word: alberta
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...matter what happens in the Central deal, Murchison is busy on a bigger transaction. Last week, in Canada, the Alberta government, by okaying a gas-export permit, in effect gave the go-ahead to Trans-Canada Pipe Lines, Ltd. to build a 2,240-mile pipeline from Eastern Alberta to Toronto and Montreal, with a planned spur to Minneapolis-St. Paul. The $3 million Trans-Canada pipeline, which will be half owned by Murchison's Canadian Delhi Oil, Ltd., will be nearly half again as long as the Big Inch. Murchison and his Canadian partners still have to raise...
Their job of seeing that copies are delivered on schedule in the right quantity sometimes requires emergency action. For example, last month a plane carrying the newsstand copies of TIME for British Columbia and Alberta crashed and burned. The American News Co. in Winnipeg called TIME'S production office in Chicago to rush all available extra copies west. Callahan phoned his distributors in Toronto and Montreal to strip their newsstands to the bare minimum and air-express the copies to Vancouver, where Pearson was busy making special arrangements with his distributors to meet the off-schedule shipments as they...
Time Limit. In Edmonton, Alberta, the Journal printed a classified ad: "Old beat-up house must be sold before it collapses. Give us a cash offer...
...people of oil-rich Alberta, whose provincial government now takes in more than $90 million a year in petroleum revenue, heard intriguing news last week. In his annual budget message, Social Credit Premier Ernest Manning said it was entirely possible that within the foreseeable future Alberta's oil and gas income would double. That would be enough to wipe out all present municipal, school and hospital taxes...
Continued heavy U.S. investment in Canada, particularly in high-interest bonds and Alberta oil, was mainly responsible for the Canadian dollar's rise. The heavy demand for Canadian dollars in the U.S. made them scarcer and pushed up the price...