Word: canadianization
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Dates: during 1960-1969
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Stirring the dust that has settled over Canadian politics, Liberal Prime Minis ter Lester B. Pearson last week announced the biggest Cabinet overhaul of any government since World War II. Of 25 ministries, ten were reorganized. Five ministers were shifted out of their jobs into new ones, and five old faces, two of them touched by the scandals that rocked Pearson's Cabinet last year, were replaced altogether. Said Pearson bluntly: "The nature of governmental problems is altering to a dramatic degree. These changes are designed to improve efficiency and better serve the needs of the Canadian people...
...banks also began raising their interest rates to keep pace with the money market. Because the dollar is the chief currency of world trade, the repercussions also spread abroad. The Bank of Canada responded by raising its own basic interest rate from 4¼% to 4¾% , and two Canadian commercial banks lifted their prime rate to the 6% legal limit. In Europe, the value of the dollar strengthened in money markets...
Organized only 21 months ago, Koratron already does an $18 million business, has 413 clients who pay for the right to use its process. It is about to open a Canadian branch, will soon license a Far East operation to be called Koratron Technique Hong Kong, which will take advantage of the huge clothing market in the Orient...
Toronto, tied for first place in the Canadian College League, is led by firstline center Paul Laurent, the best individual who will skate against Harvard all year. Laurent scored 40 goals last winter for the Junior A. Marlboros, the Toronto Maple Leaf's number one farm team. There are others too, including the captain, Bob Awrey, whose brother Don plays for the Boston Bruins...
...second big switch, sophomore Don Grimble has been shifted from third-line wing to second-line center and Jack Garrity has moved over to the wing spot vacated by Gonzalez. Grimble was a center when he came to Harvard, but the Canadian, who captained the freshman hockey team last winter, has been a wing throughout his Crimson career...