Word: canadianization
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Dates: during 1960-1969
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...time over again, I would give my whole life to it." But nearly half his life lay behind him when he bought the London Daily Express in 1916, not to turn journalist but to dragoon a public voice for his political ambitions. The self-made Canadian multimillionaire aspired to nothing less for himself than a tenancy at No. 10 Downing Street, nothing less for England than perpetuation of the British Empire. Both dreams went glimmering. He could take a strong hand in changing British governments, and did three times, but he never headed one himself. He could thunder the cause...
...began, Britain's Finest Hour was also his; as Churchill's Minister of Aircraft Production, he put up the cloud of Spitfires that saved the day. These and other accomplishments invested him with the quality of living legend. "Positive, bee," wrote a columnist in a Canadian paper, "comparative, Beaver; superlative, Beaverbrook." Sir Beverley Baxter, M.P. and once an Express managing editor, called him a cross "between a magician and an avalanche...
Mining in Canada seems to follow a pattern of seven years of fat, seven years of lean. The great uranium boom pumped $10 billion into the Canadian economy between 1950 and 1957, then fizzled. Now, after seven fairly slender years, a new mining rush is on. Some 900 companies are drilling for metals and oil from New Brunswick to British Columbia...
...notably the spectacular copper, zinc and silver find by Texas Gulf Sulphur near Timmins. Ont. More than 1,000 prospectors have staked 8,000 claims, some as far as 65 miles from the strike site. Texas Gulf Sulphur will spend $20 million to develop its Timmins properties, and such Canadian firms as Noranda Mines, Hudson's Bay and Consolidated Mining together have raised their exploration budgets in the area by $10 million. International Nickel put 30 surveyors to work, some in helicopters, and even staked more than 40 claims to the Timmins airport-under which copper is thought...
...this has led to the most frenzied trading in mining stocks in history. Over the past two months, more than 1 billion shares in Canadian mining companies have changed hands on the Toronto Stock Exchange, and more than 14 million shares of Texas Gulf have traded on the New York Stock Exchange. Brokers figure that half a dozen mining companies have raised between $4,000,-000 and $6,000,000 by floating new shares. Some of the funds have already slipped back across the border, are being used by United Comstock Lode Lines to reopen the dormant Comstock gold mine...