Word: canadianization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...airline had been in turbulent financial condition ever since the Dec. 12 crash, which so far has mystified Canadian and U.S. investigators. Last week, though, the Canadian Aviation Safety Board reported that the crew had underestimated the weight of the plane's passengers and baggage by at least six tons. Spurred by mounting pressure from Congress, the Federal Aviation Administration declared Arrow's remaining fleet of ten DC-8s no longer airworthy because critical replacement parts had not been FAA certified, and the Air Force then suspended Arrow's $21 million military-charter contract. Arrow called the Government's actions...
...planning only after they have been shaken to their corporate core. That was the experience of H.J. Heinz, the consumer-products conglomerate. The firm attracted unwelcome attention last year when its Star-Kist subsidiary was accused of shipping 1 million cans of rancid tuna in Canada. Even after the Canadian Prime Minister impounded the fish, Heinz executives refused to speak to the press or the public. Concedes Thomas McIntosh, a Heinz spokesman: "It was ignorance. We didn't know what was happening. It was a truly embarrassing episode." Two months ago, Heinz belatedly began organizing its own emergency-management team...
...Canadian tourists were suddenly thinking twice about vacations to Florida, while Americans were packing up for ski trips to the Laurentians, north of Montreal. Reason: the continuing decline of the Canadian dollar, which early last week fell below 70 American cents for the first time and hit a low point of 69.24 cents on Tuesday. Alarmed by the drop, the government-owned Bank of Canada intervened heavily in the currency markets, spending U.S. dollars to buy Canadian dollars in an effort to increase their value. By week's end Canada's dollar was back up to 71.07 cents...
...current weakness of the Canadian currency, which was worth 81 cents as recently as 1983, is somewhat enigmatic. The economy is growing at a healthy 4% annual pace, and inflation is only 4%. Falling oil prices may be one cause of the dollar's dip, but petroleum accounts for only about 5% of Canada's merchandise export revenues. Probably more damaging is the government's deficit, which was about $34 billion (Canadian) last year. To strengthen the dollar significantly, says Ben Gestrin, vice president of the Canadian Imperial Bank of Commerce, the government must prove that it will "pull...
...Korean manufacturers than the U.S. auto showroom. Americans bought some 11 million cars last year for $131 billion. Hyundai, whose Pony subcompact is already the best-selling import in Canada, may be able to capitalize indirectly on the lofty reputation of products made in Japan. Says Edward Klein, a Canadian auto dealer who sells the Pony: "People perceive it as a quality car because it comes from the Orient." That perception has some foundation: Japan's Mitsubishi owns 15% of Hyundai and supplies the technology for the Excel's engine and transmission...