Word: canadians
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Dates: during 1950-1959
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...million, which the Treasury expects to recoup from toll charges. Eventually, by dredging the Detroit, St. Clair and St. Mary's rivers, ocean shipping may be able to reach Duluth and Canadian towns in the western reaches of Lake Superior...
FORD OF CANADA has done even better than its U.S. big brother so far in 1954. It has not only pushed ahead of Canadian General Motors in the low-priced field, but also in percentage of the total auto market. Totals: Ford, 53,508 cars and trucks, up 37% to 40.9% of the market; G.M., 50,945 cars and trucks, down 18% to 40.5% of the market...
With no more equipment than a telephone, sharp Canadian stock promoters have fleeced gullible Americans of millions by palming off worthless oil and uranium shares at inflated prices. Until two years ago, the U.S. could do nothing to stop the practice, since most of the operations were conducted by phone from Canada, and the U.S. had no power to extradite Canadian citizens for such an offense. But in 1952 the two countries signed an extradition treaty to cover stock frauds. In Detroit last week, marking the first use of the treaty, a U.S. federal grand jury indicted two Montreal brokerage...
...they did it, according to the indictment, was in the best tradition of Canada's fly-by-night promoters (TIME, Oct. 15, 1951). The two Canadian firms dealt in such stocks as "Stampede Petroleums Ltd.," "Oakridge Mining Corp." and "Candoo Metals & Oils Ltd." Their persuasive salesmen, charged the grand jury, called likely prospects with phony reports of new oil and uranium strikes. A favorite trick was to quote a stock at one price, then lei a sucker buy it for less, pretending he was getting a tremendous bargain when actually the stock was worthless. One promoter made a sale...
...indictment listed 224 false statements by the Canadian promoters. Penalties on each count run up to five years and fines...