Word: pearson
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...owns 73% of mining, 61% of manufacturing, 80% of Canada's oil industry-more than in any other industrialized nation in the world. Gordon hopes gradually to shift the emphasis from direct investment to bond capital, such as developed a U.S. industry largely free from overseas control. Pearson made a campaign pledge to establish a national development corporation that would draw capital from pension and insurance funds and individuals, and have as its eventual goal "buying back Canadian resources and Canadian companies." Gordon quickly adds: "We must deal fairly with people who have invested their money in Canada...
Walter Gordon, 57, the professorial Toronto management consultant who is virtually certain to become Pearson's Finance Minister, cites the $200 million in parts that the Canadian auto industry imported last year from the U.S. Through tax incentives, Gordon hopes to encourage the industry to make more parts in Canada and export more of them...
Defense. When they turned to defense, the Liberal Party planners decided that the issue involved was Canada's international word, a basic consideration to old Diplomat Pearson. "Nuclear virginity" is a favorite Canadian political stance, and Pearson was no more warmly disposed toward nuclear weapons than Diefenbaker was. But Diefenbaker agreed to play Canada's part in continental defense by acquiring Bomarc antiaircraft missiles and Voodoo interceptors, only to refuse the nuclear warheads for which they were designed. The Honest John artillery missiles with the Canadian Army Brigade on NATO duty in Germany were, to keep them balanced...
When General Lauris Norstad, retiring from SHAPE, dropped in at Ottawa last winter and allowed that Canada was not living up to its NATO commitments. Pearson, after a thoughtful week off, announced a switch in Liberal policy: since Canada had made a nuclear commitment to NATO and NORAD. it should live up to its obligations, and at a future time re-examine the rights and wrongs of the commitment...
...French dissatisfaction that Demagogue Caouette exploited was the feeling that French Canadians had been cheated out of their birthright. They thought, said Mike Pearson, that Confederation "meant partnership, not domination." but the result has been "an English-speaking Canada with a bilingual Quebec." In Ottawa, French-speaking civil servants are even required to write to each other in English-for ease of filing. Young French intellectuals bitterly call themselves the "white Negroes" of Canada. French Canadians outside Quebec, crusading for schooling in their own language, were recently told by a school trustee of one large Ontario city: "We have...