Word: saguenay
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Dates: during 1960-1969
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Aluminium comfortably skims tariff barriers because it is a low-cost producer, benefiting from Canada's lower-wage labor, devalued dollar and abundance of cheap electric power. Harnessing the remote Saguenay River, Aluminium cut into the trackless wilds of northern Quebec to build the dams that now power the smelter at Arvida (a contraction of Arthur Vining Davis). For the still bigger Kitimat power project in British Columbia, it carved a ten-mile tunnel into a mountain, created a waterfall 16 times as high as Niagara Falls and built a smelter with an awesome annual capacity...
Last week the Cuban state shipping line announced the immediate start of a freight service with Canada. From Canada's Saguenay Shipping Co., which eliminated its Montreal-Santiago freight service a month ago, came hopeful word: "The whole picture is under review...