Word: transcanada
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...recession, Canada's own underdevelopment was one of its biggest assets. Even giant projects get lost in the huge U.S. economy. In Canada's relatively small economy, the sheer momentum of big basic projects (TransCanada gas pipeline, St. Lawrence Seaway) kept payrolls and profits at near-record levels. Unlike the U.S. Government, Prime Minister John Diefenbaker's Tory government found it feasible to finance antirecession measures. Tax cuts and increased social-welfare payments encouraged consumers to buy at record rates. A $350 million government mortgage-loan program pushed housing to an alltime peak (160,000 starts...
...Howe entered the Canadian cabinet as a political novice in 1935. Ever since, he has been its hardest-driving member. He reorganized the government-owned Canadian National Railways, North America's biggest railroad, and saved it from bankruptcy. He built the country's national airline (TransCanada) and its countrywide, government-owned radio system (CBC). In World War II, he took command of Canada's industrial effort and transformed the largely agrarian Canadian economy into a high-powered industrial unit. After V-J day, he presided over the return to a well-balanced peacetime economy. He runs Canada...