Stop if you’ve heard this one before. A political party runs an election campaign promising new programs, a gentler approach to existing ones, and a break with the tightmoney policies of the incumbent government. Upon winning the election, the party immediately orders an examination of the government’s finances and announces that—surprise—they are in much worse shape than ever imagined.By Anthony Wilson-Smith8 min
It was a setting grand enough to match the host’s ego. Last week, Frank Stronach, the flamboyant founder and chairman of Markham, Ont.-based auto parts manufacturer Magna International Ltd., hired New York City’s venerable Metropolitan Club for a day for the first annual meeting his company has held outside Canada.
The members of the milling throng are, as usual, in a surly mood. Quebec construction workers, they are bunched in protest outside a red-brick hotel in the St. Lawrence River town of Valleyfield, 70 km west of Montreal. Most are burly, many are hardhatted and all are eager to do battle with the slight, bareheaded figure in double-breasted blue who has bravely waded directly into their midst, seeking a dialogue.
In 53 years, the labor market has changed more than the architects of Unemployment Insurance could have ever foreseen. To those survivors of the Great Depression, UI was a temporary lifesaver to support the unemployed between jobs, ensuring their dignity, their homes and their very survival.By MARY JANIGAN7 min
It is a decision that Finance Minister Paul Martin is taking his time about—carefully weighing the future of John Crow and understanding very well that it is a decision as much about his future and the future of Jean Chrétien’s Liberal government as it is about the fate of the 56-year-old economist who has run the Bank of Canada for the past seven years and would not mind running it for another seven.
Here we go again! It is “Trudeaumania time-part two” with journalists across the country (your magazine included) singing the praises of our former prime minister (“Trudeau on Trudeau,” Cover, Nov. 22). Unfortunately, his alleged qualities did not benefit Canadians, for it was Trudeau who became the chief architect of the mess that our country is in today.
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