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PetroCanada
Petro-Canada (colloquially known as Petro-Can) is a retail and wholesale marketing brand subsidiary of Suncor Energy. Until 1991, it was a federal Crown corporation (a state-owned enterprise). In August 2009, Petro-Canada merged with Suncor Energy, with Suncor shareholders receiving approximately 60 percent ownership of the combined company and Petro-Canada shareholders receiving approximately 40 percent. The company retained the Suncor Energy name for the merged corporation and its upstream operations. It continues to use the Petro-Canada name nationwide. History Founding In 1973, world oil prices quadrupled due to the Arab oil embargo following the Yom Kippur War. The province of Alberta had substantial oil reserves, whose extraction had long been controlled by American corporations. The government of Canada Prime Minister Pierre Trudeau and the opposition New Democratic Party felt that these corporations geared most of their production to the American market, and as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Oil Crisis
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War. In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States. This list was later expanded to include Estado Novo (Portugal), Portugal, Rhodesia, and South Africa. In March 1974, OAPEC lifted the embargo, but the price of oil had risen by nearly 300%: from US to nearly US globally. Prices in the United States were significantly higher than the global average. After it was implemented, the embargo caused an oil crisis, or "shock", with many short- and long ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crown Corporation
Crown corporation () is the term used in Canada for organizations that are structured like private companies, but are directly and wholly owned by the government. Crown corporations have a long-standing presence in the country, and have a significant economic impact, with commercial operations equivalent to 7% of Canadian GDP. Crown corporations are created to advance government policy objectives. Often they provide services to the public that are not economically viable for a private enterprise, or that do not fit exactly within the scope of any ministry. They represent a form of state-owned enterprise. Crown corporations are established by an Act of Parliament, act of parliament or an act of a provincial legislature. Federal government Crowns report to the relevant Minister of the Crown, minister in Cabinet of Canada, Cabinet, though they are "shielded from constant government intervention and legislative oversight" and thus "generally enjoy greater freedom from direct pol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Stanfield
Robert Lorne Stanfield (April 11, 1914 – December 16, 2003) was a Canadian politician who served as the 17th premier of Nova Scotia from 1956 to 1967 and the leader of the Official Opposition and leader of the Progressive Conservative Party of Canada from 1967 to 1976. Born into an affluent Nova Scotia clothing manufacturing and political family in Truro, Stanfield graduated from Dalhousie University and Harvard Law School in the 1930s. He was a lawyer before becoming the leader of the Nova Scotia Progressive Conservative Party in 1948, with the goal of reviving the party that did not have a single seat in the legislature. After a rebuilding period, Stanfield led the party to a majority government in 1956; their first victory since 1928. Leading the party to four majorities in total, Stanfield's government established Industrial Estates Limited (IEL) to attract new industry in Nova Scotia, introduced hospital insurance and a provincial sales tax (PST) to fund half of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progressive Conservative Party Of Canada
The Progressive Conservative Party of Canada (PC; ) was a Centrism, centre to centre-right List of federal political parties in Canada, federal political party in Canada that existed from 1942 to 2003. From Canadian Confederation in 1867 until 1942, the Conservative Party of Canada (1867–1942), original Conservative Party of Canada participated in numerous governments and had multiple names. In 1942, its name was changed to the Progressive Conservative Party under the request of newly elected party leader Premier of Manitoba, Premier John Bracken of Manitoba, a former member of the Progressive Party of Manitoba. In the 1957 Canadian federal election, 1957 federal election, John Diefenbaker carried the party to their first victory in 27 years and 1958 Canadian federal election, the following year, led the party to the largest federal electoral landslide in history. During his tenure, human rights initiatives were achieved, most notably the Canadian Bill of Rights, Bill of Righ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minority Government
A minority government, minority cabinet, minority administration, or a minority parliament is a government and cabinet formed in a parliamentary system when a political party or coalition of parties does not have a majority of overall seats in the legislature. It is sworn into office, with or without the formal support of other parties, enabling a government to be formed. Under such a government, legislation can only be passed with the support or consent of enough other members of the legislature to provide a majority, encouraging multi-partisanship. In bicameral legislatures, the term relates to the situation in the chamber whose confidence is considered most crucial to the continuance in office of the government (generally, the lower house). A minority government tends to be less stable than a majority government because, if they can unite, opposing parliamentary members have sufficient numbers to vote against legislation, or even bring down the government with a vote of no c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberal Party Of Canada
The Liberal Party of Canada (LPC; , ) is a federal political party in Canada. The party espouses the principles of liberalism,McCall, Christina; Stephen Clarkson"Liberal Party". ''The Canadian Encyclopedia''. and generally sits at the Centrism, centre to Centre-left politics, centre-left of the Politics of Canada, Canadian political spectrum, with their main rival, the Conservative Party of Canada, Conservative Party, positioned to their Right-wing politics, right and the New Democratic Party positioned to their Left-wing politics, left. The party is described as "big tent",PDF copy at UBC Press. practising "brokerage politics", attracting support from a broad spectrum of voters. The Liberal Party is the longest-serving and oldest active federal political party in the country, and has dominated th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tommy Douglas
Thomas Clement Douglas (20 October 1904 – 24 February 1986) was a Scottish-born Canadian politician who served as the seventh premier of Saskatchewan from 1944 to 1961 and leader of the New Democratic Party from 1961 to 1971. A Baptist minister, he was elected to the House of Commons of Canada in 1935 as a member of the Co-operative Commonwealth Federation (CCF). He left federal politics to become leader of the Saskatchewan Co-operative Commonwealth Federation and then the seventh Premier of Saskatchewan. His government introduced the continent's first single-payer, universal health care program. After setting up Saskatchewan's universal healthcare program, Douglas stepped down and ran to lead the newly formed federal New Democratic Party (NDP), the successor party of the national CCF. He was elected as its first federal leader in 1961. Although Douglas never led the party to government, through much of his tenure the party held the balance of power in the Hous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Democratic Party
The New Democratic Party (NDP; , ) is a federal political party in Canada. Widely described as social democratic,The party is widely described as social democratic: * * * * * * * * * * * * * The Editors of ''Encyclopædia Britannica'' (April 28, 2025)."New Democratic Party" ''Encyclopædia Britannica''. Retrieved April 28, 2025 the party sits at the centre-left to left-wing of the Canadian political spectrum, generally to the left of the Liberal Party. The party was founded in 1961 by the Co-operative Commonwealth Federation and the Canadian Labour Congress. As of 2025, it is the fourth-largest party in the House of Commons, with seven seats. The federal and provincial (or territorial) level NDPs are more integrated than other political parties in Canada, and have shared membership. The NDP has never won the largest share of seats at the federal level and thus has never formed government. From 2011 to 2015, it formed the Official Opposition; apart from this, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pierre Trudeau
Joseph Philippe Pierre Yves Elliott Trudeau (October 18, 1919 – September 28, 2000) was a Canadian politician, statesman, and lawyer who served as the 15th prime minister of Canada from 1968 to 1979 and from 1980 to 1984. Between his non-consecutive terms as prime minister, he served as the Leader of the Opposition (Canada), leader of the Opposition from 1979 to 1980. Trudeau was born and raised in Outremont, Quebec, and studied politics and law. In the 1950s, he rose to prominence as a labour activist in Quebec politics by opposing the conservative Union Nationale (Quebec), Union Nationale government. Trudeau was then an associate professor of law at the Université de Montréal. He was originally part of the social democratic New Democratic Party (NDP), but then joined the Liberal Party of Canada, Liberal Party in 1965, believing that the NDP could not achieve power. 1965 Canadian federal election, That year, he was elected to the House of Commons of Canada, House of C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Canada
The prime minister of Canada () is the head of government of Canada. Under the Westminster system, the prime minister governs with the Confidence and supply, confidence of a majority of the elected House of Commons of Canada, House of Commons; as such, the prime minister typically sits as a Member of Parliament (Canada), member of Parliament (MP) and leads the largest party or a Coalition government, coalition of parties. As List of current Canadian first ministers, first minister, the prime minister selects ministers to form the Cabinet of Canada, Cabinet. Not outlined in any constitutional document, the prime minister is appointed by Monarchy of Canada, the monarch's representative, the Governor General of Canada, governor general, and the office exists per long-established Convention (norm)#Government, convention. Constitutionally, Executive (government), executive authority is vested in the monarch (who is the head of state), but the powers of the monarch and governor gene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
