Canada's Economic Issues and PoliciesAnswer 1) Ontario's Hydro Electric Power Generation was established in 1906 in Ontario, Canada. It was a publicly owned electric company founded with the purpose of partnering with private companies already operating in Niagara Falls and building transmission lines to supply municipal utilities with electricity generated by the private companies. Answer 2) Canada National Railway was established in the year 1918 by the Canadian government. The rail company has the largest rail network and best revenues in Canada and currently runs from the Atlantic coast in Nova Scotia to the Pacific coast in British Columbia. Answer 3) Founded in 1927, the Liquor Control Board of Ontario (LCBO) was established in the province of Ontario for the purpose of selling liquor, wine and beer through retail chains and to lift the related ban imposed in 1916. Today, only LCBO stores are allowed to sell distilled spirits in Ontario and thus the establishment of LCBo has relaxed Ontario's temperance regime. Answer 4) Founded in 1936, the Canada Broadcasting Corporation (CBC) is Canada's oldest radio and television broadcaster. The company offers multiple radio and television services in Canada. Answer 5) Unemployment benefits are social assistance payments paid to the unemployed by the national administration or state bodies. The benefits provided to the unemployed are limited to covering basic needs. In Canada, the federal government passed the Unemployment Insurance Act in 1940, establishing a national public unemployment insurance system. The project was funded through contributions from various groups as...... middle of paper...... The Free Trade Agreement (NAFTA) is a trade agreement that came into force in 1994 with the aim of eliminating possible barriers to both trade and investment between the USA, Mexico and Canada. Answer 19) In 1998, the Bank of Montreal proposed a merger with the Royal Bank and around the same time, the Canadian Imperial Bank of Commerce proposed a merger with the Toronto-Dominion Bank. However the mergers were rejected by Canada's Competition Beaureau review board and the confirmed rejection was provided by the then Minister of Finance based on high user fees and local branch closures. Answer 20) After the bearish trend of 1987, the Toronto Stock Exchange in the early 1990s saw a dot com bubble driven by computer and technology stocks with the advent of the personal computer era which proved necessary both for families and businesses. It was Microsoft that benefited greatly from the dot com bubble.