Monthly Archive: April 2019

Fear of flying

Talk about déjà vu all over again. Pickering Airport is back in the news. It first became an issue during the 1972 federal election after the Liberal government of Pierre Trudeau planned to build a passenger airport east of Toronto. Toronto International Airport would soon be stretched to the limit, they claimed. (The Pearson name wasn’t adopted until 1984.) Plus, construction was under way on Mirabel Airport north of Montreal. Maybe the Liberals thought Torontonians might like a new airport, too. I was working for Opposition Leader Robert Stanfield. He asked me to write a research paper and make a recommendation. I did so,...

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Mighty Mouse

You’re never too old to learn the same lesson again. People on television are not the same as people in real life. This week I attended a speech by Canada’s foreign minister, Chrystia Freeland, and came away more impressed than I expected to be. The minister was in a free-wheeling mode, self-deprecating at times, never glib, and always spoke to the point, unlike some politicians who dance around the topic at hand. Her main message was that democracies around the world are under siege. During the last thirty years the middle-class has been hollowed out, jobs have disappeared, and wages haven’t kept...

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Three into one doesn’t go

Of all the corporate manoeuvres in recent times, the consolidation of three life insurance subsidiaries – Great-West, London Life and Canada Life – has to rank among the more foolish. The three companies have long been part of Power Financial but that, apparently, has not been sufficient for the kind of synergies needed in this day and age, according to company officials. In Canada Life, they certainly have chosen the most storied of the three names for continuing use. Canada Life, founded in 1847, was the first Canadian life insurance company. Great-West acquired Canada Life in 2003, London Life in 1997, and continued to...

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