Selling CN and Petrocan

Article Abstract:

Canada hopes to privatize CN and Petro-Can to raise $4.5 billion in budget deficit reduction funds, but the success of the privatizations depends on the firms' ability to restructure their operations. CN is plagued by excess capacity and an overlarge work force, while Petro-Can must reorganize.

Railroads, Mergers, acquisitions and divestments, Petroleum industry, Privatization, Privatization (Business), Canadian National Railway Co., Petro-Canada Inc.

---

Hopes on the rise; despite the political turmoil, many companies are thriving

Article Abstract:

Canada's economy was shaken by the Oct 1995 Quebec referendum on secession, but many businesses appear poised for impressive growth in the near term. Most economists predict annual gross domestic product growth in excess of 2% through 1997, fueled largely by an increase in exports to the US.

Economic aspects, Forecasts and trends, Economic development

---

The last resort: credit-starved business owners are forcing banks to hear their complaints

Article Abstract:

Canadian banks have been extremely reticent about lending money to small business owners, causing many potentially successful business owners to complain. The country's biggest seven banks have agreed to look into resolving the matter.

Banking industry, Finance, Small business

Similar abstracts:

• Abstracts: Caring for the elderly: Higher and higher. Mortgage crisis: elderly, rural and minority borrowers are easy targets
• Abstracts: A case for the Copps. Breaking their word: the Liberals look about in anger, blaming anybody but themselves for the backtracking
• Abstracts: Gunboat diplomacy: Canada fires the first shots in what may become an all-out fish war with Europe. Reeling in a deal: an agreement in Brussels ends the fish war
• Abstracts: The NDP's big plans. Wading into the welfare mess: as social assistance costs mount, the provinces move to put welfare recipients to work
• Abstracts: The agony and the innocents. A judge on the hot seat: his colleagues say Patrick LeSage is ideal for the Paul Bernardo murder trial

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.