The CNR- Creating a Crown Corporation

Canadian northern burns up capital and asks for 30

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Unformatted text preview: nt debt 1961-62 1970-71 1990-91 1996-97 2001-02 2007-08 2008-09 2009-10 2010-11 $14,825,000 $91,948,000 $377,656,000 $562,881,000 $511,946,000 $457,637,000 $463,710,000 $519,100,000 $551,380,000 http://debtclock.ca 18 CANADIAN NATIONAL RAILROAD Sept 2012 ADMS 1010 19 •  Expansion of Agriculture in the Prairies •  Immigra*on to Canada 20 What was Wilfrid Laurier trying to accomplish? •  Con*nue Sir John A MacDonald’s na*on- building or “one up” the prior administra*on? •  Amempts to encourage a second na*onal railway –  Entrepreneurs Mann & Mackenzie develop a new prairie network –  1903 Laurier is pressured to force a merger with the Grand Trunk –  Instead, Laurier chooses Grand Truck to build a second transcon*nental railway – every inch in Canada –  Government builds the line from Moncton to Ontario and leased it to the Grand Trunk Pacific on favourable terms 21 Fallout •  Laurier’s minister of railway (A.G. Blair) resigns in 1903 •  Difference of opinion: –  Blair believes in government ownership and opera*on of railways –  Laurier could accept construc*ng railways but didn’t...
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This note was uploaded on 01/26/2014 for the course LAPS ADMS 1010 taught by Professor D.jurkowski during the Winter '10 term at York University.

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