{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

1010 Summary notes

Eatons credit arrangement was different includes

Info iconThis preview shows pages 25–27. Sign up to view the full content.

View Full Document Right Arrow Icon
Eaton’s credit arrangement was different includes monthly payments and deposit account and customers could not receive the product right a way Reaching out to the Consumer: The Catalogue Eaton was initially the innovator of catalogue but both S-S and Eaton’s enjoyed success in such method Initially the battle between catalogue was about pricing, which eaton includes pricing in pricing but S-S excludes it, Eaton maintained market share buy doing so Later the battle became about efficiency and distribution S-S sat up small catalogue-sales office in towns which widen the distribution and introduced automated catalogue system to allow customer to find out goods in stock information immediately and company were able to manage inventory more efficiently S-S got upper hand The Mid-1950s: The Department Store Scene Eaton’s still the dominating company while S-S follows and The HBC became strong competitor as well Addendum: It’s All about Wal-Mart in the End Eaton’s strategy to focus on mail-order business and urban market ultimately failed 1997 Eaton announce insolvency 1999 filed under bankruptcy protection 1970 Simpson’s were taken over by the HBC and S-S refused to top up the bid because it was too much S-S became the Sears Canada in 1984 1999 Sears Canada acquired Eaton’s Even after merger with K-Mart in US Sears was still not come close to Wal-Mart’s sized Week8: the Bank of Canada: Financial Institutions, law and policies in Canada 1955 James Elliot Coyne became the governor of the Bank of Canada
Background image of page 25

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
The Coyne affair: Coyne reign the governor position State of the Canadian economy Emerging from post-war, post-depression era Role of the Bank of Canada Created in 1934 and opened in 1935 during the Great Depression As the Bank of Canada Act the role was: to regulate credit and currency in the best interests of the economic value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action , and generally to promote the economic and financial welfare of the Dominion. Monetary action is the primary tool at the bank’s disposal, monetary policy The bank states: the goal of Canadian monetary policy is to contribute to rising living standards for all Canadian through low and stable inflation. Specially, the bank aims to keep the rate of inflation, as measured by annual rate of increase in the consumer price index, inside a target range established jointly with the government. Since 1995, the target range has been 1 to 3 per cent. The bank manages this by setting the overnight rate target, or the interest rate at which major financial institutions borrow and lend one-day (or ‘overnight’) funds among themselves. In the early stage the bank of Canada did not pursue an active monetary policy
Background image of page 26
Image of page 27
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page25 / 28

Eatons credit arrangement was different includes monthly...

This preview shows document pages 25 - 27. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online