Penhold is a town in central Alberta , Canada. Penhold is surrounded by Red Deer County , 16 km (9.9 mi) south of Red Deer at the junction of Highway 2A and Highway 42 . It is located 128 kilometres (80 mi) north of Calgary , east of the Red Deer River .
98-541: Originally, Penhold was one of the many whistle stops along the Canadian Pacific Railway . It incorporated as the Village of Penhold in 1904. The origin of the name "Penhold" appears to have been around the time that the railroad siding named "Penhold" was established. Research has found no earlier instances of that name. In 1981, the Village of Penhold incorporated as a town as a result of large population growth in
196-510: A 38% change from its 2011 population of 2,375. With a land area of 5.29 km (2.04 sq mi), it had a population density of 619.5/km (1,604.4/sq mi) in 2016. Attractions in Penhold include a museum, a recreation centre with an indoor arena, a baseball diamond, library, a splash park, a campground, an outdoor ice rink, and a skate park/pump track. Two more ball diamonds, walking trails, and 2 soccer fields are in development. The town
294-766: A 999-year lease on the O&;Q on January 4, 1884. In 1895, it acquired a minority interest in the Toronto, Hamilton and Buffalo Railway , giving it a link to New York and the Northeast United States. The last spike in the CPR was driven on November 7, 1885, by one of its directors, Donald Smith. The first transcontinental passenger train departed from Montreal 's Dalhousie Station , at Berri Street and Notre Dame Street, at 8 pm on June 28, 1886, and arrived at Port Moody at noon on July 4. This train consisted of two baggage cars,
392-823: A London-based hedge fund that owns 6% of the company. The creation of the Canadian Pacific Railway was undertaken as the National Dream by the Conservative government of John A. Macdonald , together with mining magnate Alexander Tilloch Galt . As a condition for joining the Canadian Confederation , British Columbia had insisted on a transport link to the East, with the rest of the Confederation. In 1873, Macdonald, among other high-ranking politicians, bribed in
490-481: A carbon-copy manner with little success. This isomorphic mimicry –adopting organizational forms that have been successful elsewhere but that only hide institutional dysfunction without solving it on the home country –can contribute to getting countries stuck in 'capability traps' where the country does not advance in its development goals. An example of this can be seen through some of the criticisms of foreign aid and its success rate at helping countries develop. Beyond
588-485: A commitment extended to British Columbia when it entered Confederation in 1871; the CPR was Canada's first transcontinental railway . Primarily a freight railway, the CPR was for decades the only practical means of long-distance passenger transport in most regions of Canada and was instrumental in the colonization and development of Western Canada. The CPR became one of the largest and most powerful companies in Canada,
686-512: A community or region". Daphne Greenwood and Richard Holt distinguish economic development from economic growth on the basis that economic development is a "broadly based and sustainable increase in the overall standard of living for individuals within a community", and measures of growth such as per capita income do not necessarily correlate with improvements in quality of life. The United Nations Development Programme in 1997 defined development as increasing people‟s choices. Choices depend on
784-523: A corporate reorganization, each of the major operations, including its rail operations, were organized as separate subsidiaries. The name of the railway was changed to CP Rail, and the parent company changed its name to Canadian Pacific Limited in 1971. Its air, express, telecommunications, hotel and real estate holdings were spun off, and ownership of all of the companies transferred to Canadian Pacific Investments. The slogan was: "TO THE FOUR CORNERS OF THE WORLD". The company discarded its beaver logo, adopting
882-462: A day, paid in rice mats, and not including expenses, leaving barely anything to send home. They did the most dangerous construction jobs, such as working with explosives to clear tunnels through rock. The exact number of Chinese workers who died is unknown, but historians estimate the number is between 600 and 800. By 1883, railway construction was progressing rapidly, but the CPR was in danger of running out of funds. In response, on January 31, 1884,
980-469: A fleet of over a thousand Colonist cars , low-budget sleeper cars designed to transport immigrant families from eastern Canadian seaports to the west. During the first decade of the 20th century, the CPR continued to build more lines. In 1908, the CPR opened a line connecting Toronto with Sudbury . Several operational improvements were also made to the railway in Western Canada. On November 3, 1909,
1078-501: A mail car, one second-class coach, two immigrant sleepers, two first-class coaches, two sleeping cars and a diner (several dining cars were used throughout the journey, as they were removed from the train during the night, with another one added the next morning). By that time, however, the CPR had decided to move its western terminus from Port Moody to Granville , which was renamed "Vancouver" later that year. The first official train destined for Vancouver arrived on May 23, 1887, although
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#17328521678981176-675: A major contributor to development economics , asserted that economic development grew to concentrate on the poor regions of the world , primarily in Africa , Asia and Latin America yet on the outpouring of fundamental ideas and models. It has also been argued, notably by Asian and European proponents of infrastructure-based development , that systematic, long-term government investments in transportation , housing , education , and healthcare are necessary to ensure sustainable economic growth in emerging countries. During Robert McNamara's 13 years at
1274-449: A million troops and passengers and four million tons of cargo. Twenty seven survived and returned to CPR. CPR also helped the war effort with money and jobs. CPR made loans and guarantees to the Allies of some $ 100 million. As a lasting tribute, CPR commissioned three statues and 23 memorial tablets to commemorate the efforts of those who fought and those who died in the war. After the war,
1372-618: A more aggressive construction policy; bonds were floated in London and called for tenders to complete sections of the railway in British Columbia. American contractor Andrew Onderdonk was selected, and his men began construction on May 15, 1880. In October 1880, a new consortium signed a contract with the Macdonald government, agreeing to build the railway for $ 25 million in credit and 25 million acres (100,000 km ) of land. In addition,
1470-421: A panel dataset for each 50 states with unemployment, labor force participation by race, and annual labor market statistics. In addition, for contractionary monetary policy, they utilize the federal funds rate, the short-term interest rates charged to banks. Seguino and Heintz Seguino concludes that the impact of a one percentage point increase in the federal funds rate relative to white and black women's unemployment
1568-446: A population density of 311.1/km (805.7/sq mi) in 2021. The population of the Town of Penhold according to its 2019 municipal census is 3,563, a change of 25.4% from its 2014 municipal census population of 2,842. In the 2016 Census of Population conducted by Statistics Canada, the Town of Penhold recorded a population of 3,277 living in 1,235 of its 1,300 total private dwellings,
1666-751: A position it held as late as 1975. The company acquired two American lines in 2009: the Dakota, Minnesota and Eastern Railroad (DM&E) and the Iowa, Chicago and Eastern Railroad (IC&E). Also, the company owns the Indiana Harbor Belt Railroad , a Hammond, Indiana -based terminal railroad along with Conrail Shared Assets Operations . CPR purchased the Kansas City Southern Railway in December 2021 for US$ 31 billion . On April 14, 2023, KCS became
1764-587: A professional industry of highly specialized practitioners. The practitioners have two key roles: one is to provide leadership in policy-making , and the other is to administer policy, programs, and projects. Economic development practitioners generally work in public offices on the state, regional, or municipal level, or in public-private partnerships organizations that may be partially funded by local, regional, state, or federal tax money. These economic development organizations function as individual entities and in some cases as departments of local governments. Their role
1862-756: A series of different owners since being spun off of the Canadian Pacific in 1995. The first operator was the Canadian American Railroad a division of Iron Road Railways . In 2002 the Montreal, Maine & Atlantic took over operations after CDAC declared bankruptcy. The Central, Maine and Quebec Railway started operations in 2014 after the MMA declared bankruptcy due to the Lac-Mégantic derailment. On this new acquisition, CP CEO Keith Creel remarked that this gives CP
1960-486: A significant amount of revenue from this source are less accountable to their citizens (they are more autonomous) as they have less pressure to legitimately use those resources. Just as it has been documented for countries with an abundant supply of natural resources such as oil, countries whose government budget consists largely of foreign aid donations and not regular taxes are less likely to have incentives to develop effective public institutions. This in turn can undermine
2058-546: A significant indicator of a country's economic advancement: this perspective is illustrated notably through the Basic Rail Transportation Infrastructure Index (known as BRTI Index) and related models such as the (Modified) Rail Transportation Infrastructure Index (RTI). In an effort to create an indicator that would help measure gender equality , the United Nations has created two measures:
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#17328521678982156-884: A significant port on the Atlantic Ocean. The CPR acquired the Quebec Central Railway on December 14, 1912. During the late 19th century, the railway undertook an ambitious program of hotel construction, building Glacier House in Glacier National Park , Mount Stephen House at Field, British Columbia , the Château Frontenac in Quebec City and the Banff Springs Hotel . By then, the CPR had competition from three other transcontinental lines, all of them money-losers. In 1919, these lines were consolidated into
2254-522: A true coast-to-coast network across Canada and an increased presence in New England. On June 4, 2020; Canadian Pacific bought the Central Maine and Quebec. On March 21, 2021, CP announced that it was planning to purchase the Kansas City Southern Railway (KCS) for US$ 29 billion. The US Surface Transportation Board (STB) would first have to approve the purchase, which was expected to be completed by
2352-598: A wholly owned subsidiary of CPR, and both CPR and its subsidiaries began doing business under the name of its parent company, CPKC . The CPR is publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange under the ticker CP. Its U.S. headquarters are in Minneapolis . As of March 30, 2023, the largest shareholder of Canadian Pacific stock exchange is TCI Fund Management Limited ,
2450-465: Is 0.015 and 0.043, respectively One growing understanding in economic development is the promotion of regional clusters and a thriving metropolitan economy . In today's global landscape, location is vitally important and becomes a key in competitive advantage . International trade and exchange rates are key issues in economic development. Currencies are often either under-valued or over-valued , resulting in trade surpluses or deficits. Furthermore,
2548-812: Is a policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP ; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development". The precise definition of economic development has been contested: while economists in the 20th century viewed development primarily in terms of economic growth , sociologists instead emphasized broader processes of change and modernization . Development and urban studies scholar Karl Seidman summarizes economic development as "a process of creating and utilizing physical, human, financial, and social assets to generate improved and broadly shared economic well-being and quality of life for
2646-625: Is home to three public schools of the Chinook's Edge School Division : Jessie Duncan (Pre-Kindergarten-Grade 3), Penhold Elementary (Grade 4–6), and Penhold Crossing Secondary (Grade 7–12). 52°08′N 113°52′W / 52.133°N 113.867°W / 52.133; -113.867 ( Penhold ) Canadian Pacific Railway The Canadian Pacific Railway ( French : Chemin de fer Canadien Pacifique ) ( reporting marks CP , CPAA , MILW , SOO ), also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996),
2744-400: Is important to not expect that particular economic development programs be able to fix many problems at once as that would be establishing unsurmountable goals for them that are highly unlikely they can achieved. Any development policy should set limited goals and a gradual approach to avoid falling victim to something Prittchet, Woolcock and Andrews call 'premature load bearing'. Many times
2842-547: Is to seek out new economic opportunities and retain their existing business wealth. There are numerous other organizations whose primary function is not economic development that work in partnership with economic developers. They include the news media, foundations, utilities, schools, health care providers, faith-based organizations, and colleges, universities, and other education or research institutions. There are various types of macroeconomic and sociocultural indicators or "metrics" used by economists and geographers to assess
2940-429: Is typically associated with improvements in a variety of areas or indicators (such as literacy rates , life expectancy , and poverty rates) , that may be causes of economic development rather than consequences of specific economic development programs. For example, health and education improvements have been closely related to economic growth, but the causality with economic development may not be obvious. In any case, it
3038-640: The Canada-U.S. Free Trade Agreement of 1989, which liberalized trade between the two nations, the CPR's expansion continued during the early 1990s: CP Rail gained full control of the Soo Line in 1990, adding the "System" to the former's name, and bought the Delaware and Hudson Railway in 1991. These two acquisitions gave CP Rail routes to the major American cities of Chicago (via the Soo Line and Milwaukee Road as part of its historically logical route) and New York City (via
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3136-587: The Delaware and Hudson Railway in the northeastern United States. However, the new subsidiary, threatened with being sold off and free to innovate, quickly spun off money-losing track to short lines, instituted scheduled freight service, and produced an unexpected turn-around in profitability. On 1 January 2001 the StL&;H was formally amalgamated with the CP Rail system. In 2001, the CPR's parent company, Canadian Pacific Limited , spun off its five subsidiaries, including
3234-645: The Gender-Related Development Index (GDI) and the Gender Empowerment Measure (GEM). These indicators were first introduced in the 1995 UNDP Human Development Report. Other factors include the inflation rate, investment level and national debt , birth and death rates, life expectancy , morbidity , education levels (measured through literacy and numeracy rates), housing , social services like hospitals , health facilities , clean and safe drinking water , schools (measured by
3332-505: The Kettle Valley Railway in British Columbia, was built in response to the booming mining and smelting economy in southern British Columbia, and the tendency of the local geography to encourage and enable easier access from neighbouring US states than from Vancouver or the rest of Canada, which was viewed to be as much of a threat to national security as it was to the province's control of its own resources. The local passenger service
3430-655: The Lethbridge Viaduct over the Oldman River valley at Lethbridge , Alberta, was opened. It is 1,624 metres (5,328 feet) long and, at its maximum, 96 metres (315 feet) high, making it one of the longest railway bridges in Canada. In 1916, the CPR replaced its line through Rogers Pass , which was prone to avalanches (the most serious of which killed 62 men in 1910) with the Connaught Tunnel , an eight-kilometre-long (5-mile) tunnel under Mount Macdonald that was, at
3528-643: The New Brunswick Railway in 1891 for 991 years, and built the International Railway of Maine , connecting Montreal with Saint John, New Brunswick , in 1889. The connection with Saint John on the Atlantic coast made the CPR the first truly transcontinental railway company in Canada and permitted trans-Atlantic cargo and passenger services to continue year-round when sea ice in the Gulf of St. Lawrence closed
3626-807: The Pacific Scandal , granted contracts to the Canada Pacific Railway Company, which was unrelated to the current company, as opposed to the Inter-Ocean Railway Company, which was thought to have connections to the Northern Pacific Railway Company in the United States. After this scandal, the Conservatives were removed from power, and Alexander Mackenzie , the new Liberal prime minister, ordered construction of
3724-606: The Quebec, Montreal, Ottawa & Occidental Railway from the Quebec government and by creating a new railway company, the Ontario and Quebec Railway (O&Q). It also launched a fleet of Great Lakes ships to link its terminals. Through the O&Q, the CPR had effected purchases and long-term leases of several railways, and built a line between Perth, Ontario , and Toronto (completed on May 5, 1884) to connect these acquisitions. The CPR obtained
3822-564: The last spike was driven at Craigellachie, British Columbia . Four days earlier, the last spike of the Lake Superior section was driven in just west of Jackfish, Ontario . While the railway was completed four years after the original 1881 deadline, it was completed more than five years ahead of the new date of 1891 that Macdonald gave in 1881. In Eastern Canada, the CPR had created a network of lines reaching from Quebec City to St. Thomas, Ontario , by 1885 – mainly by buying
3920-471: The post-war period of reconstruction initiated by the United States. In 1949, during his inaugural speech, President Harry Truman identified the development of undeveloped areas as a priority for the West: There have been several major phases of development theory since 1945. Alexander Gerschenkron argued that the less developed the country is at the outset of economic development (relative to others),
4018-582: The " Crow Rate " was permanently replaced by the Western Grain Transportation Act , which allowed the gradual increase of grain shipping prices. The Crowsnest Pass line opened on June 18, 1898, and followed a complicated route through the maze of valleys and passes in southern British Columbia, rejoining the original mainline at Hope after crossing the Cascade Mountains via Coquihalla Pass . The Southern Mainline, generally known as
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4116-480: The 1950s, the railway introduced new innovations in passenger service. In 1955, it introduced The Canadian , a new luxury transcontinental train. However, in the 1960s, the company started to pull out of passenger services, ending services on many of its branch lines. It also discontinued its secondary transcontinental train The Dominion in 1966, and in 1970, unsuccessfully applied to discontinue The Canadian . For
4214-539: The 1980s pushing an agenda of free trade and removal of import substitution industrialization policies. In economics, the study of economic development was born out of an extension to traditional economics that focused entirely on the national product , or the aggregate output of goods and services. Economic development was concerned with the expansion of people's entitlements and their corresponding capabilities, such as morbidity , nourishment , literacy , education , and other socio-economic indicators. Borne out of
4312-470: The 20th and 21st centuries, but the concept has existed in the West for far longer. " Modernization ", " Westernization ", and especially " industrialization " are other terms often used while discussing economic development. Historically, economic development policies focused on industrialization and infrastructure ; since the 1960s, it has increasingly focused on poverty reduction . Whereas economic development
4410-421: The CPR, into independent companies. In September 2007, CPR announced it was acquiring the Dakota, Minnesota and Eastern Railroad from London-based Electra Private Equity . The merger was completed as of October 31, 2008. Canadian Pacific Railway Ltd. trains resumed regular operations on June 1, 2012, after a nine-day strike by some 4,800 locomotive engineers, conductors and traffic controllers who walked off
4508-482: The CPR, to action. During this time the railway land grants were formalized. The Great Depression , which lasted from 1929 until 1939, hit many companies heavily. While the CPR was affected, it was not affected to the extent of its rival CNR because it, unlike the CNR, was debt-free. The CPR scaled back on some of its passenger and freight services and stopped issuing dividends to its shareholders after 1932. Hard times led to
4606-592: The Canadian government to build the railway, the CPR was granted 100,000 square kilometres (25 million acres). Canadian Pacific then began an intense campaign to bring immigrants to Canada; its agents operated in many overseas locations, where immigrants were often sold a package that included passage on a CP ship, travel on a CP train and land sold by the CP railway. Land was priced at $ 2.50 an acre and up but required cultivation. To transport immigrants, Canadian Pacific developed
4704-753: The D&;H). During the 1990s, both CP Rail and CN attempted unsuccessfully to buy out the eastern assets of the other, so as to permit further rationalization. In 1996, CP Rail moved its head office from Windsor Station in Montreal to Gulf Canada Square in Calgary and changed its name back to Canadian Pacific Railway. A new subsidiary company, the St. Lawrence and Hudson Railway , was created to operate its money-losing lines in eastern North America, covering Quebec , Southern and Eastern Ontario , trackage rights to Chicago, Illinois , (on Norfolk Southern lines from Detroit ) as well as
4802-609: The Department of Railways and Canals and turned over to the company in May 1883. By the end of 1883, the railway had reached the Rocky Mountains, just 8 km (5.0 mi) east of Kicking Horse Pass. The treacherous 190 km (120 mi) of railway west of Fort William was completed by Purcell & Company, headed by "Canada's wealthiest and greatest railroad contractor," industrialist Hugh Ryan . Many thousands of navvies worked on
4900-470: The Federal government created Canadian National Railways (CNR, later CN) out of several bankrupt railways that fell into government hands during and after the war. CNR would become the main competitor to the CPR in Canada. In 1923, Henry Worth Thornton replaced David Blyth Hanna becoming the second president of the CNR, and his competition spurred Edward Wentworth Beatty , the first Canadian-born president of
4998-729: The Kicking Horse River just after the Trans Canada Highway overpass. The three crew members on the lead locomotive were killed. The Canadian Pacific Police Service (CPPS) investigated the fatal derailment. It later came to light that, although Creel said that the RCMP "retain jurisdiction" over the investigation, the RCMP wrote that "it never had jurisdiction because the crash happened on CP property". On January 26, 2020, Canadian current affairs program The Fifth Estate broadcast an episode on
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#17328521678985096-411: The Quebec government added the CPR, along with lessor World Fuel Services (WFS), to the list of corporate entities from which it seeks reimbursement for the environmental cleanup of the Lac-Mégantic derailment. On July 15, the press reported that CP would appeal the legal order. On October 12, 2014, it was reported that Canadian Pacific had tried to enter into a merger with American railway CSX , but
5194-419: The United States, stretching from Montreal to Vancouver , and as far north as Edmonton . Its rail network also served Minneapolis–St. Paul , Milwaukee , Detroit , Chicago , and Albany, New York , in the United States. The railway was first built between eastern Canada and British Columbia between 1875 and 1885 (connecting with Ottawa Valley and Georgian Bay area lines built earlier), fulfilling
5292-462: The World Bank under McNamara's tenure "sold" states poverty reduction "through a mixture of persuasion and coercion." The development of a country has been associated with different concepts but generally encompasses economic growth through higher productivity, political systems that represent as accurately as possible the preferences of its citizens, The extension of rights to all social groups and
5390-528: The World Bank, he introduced key changes, most notably, shifting the Bank's economic development policies toward targeted poverty reduction. Before his tenure at the World Bank, poverty did not receive substantial attention as part of international and national economic development; the focus of development had been on industrialization and infrastructure. Poverty also came to be redefined as a condition faced by people rather than countries. According to Martha Finnemore,
5488-434: The attainment of a standard of living equivalent to that of industrialized countries . Economic development can also be considered as a static theory that documents the state of an economy at a certain place. According to Schumpeter and Backhaus (2003), the changes in this equilibrium state documented in economic theory can only be caused by intervening factors coming from the outside. Economic development originated in
5586-480: The backdrop of Keynesian economics (advocating government intervention), and neoclassical economics (stressing reduced intervention), with the rise of high-growth countries ( Singapore , South Korea , Hong Kong ) and planned governments ( Argentina , Chile , Sudan , Uganda ), economic development and more generally development economics emerged amidst these mid-20th century theoretical interpretations of how economies prosper. Also, economist Albert O. Hirschman ,
5684-485: The company could not use a voting trust to assume control of KCS, due to concerns about potentially reduced competition in the railroad industry. Economic development In the economics study of the public sector , economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in
5782-645: The controlling interests of the Toronto, Hamilton and Buffalo Railway (TH&B) from Conrail and molded it into the Canadian Pacific System, dissolving the TH&;B's name from the books in 1985. In 1987, most of CPR's trackage in the Great Lakes region, including much of the original Soo Line, were spun off into a new railway, the Wisconsin Central , which was subsequently purchased by CN . Influenced by
5880-416: The country's efforts to develop. In its broadest sense, policies of economic development encompass three major areas: Contractionary monetary policy is a tool used by central banks to slow down a country's economic growth. An example would be raising interest rates to decrease lending. In the United States, the use of contractionary monetary policy has increased women's unemployment. Seguino and Heintz uses
5978-609: The country. Additionally, 22 of the CPR's ships went to war, 12 of which were sunk. After the Second World War, the transportation industry in Canada changed. Where railways had previously provided almost universal freight and passenger services, cars, trucks and airplanes started to take traffic away from railways. This naturally helped the CPR's air and trucking operations, and the railway's freight operations continued to thrive hauling resource traffic and bulk commodities. However, passenger trains quickly became unprofitable. During
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#17328521678986076-505: The country. The CPR and the CNR shared the honours of pulling the royal train across the country, with the CPR undertaking the westbound journey from Quebec City to Vancouver. Later that year, the Second World War began. As it had done in World War I, the CPR devoted much of its resources to the war effort. It retooled its Angus Shops in Montreal to produce Valentine tanks and other armoured vehicles, and transported troops and resources across
6174-603: The creation of new political parties such as the Social Credit movement and the Cooperative Commonwealth Federation , as well as popular protest in the form of the On-to-Ottawa Trek . One highlight of the late 1930s, both for the railway and for Canada, was the visit of King George VI and Queen Elizabeth during their 1939 royal tour of Canada , the first time that the reigning monarch had visited
6272-462: The derailment, and the next day the Canadian Transportation Safety Board (TSB) called for the RCMP to investigate as lead investigator Don Crawford said, "There is enough to suspect there's negligence here and it needs to be investigated by the proper authority". On February 4, 2020, the TSB demoted its lead investigator in the crash probe after his superiors decided these comments were "completely inappropriate". The TSB stated that it "does not share
6370-447: The derailment. Part of the compromise was to accept GO Transit commuter rail service along the Galt Subdivision corridor up to Milton, Ontario . Limited trains ran along the Milton line on weekdays only. Expansions to Cambridge, Ontario may be coming in the future. In 1984, CP Rail commenced construction of the Mount Macdonald Tunnel to augment the Connaught Tunnel under the Selkirk Mountains . The first revenue train passed through
6468-574: The distance learners must travel to reach them), ability to use hard infrastructure (railways, roads, ports, airports, harbours, etc.), and telecommunications and other soft infrastructure like the Internet . The Gender Empowerment Measure (GEM) focuses on aggregating various indicators that focus on capturing the economic, political, and professional gains made by women. The GEM is composed of just three variables: income earning power, share in professional and managerial jobs, and share of parliamentary seats. The Gender Development Index (GDI) measures
6566-611: The economic development goals of specific countries cannot be reached because they lack the State's capabilities to do so. For example, if a nation has little capacity to carry out basic functions like security and policing or core service delivery it is unlikely that a program that wants to foster a free-trade zone (special economic zones) or distribute vaccinations to vulnerable populations can accomplish their goals. This has been something overlooked by multiple international organizations, aid programs and even participating governments who attempt to carry out 'best practices' from other places in
6664-411: The first spike was driven into a sunken railway tie. That was the point where the Canada Central Railway (CCR) extension ended. The CCR started in Brockville and extended to Pembroke. It then followed a westward route along the Ottawa River and continued to Mattawa at the confluence of the Mattawa and Ottawa rivers. It then proceeded to Bonfield. It was presumed that the railway would travel through
6762-463: The government defrayed surveying costs and exempted the railway from property taxes for 20 years. A beaver was chosen as the railway's logo in honour of Donald Smith, 1st Baron Strathcona and Mount Royal , who had risen from factor to governor of the Hudson's Bay Company over a lengthy career in the beaver fur trade. Building the railway took over four years. The Canadian Pacific Railway began its westward expansion from Bonfield, Ontario , where
6860-477: The government passed the Railway Relief Bill, providing a further $ 22.5 million in loans to the CPR. The bill received royal assent on March 6, 1884. In March 1885, the North-West Rebellion broke out in the District of Saskatchewan . Van Horne, in Ottawa at the time, suggested to the government that the CPR could transport troops to Qu'Appelle in the District of Assiniboia in 10 days. Some sections of track were incomplete or had not been used before, but
6958-519: The government-owned Canadian National Railways . During the First World War, CPR put the entire resources of the "world's greatest travel system" at the disposal of the British Empire , not only trains and tracks, but also its ships, shops, hotels, telegraphs and, above all, its people. Aiding the war effort meant transporting and billeting troops; building and supplying arms and munitions; arming, lending and selling ships. Fifty-two CPR ships were pressed into service during World War I, carrying more than
7056-543: The growth of globalization has linked economic development with trends on international trade and participation in global value chains (GVCs) and international financial markets. The last financial crisis had a huge effect on economies in developing countries. Economist Jayati Ghosh states that it is necessary to make financial markets in developing countries more resilient by providing a variety of financial institutions . This could also add to financial security for small-scale producers. Economic development has evolved into
7154-448: The incentive compatibility problems that can happen to foreign aid donations –that foreign aid granting countries continue to give it to countries with little results of economic growth but with corrupt leaders that are aligned with the granting countries' geopolitical interests and agenda –there are problems of fiscal fragility associated to receiving an important amount of government revenues through foreign aid. Governments that can raise
7252-429: The job on May 23, stalling Canadian freight traffic and costing the economy an estimated CA$ 80 million ( US$ 77 million ). The strike ended with a government back-to-work bill forcing both sides to come to a binding agreement . On July 6, 2013, a unit train of crude oil which CP had subcontracted to short-line operator Montreal, Maine and Atlantic Railway derailed in Lac-Mégantic , killing 47. On August 14, 2013,
7350-436: The late 1970s. During the second world war a Royal Canadian Air Force Station was established near the community. The station was closed in 1994. In the 2021 Census of Population conducted by Statistics Canada , the Town of Penhold had a population of 3,484 living in 1,325 of its 1,396 total private dwellings, a change of 6% from its 2016 population of 3,287. With a land area of 11.2 km (4.3 sq mi), it had
7448-657: The left bank of the Kaministiquia River in the District of Thunder Bay, about four miles upriver from Fort William. Once completed in 1882 with a last spike at Feist Lake, near Vermilion Bay, Ontario , the line was turned over to the newly-minted private Canadian Pacific Railway company. In 1883, the first wheat shipment from Manitoba was transported over this line to the Lakehead (Fort William and Port Arthur) on Lake Superior. Macdonald would later return as prime minister and adopt
7546-592: The line had already been in use for three months. The CPR quickly became profitable, and all loans from the federal government were repaid years ahead of time. In 1888, a branch line was opened between Sudbury and Sault Ste. Marie where the CPR connected with the American railway system and its own steamships. That same year, work was started on a line from London, Ontario , to the Canada–US border at Windsor, Ontario . That line opened on June 12, 1890. The CPR also leased
7644-452: The middle of 2022. However, a competing cash and stock offer was later made by Canadian National Railway (CN) on April 20 at $ 33.7 billion. On 13 May, KCS announced that they planned to accept the merger offer from CN, but would give CP until May 21 to come up with a higher bid. On May 21, KCS and CN agreed to a merger. However, CN's merger attempt was blocked by a STB ruling in August that
7742-428: The more likely certain conditions are to occur. Hence, all countries do not progress similarly. From the 1940s to the 1960s the state played a large role in promoting industrialization in developing countries, following the idea of modernization theory . This period was followed by a brief period of basic needs development focusing on human capital development and redistribution in the 1970s. Neoliberalism emerged in
7840-486: The new Multimark (which, when mirrored by an adjacent "multi-mark" creates a diamond appearance on a globe) that was used – with a different colour background – for each of its operations. On November 10, 1979, a derailment of a hazardous materials train in Mississauga, Ontario , led to the evacuation of 200,000 people; there were no fatalities. Mississauga Mayor Hazel McCallion threatened to sue Canadian Pacific for
7938-460: The next eight years, it continued to apply to discontinue the service, and service on The Canadian declined markedly. On October 29, 1978, CP Rail transferred its passenger services to Via Rail , a new federal Crown corporation that is responsible for managing all intercity passenger service formerly handled by both CP Rail and CN. Via eventually took almost all of its passenger trains, including The Canadian , off CP's lines. In 1968, as part of
8036-496: The opportunities to get them and the proper functionality of institutions and organizations that can attend more technically and logistically complex tasks (i.e. raise taxes and deliver public services). These processes describe the State's capabilities to manage its economy, polity, society and public administration. Generally, economic development policies attempt to solve issues in these topics. With this in mind, economic development
8134-461: The people in question and their nation. The UNDP indicates four chief factors in development, especially human development, which are empowerment, equity, productivity, and sustainability. Mansell and Wehn state that economic development has been understood by non-practitioners since the World War II to involve economic growth, namely the increases in per capita income , and (if currently absent)
8232-502: The port of Montreal during the winter months. By 1896, competition with the Great Northern Railway for traffic in southern British Columbia forced the CPR to construct a second line across the province, south of the original line. Van Horne, now president of the CPR, asked for government aid, and the government agreed to provide around $ 3.6 million to construct a railway from Lethbridge, Alberta , through Crowsnest Pass to
8330-610: The railway under the supervision of the Department of Public Works. Enabled by the CPR Act of 1874, work began in 1875 on the Lake Superior to Manitoba section of the CPR. The ceremonial sod-turning at Westfort on June 1, 1875, was prominently reported in the June 10 edition of the Toronto Globe . It noted that a crowd of "upwards of 500 ladies and gentlemen" gathered to celebrate the event on
8428-536: The railway. Many were European immigrants. An unknown number of Stoney Nakoda also assisted in track laying and construction work in the Kicking Horse Pass region. In British Columbia, government contractors eventually hired 17,000 workers from China, known as " coolies ". After 2 + 1 ⁄ 2 months of hard labour, they could net as little as $ 16 ($ 485 in 2023 adjusted for inflation) Chinese labourers in British Columbia made only between 75 cents and $ 1.25
8526-453: The relative economic advancement of a given region or nation. The World Bank 's "World Development Indicators" are compiled annually from officially recognized international sources and include national, regional and global estimates. GDP per capita is gross domestic product divided by mid-year population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidizes not included in
8624-418: The renowned railway executive William Cornelius Van Horne to oversee construction. Van Horne stated that he would have 800 km (500 mi) of main line built in 1882. Floods delayed the start of the construction season, but over 672 km (418 mi) of main line, as well as sidings and branch lines, were built that year. The Thunder Bay branch (west from Fort William ) was completed in June 1882 by
8722-766: The rich "fertile belt" of the North Saskatchewan River Valley and cross the Rocky Mountains via the Yellowhead Pass . However, a more southerly route across the arid Palliser's Triangle in Saskatchewan and via Kicking Horse Pass and down the Field Hill to the Rocky Mountain Trench was chosen. In 1881, construction progressed at a pace too slow for the railway's officials who, in 1882, hired
8820-469: The south shore of Kootenay Lake , in exchange for the CPR agreeing to reduce freight rates in perpetuity for key commodities shipped in Western Canada. The controversial Crowsnest Pass Agreement effectively locked the eastbound rate on grain products and westbound rates on certain "settlers' effects" at the 1897 level. Although temporarily suspended during the First World War , it was not until 1983 that
8918-597: The time of its opening, the longest railway tunnel in the Western Hemisphere . On January 21, 1910, a passenger train derailed on the CPR line at the Spanish River bridge at Nairn, Ontario (near Sudbury ), killing at least 43. On January 3, 1912, the CPR acquired the Dominion Atlantic Railway , a railway that ran in western Nova Scotia . This acquisition gave the CPR a connection to Halifax ,
9016-458: The trip to Winnipeg was made in nine days and the rebellion quickly suppressed. Controversially, the government subsequently reorganized the CPR's debt and provided a further $ 5 million loan. This money was desperately needed by the CPR. Even with Van Horne's support with moving troops to Qu'Appelle, the government still delayed in giving its support to CPR, due to Macdonald pressuring George Stephen for additional benefits. On November 7, 1885,
9114-591: The tunnel in 1988. At 14.7 km (nine miles), it is the longest tunnel in the Americas. During the 1980s, the Soo Line Railroad , in which CP Rail still owned a controlling interest, underwent several changes. It acquired the Minneapolis, Northfield and Southern Railway in 1982. Then on February 21, 1985, the Soo Line obtained a controlling interest in the bankrupt Milwaukee Road , merging it into its system on January 1, 1986. Also in 1980, Canadian Pacific bought out
9212-415: The value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Median income is related to real gross national income per capita and income distribution . European development economists have argued that the existence of modern transportation networks- such as high-speed rail infrastructure constitutes
9310-677: The view of the lead safety investigator". The CPPS say they did a thorough investigation into the actions of the crew, which is now closed and resulted in no charges, while the Alberta Federation of Labour and the Teamsters Canada Rail Conference called for an independent police probe. On November 20, 2019, it was announced that Canadian Pacific would purchase the Central Maine and Quebec Railway from Fortress Transportation and Infrastructure Investors . The line has had
9408-478: Was a Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Kansas City Limited , known until 2023 as Canadian Pacific Railway Limited , which began operations as legal owner in a corporate restructuring in 2001. The railway is headquartered in Calgary , Alberta. In 2023, the railway owned approximately 20,100 kilometres (12,500 mi) of track in seven provinces of Canada and into
9506-562: Was re-routed to this new southerly line, which connected numerous emergent small cities across the region. Independent railways and subsidiaries that were eventually merged into the CPR in connection with this route were the Shuswap and Okanagan Railway , the Kaslo and Slocan Railway , the Columbia and Kootenay Railway , the Columbia and Western Railway and various others. Under the initial contract with
9604-548: Was unsuccessful. In 2015–16 Canadian Pacific sought to merge with American railway Norfolk Southern . and wanted to have a shareholder vote on it. CP ultimately terminated its efforts to merge on April 11, 2016. On February 4, 2019, a loaded grain train ran away from the siding at Partridge just above the Upper Spiral Tunnel in Kicking Horse Pass . The 112-car grain train with three locomotives derailed into
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