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ADMS 1010 Lecture : Week 9 - The Canadian Wine Industry [p1]

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School
York University
Department
Administrative Studies
Course
ADMS 1010
Professor
Yong Troy

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Document Summary

The canadian wine industry, compared to other parts of the world, is relatively new. Early wineries using local grapes were first started in the early 1800 s. The first commercial winery was started in pelee island in 1866. There are wineries in many different provinces, with the main two wine producing provinces being ontario and british columbia: the vintners quality alliance (vqa), the canadian regulatory and appellation system, only recognize wines from these two provinces. The canadian wine industry suffered a major setback with prohibition. Regulation of alcohol was transferred to the provinces in 1927: ontario passed a moratorium on the issuance of new winery licences. Many of the larger wineries consolidated by buying up some of the smaller licences. By 1874, there were only 6 wineries left. Don ziraldo and karl kaiser were the first to be granted a licence to open a winery since 1929.

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Related Questions

7. Regarding the Canadian Charter of Rights and Freedoms, which of the following statements is false? a) The Charter governs all Canadians. b) The Charter has different legislation for different provinces. c) The Charter guarantees freedom from discrimination both in and beyond the workplace. d) The Charter guarantees freedom from discrimination on the basis of race, ethnicity, colour, religion, sex, age, and disability. e) The Charter and human rights legislation are different concepts.

International Economics

The following hypothetical example will ask you to practice calculating prices with exchange rates and looking for profit opportunities.

Labatt's Beer is produced in Canada and sold in many countries. In the province of Ontario, a six-pack of Labatt's beer sold for $6.60 Canadian. Across the border in Michigan, a six-pack of the same beer was on sale for $2.75 US. At the time, the exchange rate was $0.75 US=$1.00 Canadian

Answer the following questions: (Show your work)

How much would it cost in US currency to buy the beer in Ontario?

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If there is an arbitrage opportunity where would you buy and where would you sell. How much profit could you expect on a six-pack?

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