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In 1976, Columbia Records of Canada was renamed CBS Records Canada Ltd. The Columbia label continued to be used by CBS Canada, but the CBS label was introduced for French-language recordings.
Columbia issues grew less in number and major artists moved to other labels. Finally, in late 1923, a rescue operation was called for. New Process, Viva-tonal and Royal Blue. In the fall of 1923, the Columbia Graphophone Company went into receivership, having previously sold its English subsidiary.