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Chetwynd The Echo in Chetwynd, British Columbia

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Chetwynd The Echo

Location

Chetwynd, British Columbia, Canada

Date

Nov 18, 1981

Page

9

BC forest sector sees limited relief from federal budget

BC industry spokesman Dick Bryan says the budget offers little stimulus to forest products amid high interest rates and U.S. market losses. He notes tax effects are negative for corporations and rental housing aims may barely boost demand. Union leaders and homeowners call for more rate relief with Ottawa protests planned.

Vancouver British Columbia Allan MacEachen Dick Bryan Council of Forest Industries B.C Bryan Bank of Canada U.S MacEachen Jack Munro International Woodworkers’ of America Munro IWA Hedzer Vanderkooi Keep Ottawa Vanderkooi

Rate decline seemed timed

Vancouver Canadian Press report quotes Fraser Institute director Michael Walker saying the Bank of Canada rate cut before Thursday’s budget appears politically timed to shield the government from budget critics. He warns against political engineering of an independent central bank, recalling a historic Coyne-Diefenbaker clash.

Bob Flytton Housing and Urban Development Association of Canada Kamloops Employers’ Council of B.C Canada Dave Eriks Vancouver Arthur Andersen and Co Eriks Michael Walker Fraser Institute Walker U.S Ronald Reagan Britain Margaret Thatcher Victoria Hugh Curtis Curtis Bank of Canada James Coyne John Diefenbaker Coyne

Economy Forecast Predicts Turbulence Then Stabilization

Ottawa based document from Thursday's budget foresees short term turbulence with higher unemployment and inflation driven wage gains until early 1983. Food prices rise quickly, cost of living stays high before a modest decline, followed by moderate real growth through 1987 as inflation eases and the Canadian dollar strengthens slightly.

Ottawa

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