Canadian Economy Faces Slow Recovery Amid Debt Surge
Ottawa economist Michael McCracken warns Canada’s deficit may hit 42 billion next year and net debt above 400 billion as tax revenues shrink and social program costs rise. He urges priority on reviving growth over deficit fears, applauds Ontario and fears GST and oil shocks.
MENTIONED IN THIS ARTICLE
Canada
Michael McCracken
Informetrica Ltd
Ontario
Floyd Laughren
McCracken
Toronto
William M. Mercer Ltd
Alvin Toffler
Herb Gray
Informetrica
Shopping south of the line strains Canadian commerce
A Canadian observer reports rising cross-border shopping from south of the border for fabrics hardware clothing footwear groceries and seeds while noting potential harm to domestic merchants and the impact of taxes and GST. The piece cites repeated 1000 mile round trips from Lloydminster and Minot with some relief from credit union interest-free loans for home-community holiday shopping. Seasons greetings.
MENTIONED IN THIS ARTICLE
Minot
North Dakota
Lloydminster
Canada
Michigan
U.S
Manitoba Hydro settles Grand Rapids flood claims
Manitoba Hydro signed agreements with Chemawawin Easterville and Moose Lake for outstanding Grand Rapids flood impacts. Chemawawin Easterville to receive 13.7 million and Moose Lake 7.355 million, with immediate use funds and continuing trusts. Transmission line to Crossing Bay planned, settlements aim to final compensation and future development.
MENTIONED IN THIS ARTICLE
Winnipeg
Easterville
Moose Lake
Manitoba Hydro
Grand Rapids
Brian Ransom
Jim Downey
Moose Lake Band of Indians
Ransom
Old Post
Ing Bay
Chemawawin
Cormorant
Also Mentioned on This Page
Hamiota Echo Publications Ltd
P.O. Box
Hamiota, Manitoba
Romoto
Manitoba
U.S.A
England
CNA
Newspapers ‘Association
Sandy Naiman
Brian Mulroney
Bob Rae
NDP
la Pelttie
Marie-Madeleine de la Pelttie
Hydro
Pas
Cardale Sales
Cardale
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