Canada faces recession as high rates bite housing and autos
The author predicts 1982 will see deteriorating housing markets with a 20 percent price drop, tighter lending, and rising mortgage takebacks. He argues high U.S. rates and Canada’s strong dollar policy deepen unemployment and debt burdens while car and home financing falter. He cites Bank of Canada guidance and offers the governor’s contact numbers for dialogue.
MENTIONED IN THIS ARTICLE
U.S
Chemical
Chase Manhattan
Washington
Canada
Bank of Canada
Feds
B.C
Revenue Canada
Chrysler
U.S. Loan Guarantee Board
General Motors
Ford
American Motors
Renault
Reggies Ramblings on Captivity and Global Echoes
Reggies Ramblings recalls experiences while held by terrorists in Italy where earphones playing hard rock were forced for hours. Tass accuses the United States of cynicism in arms talks and Moscow shows no interest in a Moscow Washington pact. David Frost praises Nixon and plans to interview Trudeau. The paper notes frames altering perceptions of modern art.
MENTIONED IN THIS ARTICLE
Italy
USA
Dozier
Unite against inflation urged by ministers and leaders
Canadian business and labor chiefs demand a united front to fight inflation. Jean Jacques Gagnon urges wage restraint while Dennis McDermott calls for aggressive deficit-fueled job creation and tax money to curb high interest rates.
MENTIONED IN THIS ARTICLE
Canada
Jean- Jacques Gagnon
Canadian Manufacturers Association
Dennis McDermott
Canadian Labor Congress
Gagnon
McDermott
Financial Post
This Week in Canada February Historical Highlights
On February 15 historical events include Canadiens from Montreal massacring Schenectady in 1690 and the War of pork and beans starting along the New Brunswick Maine border in 1839. Other notable dates cover 1686 playing card money, 1870 Red River provisional government, 1802 knighthood for Alexander Mackenzie, 1812 U S spy payment, 1869 Patrick Whelan hanged, 1942 Uboat shipping losses, 1816 St Johns fire, and 1902 Territorial Grain Growers Association founded in Saskatchewan.
MENTIONED IN THIS ARTICLE
Montreal
Schenectady
N.Y
New Brunswick- Maine
Louis Riel
Red River
Patrick Whelan
Ottawa
D’arcy McGee
Atlantic Coast
St. John’s
Newfoundland
Territorial Grain Growers Association
Saskachewan
Also Mentioned on This Page
Hamiota Echo Publications Ltd
P.O. Box 70
Hamiota, Manitoba
Romoto
U.S.A
England
F.D. (Don) Venables
BY Garth Turner
Pia
VOE Clark
Reggie
Tass
Moscow
David Frost
Richard Nixon
Charisma
Pierre Elliott Trudeau
Paul Hellyer
Alexander Mackenzie
John Henry
Britain
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!