Canada Looks Toward Recovery as 1971 Begins
Canada starts 1971 with signs of recovery amid inflation pressures. Authorities relaxed monetary restraints in 1969 and 1970 as exports surged, producing a record trade surplus. The dollar floated June 1 and later remained near parity with the U.S. while fiscal expansion continued with a December budget adding $500 million to programs.
MENTIONED IN THIS ARTICLE
Canada
U.S
E. J. Benson
International Monetary Fund
Ber
Reynolds Elects New VP and Directors at R J Reynolds
Winston Salem The R J Reynolds Tobacco Co board announces the election of W Stuart Leake as vice president and director. Leake, longtime general leaf supervisor since 1959, will oversee domestic and overseas leaf buying and related agricultural operations. Fenton Royster retires December 31. Two other executives are named to newly created key positions.
MENTIONED IN THIS ARTICLE
Winston-Salem
R. J. Reynolds Tobacco Co
Tobacco Company Board of Directors
W. Stuart Leake
Reynolds
Fenton D. Royster
Leake
Mexico Sees Growth Amid Inflation Pressures
Mexico's economy grew slightly above 6 percent in 1970 as inflation pressed on living costs. Manufacturing and construction rose while agriculture fell about 2 percent. Tourism, exports of manufactured goods, and foreign investment supported growth amid a weak balance of payments. President Echeverria pledges agricultural emphasis and 500,000 new private-sector jobs, while Diaz Ordaz touts stability as development driver.
MENTIONED IN THIS ARTICLE
Eloyd
Aguilar Associated Press
Mexico City
Mexico
United States
Also Mentioned on This Page
Ottawa
Sinha
Bob B.ridge
Federal Deposit Insurance Corporation and
Federal Reserve Systems
North Carolina National Bank
NCNB
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