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Lethbridge Herald Newspaper Archives

- Page 17

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OCR Text

Lethbridge Herald, The (Newspaper) - January 8, 1975, Lethbridge, Alberta Wednesday, January 8, 1975 THE LETHBRIDGE HERALD 17 Canada a bright spot in bleak western economic CALGAKY (CF) The and Japan, Or. a real energy resources. Gestrin, speaking early fiscal and nomic outlook for of only one per cent was how in the action to bring de- remains bleak for the lien Gestrin of Rene de Cptret the United Stales is would be able said the under control, is the one world, mainly due to the vice-president of vice-president of to suffer a decline her resources 'difficulties of nation still with a of petroleum dollars to Canadian Imperial Board in per cent in real them to nations of payments sur- Oanizatiun of Petroleum Commerce, told 200 oil the total real now exported the lowering of despite the increase in porting Countries, (OPEC) executives in the free world Crowe, as much of living in order international oil price and economic outlook one-day meeting that at one-quarter of the National Energy to the U.S. off debts to sharp appreciation of the was told deficit on the was the Ottawa said in order in crude oil, natural gas But Canada, the only oil importing the Second World Canada's energy as she countries can oped nation enjoying amount to billion year was also the expected to the U.S. mostly alternative sources a result, Germany ex- self-sufficiency, and West Germany, which took as a result of the rapidly -rising international oil that all industrialized nations suffered the end of the decade, the energy trade with the for use by Ontario Hydro and the steel companies in However, this is clearly a long-term a rise in the consumer price index of seven action to bring demand hard-hit by he be This situation it will not help us cent in 1974, compared to control, are of petroleum dollars Dr. de Cotret added Crowe said Canada forever, Dr. next few per cent in Japan and 20 per less severely affected by United Kingdom, Canada is expected have a physical Gestrin said in Italy. CHUCK ROAST or Round Bone Roast Canada Grade A Beef MORE MEAT SPECIALS!