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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - May 1, 1974, Lethbridge, Alberta May 1974 THE LETHBRIDQE HERALD V I t I Tories say Canada inflation worst WEST COAST SEAFOODS Truckload Sale of Fresh Fish and Seafoods will be held at GREEN ACRES DRIVE-IN on Mayor Magrath Dr. Herring Oysters Halibut Shrimp Salmon Smoked Fish Thurs. and May 2nd and 3rd 11 a.m. to p.m. Ask for price lot and schedule. Starting young An infant toys with a picket sign at a demon- stration outside the Na- tional Assembly in Que- bec City Tuesday. The small group was protest- ing construction of the James Bay hydroelectric project in Northern Que- bec. Sign reads trary James Bay is a threat to all of OTTAWA The Pro- gressive Conservatives assailed Finance Minister John Turner's inflation reasoning charging that even his preferred method of calculation shows Canada is suffering in comparison with other nations. Normally unruffled by opposition Mr. Turner appeared less comfortable than usual as he attempted to extricate himself from a verbal skewer thrust by Opposition Leader Robert Stanfield in the Commons. The Conservative leader said Mr. Turner's recent statements that Canada's anti-inflation performance is better than that of the United States and the United Kingdom is refuted by his department's annual tabled Monday. Use of the gross national ex- penditure- deflator in the review showed that in the second half of 1973 inflation was 9.2 per cent higher than in the previous six months. Mr. Stanfield said this com- pared with figures of seven and six per cent for the U.S. and the respectively. the minister explain why he says Canada's performance is better than Prisoners may move Ont. An official of the solicitor- general's department says Ottawa has reached agreement with five provinces and the two territories to permit exchange of prisoners between federal and provincial prisons. Ben assistant deputy said in an interview that agreements have been signed with British the Yukon and the Northwest Territories. The arrangement means that a person committed to a federal penitentiary may be confined instead in a provincial institution in his home area. Newfoundland has had such an agreement with the federal government since it entered Confederation. WITH EVERY VOLVO WAGON YOU 6 ETA VOLVO SEDAN. After you've loaded the cargo area of a Volvo station wagon holds a six foot sofa and two you forget you have a wagon. it fits anywhere a Volvo secian can. They're both the same length is about three feet less than those giant it handles as easily as a Volvo sedan because it comes with the same suspension the same tight turning circle to a VW and the same four-wheel power-assisted disc brakes. Come in and test drive our wagon. You'll enjoy our sedan. vor-vo SHORT STOP AUTO LTD. 538 6th St. Lethbridge Phone 328-6586 that of the United States and the United Kingdom when the figures show this is a no misrepresent- ation Mr. Turner replied. you look at the deflator in recent you'll see the rate in the U.S. and Europe has been Reverting to a theme often used by the he added that the deflator used in the economic review conclusively that the prime thrust for inflation is foreign- Use of the deflator calculation to argue inflation policy was a new tack by the Conservatives whose arguments based on the consumer price index have been brushed aside by Mr. Turner as incomplete. The price index measures the change with time in a so- called basket of certain whereas the deflator is considered a broader measure because it includes other economic factors. are Mr. Turner and Prime Minister Trudeau going around the country saying the rate of inflation here is much less than in the U.S. and Great Britain when the statistics they use show the reverse is Mr. Stanfield commented outside the House. review also shows that labor's share of the net national income has dropped significantly and I'd like to know if they consider this appropriate and a basis for calculating the new In the Mr. Turner told Mr. Stanfield the drop in labor's share to 70 per cent of national income last year from 75 per cent in 1970 merely a statement of It was not necessarily government policy nor something to form a basis of the new which he will present Monday night. James Conservative finance told is ludicrous that a week before the budget the prime minister says inflation is easing while the economic review says it is Mr. Stanfield said in the Commons the economic review shows inflation was worse in Canada last year than in any other Organization for Economic Co-operation and Development country except Japan. vioolco with Casual Sandals to Free Your Feet NICE FOR Ladies' Urethane Sandal Free and easy styling bares your toes a summer breeze. These low priced sandals are fashioned with comfortable Urethane uppers and soles. Have cushioned insoles for gentle support. Adjustable heel strap for a perfect fit. In Tan or White. Even 5 to 10. Sole Sandal Soft Vinyl uppers take you through summer in comfort and style. With cushioned adjustable heel strap. Misses' in Bone or Even Sizes 11 to 3. Ladles' in White or Even Sizes 5 to 9. Misses' Ladies' Ladies' Sandal Styled for bright city nights and hot city days. 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