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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 8, 1972, Lethbridge, Alberta Wednesday, November I, 1972 THE LETHBRIDCE HERALD 33 Despite inflation, unemployment, outlook for economy 'good' New York Times for the first quarter Canada's successfully after two calm to take over the of companies it might here have also rrvMai-iMTn Th h" saw some economic record high inflation, but is returning. controlled British that they would get taking enthusiastic advan- TOHuW TO Inc evcr-nign-er cost of living and a 7.1 per cent or unemployment are for British Columbia, where a newly elected socialist Premier David Barrett, is in 1973, especially as they looked stuth across the border with the United unable to keep unemployment in check. A four per cent rate of Montrealers cite, as an example of a turnaround, the increasing number of major Telephone Company within four years and that he also had his eye on Iwo other protection householders got when their property was expropriated for of a new federal program of incentives to industry for expansion. Eotli were issues Jn some businesmen are uneasy aboul had been real estate projects Inland Natural Gas the program star ted campaign for the national election held Oct of government lake overs, the Canadian economic efforts to reducce the deficil in the United States' as a realislic goal by a Sen-ale commitlee. The recent months and the spurt in the sales of private Ltd., and the West Coast Transmission Company conslruclion Industry is extremely busy years ago, a total of 147 companies in Manitoba have on- regarded ivilh what a of payments and is the highest here in Robert Bourassa, also announced firm During Ihe first J15 million in federal But other economic in Montreal described about the Domestic federalist, was increase substantially of 1972, building to help finance expan- tors, from urban housing confidnece tlmn Sales Corporation in October by the revenues from the in Winnipeg, projects valued at mil- to Prairie grain sales, in some which offers tax in two provincial industries, largest city, exceeded brighter, and the mood in Canada's board rooms is generally buoyant, according to reports from financial analysis in 'The strong economic expansion which characterized 1972 to American multinational companies for manufacturing at home rather than abroad. Canada has more in predominantly French speaking Quebec express confidence lhat Ihe turbulent political days are o' candidates fielded by the Parti Quebecois, which ad-vocatse separating Quebec from the rest of mining, and said lhat his government was against all forms of business incentives from figures for both 1970 and 1971. More than million worth of construction has expansions are said .to have created new jobs, which is Uie major purpose of Ihe federal program. lo continue in a branch plants than and then, cjuietly, leaders in the started in Ihe city here in Canada's Canada's gross national based manner country and many of hope lhat their were reluctant All over the city is also thriving uct is up significantly. said D. D. Peters, in Ontario. But the is properly Columbia, with but G. H. D. stand out against a couple of lean years. showing increases are such economist for the the DISC program years have passed resource oriented executive vice president Prairie record grain sales this tistics as department here remains unclear separatist Lcrrorints is usually among Ltd., said investment w a farmers are finally spend- sales and the number of indications of the American a British consular to feel any economic which the barren here in 1970 heavily on both farm equip- buying new car, trucks recovery from do not have to and a provincial But il is currently have, requires but 1972 will be a and consumer goods. farm of two years ago, he intentions later murdering with the political which in turn said Leonard is back in everybody's The CNP in Canada has "a strong increase in Toronto, at least, the confidence Capital is only Manitoba's minister favor again. Part of the lopped billion for the on business plant of unemployment in overseas confidence sharp jolt with the on reasonable terms and is the disastrous drought time. In the second quarter of 1972 it was running at a seasonably adjusted annual and "strong demand for Canadian exports" in expanding Asian and and across the country is attributed in part to the evaporated overnight then. Many companies made plans lo move to Toronto August of Premier David Barrett of the socialist New Democratic is a stable investment climate." He said that Ihe new the first half, for example, we altracted more than 30 new manufacturing the Soviet Union that has driven up demand for the of S102.09 billion, which tough and some of compounded the governmenl should issue a growth rate thus substantially increa- three per cent above the some analysts policies in 1969 and were carried Oct. 12 by saying that reassuring than one its price. 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