Lethbridge Herald, The (Newspaper) - October 9, 1974, Lethbridge, Alberta
24 THE LETHBRIDGE HERALD Wednesday, Octobtr 9, 1974 increase expected '75 unemployment rise predicted REGINA (CP) There may be more people unemployed across Canada next year if forecasts issued today by the Saskatchewan government are correct The province's annual eco- nomic review says that while Saskatchewan will continue to enjoy low unemployment rates, now less than three per cent, on the national scene slower economic growth and reduced production in lumber and other industries "may push the rate of unemploy- ment up to seven per cent in 1975." The latest figures from Statistics Canada, adjusted to indicate underlying trends Saskatchewan's economy boom to continue in REGINA (CP) The boom- ing Saskatchewan economy will continue to advance strongly in almost all sectors next year, the provincial government's annual economic review predicts The review, released today, also forecasts that the prov- ince's population will increase for the first time in six years It fell to by June of this year from a peak in 1968 The review does not forecast a specific population growth, but says a "modest increase" may be expected by June of next year The only weak spots seen in the economy are housing starts and a shortage of labor Predicting an unemploy- ment rate of less than three per cent this year and a "favorable" rate next year, the review says the province has virtually full employment "In fact, shortages of skill- ed labor are responsible for slowing the rate of expansion the province would otherwise realize Housing starts are predicted to be fewer this year than last, although government housing programs would produce re- newed activity next year Agriculture is expected to continue to be the foundation for the province's present and future prosperity, although "steady increases" are in- dicated for mining and manu- facturing Investments this year in new manufacturing facilities should be 70 per cent above the 1973 mark, while over-all capital expenditures on construction should reach million, up from (535 million last year. The year 1975 "should see a large increase in construction Prices of building materials are expected to level off so that the growth will be in volume instead of normal seasonal variation, show that of a million, 5.8 per cent are jobless. With no increase or decrease in the labor force, a rise of 1.2 percentage points in the unemployment rate would mean the jobless total would go to about from Other predictions for the na- tional economy include a real growth rate, after deducting the effect of inflation, of four per cent his year "and still less in 1975." "In summary, with the ex- ception of capital formation by private business, the period of rapid expansion which characterized Canada's economy since 1971 appears to be levelling off in 1974. "In an effort to reduce the rate of inflation in Canada and abroad, traditional measures have been adopted which slow the economy. "Economic weaknesses can already be identified in areas such as housing and the export market The economic slow- down will likely continue into 1975, with real growth rates of four per cent expected in 1974 and still less in 1975." CAREER OPPORTUNITIES RESTAURANT MANAGER Required for Lethbndge location. Must have minimum two years experience as a manager of a successful restaurant. Liberal salary and bonus program. Replies held in strict confidence. SMITTY'S PANCAKE HOUSES LTD. Ste. 8th Avenue S.W. Calgary, Alberta Phone 263-5683 STUDENT OPHTHALMIC DISPENSER For a rewarding career in the optical field ap- plicants should have at least Grade 12 and be willing to take a two-year home study course. Exams must be written at the duration of this course to qualify for a provincial license. Please Supply Full Particulars To BOX 56, LETHBRIDGE HERALD NEED EXTRA CASH? 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For more information call Ken Marten 328-6056 or Marvin Ness 327-8255 ASW NOW HIRING AT 210 3rd Ave. South 1607 Mayor Magrath Drive REGIONAL DEVELOPMENT CONSULTANTS VERMILION BARRHEAD The Alberta Department of Agriculture Agricultural Development Corporation This is an advanced professional posit'on in the special- ized agricultural field of agricultural credit and finance The duties invblve the supervision, administration and promotion of the direct and guaranteed loan program in the region Including the design- ing and developing of specialized regional credit programs involving credit education, promotion, training, research projects and coun- selling Requires a B Sc in Agriculture with extension experience in credit, of a B Commerce with extensive agricultural background and knowledge of credit Candidates must be familiar with form man- agement and appraisal techniques, preference will ire given to cnadi- dates with training at the Masters level Salary dependent upon formal education and experience Closes October 23, 1974 Competition number M641-33 APPLY Government Of Alberta Personnel Administration Office Mam Floor. 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BILL LAZARUK 328-7402 TIM GRISAK328-2356 328-2266 evenings I m i Canada can't fill Soviet grain deal OTTAWA (CP) It would be virtually impossible for Canada to fill Soviet grain demands resulting from the cancellation of a deal by the United States, a Grains Group spokesman said Tuesday. The agreement between the Soviet Union and two large grain companies was cancelled last weekend because of White House pressure. It involved 125 million bushels of grain, about 90 million of them corn and the rest wheat. The Grains Group spokesman said Canada is not an exporter of corn, so would be unable to fill any Soviet order for that grain if approached. Also, Canada would not be able to fill the order with bar- ley, an acceptable substitute for corn as livestock feed, because of o-ther com- mitments He said there also would be problems meeting a Soviet de- mand for the approximately 30 million bushels of wheat be- cause "it's a question of tailoring supplies to the markets." Canada's wheat reserves were "really down to an Oper- ating level" when the 1973-74 crop year ended July 31. The spokesman said total reserves were about 370 million bushels "on the farms and in the system" and that this was as low as they should be allowed to go. Get ready for Fall action with cameras and equipment from Eaton's camera counter Outstanding buy! Pentax Spotmatic 1000 camera 209" Get into system photography with this superb Asahi Pentax SLR camera. Features include 'Super Multi-Coated' interchangeable f-2 lens, shutter speeds from 1 to second and 'B', through-the-lens metering and focusing. With lens cup and case. Use your Eaton Account. Asahi Pentax Spotmatic F 309" A versatile, dependable camera for the serious photographer. With f-1.8 interchangeable lens, hot shoe or cord synchronization for flash, full aperture metering and more. Case included. ESII automatic camera by Pentax 409" Now in chromed body to reduce price. 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