Canada’s Economy under tight money policy lacks shock
Canada and Britain pursue similar tight money policies yet Canada's unemployment rate remains around 7.2 to 7.3 percent. Statistics Canada reports a steady job gain of 381,000 new positions over the past year with a labor force rise of 350,000, helping reduce the jobless rate from 7.8 percent a year ago. Strong participation by women and youth, plus smaller 15 to 19 year old cohorts, buffers inflation expectations though no clear relief from high rates.
MENTIONED IN THIS ARTICLE
Don McGillivray
Southam
Ottawa
Canada
Britain
Second recession forecast as Canadian rates surge
The Financial Times reports Canada may enter a second recession in as many years as 91 day treasury bills yield 19.64 percent and banks lift prime to 21 percent effective borrowing near 22 percent. Experts differ with Mackness warning of negative real GNP while Martin foresees modest growth.
MENTIONED IN THIS ARTICLE
Seymour Friedland
Financial Times
Canada
Treasury
William Mackness
Pitfield Mackay Ross Ltd
Bank of Canada
U.S
Mackness
United States
Rodney Nicholson
Burns Fry Ltd
Senate poised to limit Canadian takeover bids in U S
A Senate securities subcommittee backed a 50 percent borrowing ceiling for foreign buyers of U S securities aiming at Canadian firms using borrowed funds for U S takeovers. The move parallels Canada’s effort to curb lending for such deals as the dollar weakens. Senators say foreign buyers gain unfair leverage without such limits.
MENTIONED IN THIS ARTICLE
Washington
U.S. Senate
U.S
Senate Securities Subcommittee
United States
Cor
Alphonse D’amato
D’amato
Canada
Also Mentioned on This Page
Statistics Canada
Gallup
Allan MacEachen
MacEachen
Conference Board
the Economic Council of Canada
the Council
Unem
Georges Bank
Zapata
Iren Gate
Peter Martin
McLeod Young Weir Ltd
Chartered Bank General
St. S.E. Medicine Hat
Alta
Canada Deposit Insurance Corporation
Southern Roofing (Medicine Hat) Ltd
Barry
Community Services of
Medicine Hat
Maple Ave
Medicine Hat Tennis Club
Terry
6Th Ave. S.E
Holsom Road
Ford
Massey Ferguson
Massey
Sherwood Auction Service
Sherwood
Gordon Sherwood
Senate
Medicine Hat College
Continuing Education Department
Cypress Hills
Theresa Lodeen
Joe Vesso
Camera Club of
Harry and Doris Weiss
Irvine
Alberta
John Deere
H.D
P.T.O
Linden Post Pounder
Agratec
H.P
Kohler
SMITH
Olivett
Morris
As, Anes Schenker Auction Service
Home & Farm Locators Ltd
Dick Hermann
D.P
Nita
D.P. Vender
Marjorie
Dwayne Fettig
Allowance Avenue
Allowance
Princess Avenues
Kingsway
Dick Herrmann
Cambridge Street
Emma
St. S.W. Gershaw Terrace
Dick Herrmié
Marjorie Re
Ray Sept
van Becker
Nita Kemp
Jim Gardly
Emma Nelson
Yanke
Mark Felesky
Ben Felesky
St. S.E
Joe Schorr
Jack Nichols
Ted Felesky
Windfall Builders
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