Recession Versus Low Mood In Canada’s Economy
Ottawa argues the downturn may be the worst since the Great Low Mood, with economists split on the official recession definition. William Mackness forecasts a 3.7 percent real GNP drop mid-81 to mid-82, while 1930s declines show four straight years worse than any current forecast.
MENTIONED IN THIS ARTICLE
Ottawa
Los Angeles Dodgers
Allan MacEachen
William Mackness
Pitfield Mackay Ross
Toronto
Mackness
Toronto Board of Trade
Firms find more than one way to save on energy costs
The Financial Times review outlines two energy saving paths: motivating workers at Garrett Manufacturing in Toronto and a tech driven program at MacMillan Bloedel in Vancouver. Garrett uses a conservation committee rewards and pledges, while MacBlo upgrades furnace efficiency and retrofits mills.
MENTIONED IN THIS ARTICLE
Garrett Manufacturing Ltd
Toronto
MacMillan Bloedel Ltd
Vancouver
Garrett
MacMillan Bloedel
Ward Tomlin
Tomlin
McMillan Bloedel
Garrett Manufacturing
Inflation not the problem says Swiss banker
Prominent Zurich banker Guy Wais argues deflation risk outweighs inflation as US prices fall and unemployment rises. He notes gold, oil, diamonds and farm prices slump, wages easing, and foresees a US recession with slow recovery. He also says short-term rates may rise briefly but trend is downward.
MENTIONED IN THIS ARTICLE
Chicago Sun-Times
Guy Wais
Guyerzeller Zurmont Bank of
Zurich
Federal Reserve Board
United States
Wais
Low mood risks in recession and personal protection tips
Financial columnist Seymour Friedland discusses how a recession can morph into a low mood through vanishing consumer confidence and rapid spending cuts. He cites Canada’s shaky indicators, warns of possible bankruptcies, and advises building guaranteed savings, deferring major purchases, and shifting to government bonds to weather uncertain times.
MENTIONED IN THIS ARTICLE
Seymour Friedland
Financial Times
Toronto
Allan MacEachen
Canadian Deposit Insurance Corporation
Government of Canada
Also Mentioned on This Page
Don McGillivray
Richard Spence
Creative Printing
S. Railway
St. S.E
Stevenson Street
S.E
Santa
G. Paul
S. Heringer
Alberta Blue Cross
Canada
Edmonton
Alberta
Royal Trust
R.H.O.S.P
Royal ‘Trust
Medicine Hat Mall
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