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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Dec 14, 1981
Page
6
Vic Parsons notes that despite a strong link between profit and investment, profits fell sharply in the second half of 1981, threatening investment in projects that could ease the downturn. The piece frames economists’ views on the investment climate amid a grim profits picture.
Toronto bankers foresee a profit dip in the first quarter of 1982 as interest rates fall but anticipate improved results later. In 1981 profits rose 37.6 percent to 1.716 billion on assets 1.716 billion, while the return on assets slipped. Analysts expect a weak start but possible 5 to 15 percent earnings gains in the second half and into 1983.
The TSE composite index stood at 1940.5 at noon EST, down 13.6 points. Metals slipped to 1795.4, down 20.5 while Gold rose to 3176.1 up 63.7. Oil and Gas fell to 3743.4 down 47.8 and Pipelines to 2006.1 down 18.2. Real Estate Construction recorded 6293.9 down 79.8. Industrial Products at 1369.2 down. Dow Jones index listed 87. Canadian dollar in U.S. funds and Gold and Silver in U.S. funds shown as $417 and $8.70 respectively with losses of 8.65 on silver.
Readable fragments show numerous stock quotes with figures for Abitibi, Argosy, Alcan, Asbestos, Bell, Canfor, Canadia firms, and others. The listing includes share counts, prices, and daily changes, mixed with abbreviations like xw xr xd and a note on net change from prior closing. The dense OCR yields inconsistent punctuation and multiple incomplete entries.
A dense OCR style page shows stock quotations in cents with highs and lows for many tickers. Names include Aero, Am First, Unity and multiple banks and resources, with price and change data across numerous lines and scattered place markers.
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