Commerce banks profits rise as Harrison charts cautious growth
Russell Harrison of the Canadian Imperial Bank of Commerce says 1981 profits rose 61.5 percent to 310 million, with nine major banks up 37.6 percent to 1.72 billion. He notes margins tightened as rates fell and outlines branch closures, $500 million capital boost, and international expansion including a Peking office.
MENTIONED IN THIS ARTICLE
John Valorzi
Toronto
Russell Harrison
Canadian Imperial Bank of Commerce
Commerce
Canada
Harrison
The
United States
Europe
Japan
South
America
Peking
China
U.S
Poland
Economy Expected to Dive as Inflation Eases in 1982
Informetrica Ltd projects weak growth and high unemployment in Canada through 1982 with inflation easing from a peak of 12.3 percent this year to about 10.5 percent in 1982. Real growth averages 0.6 percent next year, slower than Finance Minister MacEachen’s forecast, while inflation should drift down toward 8 percent by the mid 1980s.
MENTIONED IN THIS ARTICLE
Eric Beauchesne
Ottawa
Informetrica Ltd
U.S
Canada
Allan MacEachen
MacEachen
Informetrica
Fragmented Market Ledger with Prices and Names
Readable fragments list numerous items with prices, codes, and names including Vancouver Forum Canada and Charlin. The page shows stock quotes, commodity codes, and scattered performer names, offering a snapshot of a chaotic trade board.
Toronto Stock Quotes in Cents and Warnings on Warrants
Readable fragments show stock quotes in cents with odd lots and rights offerings. The sheet lists numerous ticker symbols such as Bell Canada and Alcan with prices, highs and lows, and references to warrants and rights trading, reflecting a noisy historical market page.
Alberta Close Not Today Amid Mixed Markets
Financial data show declines across sectors with the TSE composite at 1938, down 14 while Dow slips 0.28 to 870.05. Metals and energy groups fall, oil and gas and pipelines slip, gold and silver and currencies show mixed U.S. fund values.
MENTIONED IN THIS ARTICLE
Pemberton Securities Ltd
Medicine Hat
U.S
Oreatech eyeing growth with third generation CAD CAM terminals
Ottawa startup Oreatech Inc led by David Pearson aims to slash CAD CAM costs with third generation graphics terminals priced around 50 000 dollars. Backed by Northern Telecom Ventures West Helix and others, the firm targets rapid productivity gains and a fast revenue ramp, delivering its first system this month.
MENTIONED IN THIS ARTICLE
Financial Times
Ottawa
David Pearson
Oreatech Inc
Pearson
Bell Northern Research Ltd
Createch
Northern Telecom Ltd
Bell Northern
Toronto Dominion Capital Group Ltd
Toronto Dominion Bank
Ventures West Capital Group Ltd
Vancouver
Helix Investments Ltd
Toronto
Michael Cowpland
Mitel Corp
Cam. Pearson
Orcatech
Energy seen as key to Vancouver business health
International management consultant Carol Lapin Gold told a Vancouver seminar that lack of energy in supervisors and communication harms productivity and workplace relations. She urged Canadians to reduce politeness that hides anger and to improve listening to complaints to prevent difficult people from derailing the day.
MENTIONED IN THIS ARTICLE
Vancouver
Carol Lapin Gold
Munication and Management Development Company
California
Lapin Gold
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