Quebec budget under fire as deficit drive tightens
The Montreal budget debate centers on Jacques Perizeau's plan to hold deficits near 3 billion dollars while raising taxes modestly and freezing pay for many public workers. Critics say the move reflects a costly compromise between fiscal restraint and populist promises amid unemployment and a deep slump.
MENTIONED IN THIS ARTICLE
Hugh Anderson
Financial Times
Montreal
Quebec
Jacques Perizeau
Parizeau
Quebec City
Air Canada delays 767 deliveries amid weak travel demand
Air Canada may defer 12 Boeing 767 deliveries in 1985 and 1986 and drop options on six more as late as 1987. Financing from the U S Export-Import Bank covers about 1.1 billion of an estimated 1.5 billion cost, but leadership has postponed final decisions until September to gauge the airline’s financial outlook.
MENTIONED IN THIS ARTICLE
Ottawa
Air Canada
William Reid
United States Import-Export Bank
Reid
Sepember
Capital erosion hits Canadians as assets slide in 1982
The Toronto Stock Exchange reports a total stock value loss of 88 billion and housing values may have fallen 25 percent from last year’s peak, risking a near 340 billion erosion in asset values for 1982. Real GNP decline adds to consumer distress, prompting the Conference Board of Canada to report a record low consumer attitudes index in Q1.
MENTIONED IN THIS ARTICLE
Seymour Friedland
Financial Times
Toronto
Toronto Stock Exchange
Conference Board of Canada
Also Mentioned on This Page
Sonic Shutter Corp
Japan
Self Defence Force
Tokyo
Canada
Ity
Allowance Ave
Workers’ Compensation Board
Alberta
Claims Advisor
Medicine Hat
WCB
S.E
Edmonton
Craven
the House of Craven
Health and Welfare Canada
THE
A.e.lepage
Kingsway S.E
Crestwood
P.i.t
Connaught
Southridge
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