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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 19, 1981
Page
7
Conference Board of Canada polled 240 chiefs in Q2 finding overall economic sentiment improving while investment climate worsened. High interest rates weak demand and policy costs reduced capital spending, especially in oil and gas. Manufacturing optimism rose on fuller operation and better profit outlook.
Six economists from major Canadian institutions weigh in on high interest policy. They discuss the Bank of Canada and federal stance, inflation at 12.3 percent, money-supply control, and the effect on productivity, with varying support for tighter policy and concerns about its side effects.
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