MPs Pay Rise Row Mirrors Inflation Fight In Canada
The editorial argues MPs plan catches up to inflation by indexing pay to consumer prices, warning the move would hurt fairness and widen gaps with ordinary Canadians. It notes MPs' current pay and perks and questions whether lawmakers should face the same inflation pressures as the public.
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Montreal
Finance
Bank of Canada
Canada
Parliament
Alberta firms bullish in U S stock trading
Edmonton report says Canadian firms, half Alberta-based, accounted for one third of value on the American Stock Exchange last year. Amex executive Joshua Rich noted 38 Canadian companies made up 20 percent of trade volume on the Amex among 900 listings, with Ottawa's energy program hurting Canadian oil stocks.
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American Stock Exchange
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Joshua Rich
Amex
Ottawa
Rich
Canadian office rents rise faster than inflation but may ease by 1982
A Howard Ecker survey shows office rents in Toronto Montreal Calgary and Edmonton up 21 percent since December versus under six percent inflation. Prices in older space jumped 35 percent to 17 per sq ft, while new space rose 12 percent to 23. Montreal weakness kept new prime space up 7.5 percent to 25.25. The study warns overbuilding could curb gains as demand slows.
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Financial Times News
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Howard Ecker and Co
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Australian oil sparks recovery
A major oil discovery in northwestern Australia with Canadian participants boosts investor interest in the Australian dollar. The currency firmed to about 1.16 U.S. dollars from 1.185 year to date, aided by government austerity and privatization moves, while unions push for a 35 hour week risking possible labor disruptions.
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Financial Times News
Australia
U.S
United States
North America
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