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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 23, 1982
Page
6
Air Canada president Claude Taylor told Saskatoon business leaders that the global airline industry will lose about 3 billion dollars in 1982. He cited weak traffic, declining yields, and price wars as causes and urged a stable domestic service with Air Canada guiding reform by adapting planes and schedules.
Alberta official notes UN conference on lighter-than-air ships as Goodyear Zeppelin and Piasecki projects loom. Canadian forest firms back Cyclocrane tests in Tillamook Oregon with Fantasia craft by Van Dusen and Magnus Effect powered airship designs.
The Canadian GNP fell two percent in the first quarter of 1982 after inflation adjustment. Analysts expect the year to end with an eight percent shrinkage if trends persist, revising forecasts downward and signaling limited recovery. A separate Manpower survey shows minimal hiring in the next three months.
Quotations in cents mark slight declines and gains across listings including Abu oil and other oils with mixed activity. Traders monitor a broad set of stocks showing varied movement and closing tendencies in today’s session.
Trading data shows various securities with closing cents, net changes, and totals. The list includes numerous tickers such as Can NW Aus, Pioneer, Coronation, Cultus, DebCon, Evergreen, Housta, and others with closing figures and declines or gains, ending with total sales of 372,952.
A dense OCR list shows market quotes across Toronto stocks with ex-dividend and rights indicators. Notable entries include Abacus and Teck resources among others, with prices, volumes, and percent changes scattered throughout the lengthy page.
At 12 noon EDT the TSE composite stood at 1398.6 up 4.6 with metals at 1238.6 up 3.1 and oil and gas at 2467.1 up 14.0. Dow Jones near 799.37 down while the Canadian dollar trades at .7699 US funds and gold in US funds quotes 301 to 303.
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