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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 25, 1982
Page
6
Toronto reports that amid the Canadian dollar’s decline and high U.S. rates, business leaders push for exchange controls and lower rates. Finance Minister MacEachen signals a budget to boost growth, while economists warn such controls could trigger broader problems.
A concise reference lists abbreviations CBT CME and WPG for major exchanges. It notes that contract months shown are quoted and prices are in cents unless marked in dollars. The guide clarifies formatting and quotation conventions for futures data.
Readable lines show 12:15 p.m. EDT pricing with numerous securities listed. Reported figures include bids, asks, net changes, and percent moves across a broad set of companies such as AMCA Int, Agnico, Alt Energy, Alcan, Ang CT, Astral, and many others. Movements vary, with some stocks rising and others slipping, reflecting a mixed early session.
Vancouver stocks show mixed activity with numerous listed firms across energy banking and tech sectors. Notable price shifts include Abu Oil, Am Flint, and Shell Can with varied gains and losses. indices reflect mixed momentum across numerous sectors and volume indicators remain uncertain.
The record lists numerous securities with shares, prices in cents, and net changes from the prior close. It shows totals such as overall sales reaching 407,410 across listed firms including Ameracrude, AmChrA, AmChrB, Cap Cable B, Cincinnati, Cinabar, Westel, and more, with varied highs lows and closes.
Toronto CP reports economist Tom Maxwell says the loonie’s drop stems from confidence issues, not weak balance of payments. He warns each cent fall adds about a quarter point to inflation, and domestic rates must adapt as capital costs rise. Maxwell notes past recovery hinges on investor psychology rather than quick fixes.
Imasco Ltd chairman Paul Pare told the Montreal annual meeting that the private sector could disappear if Crown corporations continue their current investments. He cited Alberta Heritage Fund and provincial pension funds, warning Quebec’s Caisse de depot du Quebec could steer major firms and policy.
Pemberton Securities reports at noon EDT the TSE composite at 1399.8 down with metals oil and gas pipelines and real estate sectors all lower while gold and silver in U S funds show modest changes Canadian and U S prime rates listed with unclear five year term deposit details.
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