Bright signs seen in economy forecast for Canada
Economists at the Conference Board's fifth annual financial conference in Toronto project roughly four to 4.5 per cent real growth ahead, with a pickup in capital spending and employment. Trade imbalances may improve this year despite unemployment and higher food prices raising union inflation risks. Some forecasters warn of slower growth and a U.S. downturn in 1979.
MENTIONED IN THIS ARTICLE
Clayton Sinclair
Financial Times
Toronto
Canada
Forks
United States
Canada Faces Mixed Economic Outlook and Policy Pressures
The market outlook for Canada this year and next is mixed with a devalued dollar reducing import advantages. Optimists like Lawrence J. Murphy foresee 4.25 to 4.5 percent GNP growth and a trade balance up to 4 billion in 1978, while risks include rising food prices and uncertain wage settlements despite gains in price deceleration since 1974.
MENTIONED IN THIS ARTICLE
Lawrence J. Murphy
The
Conference Board
Canada
Murphy
Canada Faces Trade Fears as Free Trade Shifts Down the Line
Canada’s economy faces rising economic nationalism with fears of imports and unemployment. The Toronto Star notes a shift in policy from immediate free trade to a long-term goal, while economists warn against protectionist moves that hurt workers and global growth. The Economic Council’s reports contrast past push for rapid tariff removal with new caution.
MENTIONED IN THIS ARTICLE
Toronto Star
Canada
C.D. Howe Research Institute of
Montreal
Sidney Golt
Golt
Joseph Morris
Donald Montgomery
Canadian Labour Congress
U.S
Economic Council of Canada
Council
Tokyo
Japan
European Economic Community
Ford Accused of Accepting Kickback in Philippines Venture
In a New York stockholder suit, Roy Cohn alleges Henry Ford and Ford Motor Co accepted a $2 million kickback from Philippine officials in exchange for a costly stamping venture that has cost shareholders over $50 million and produced losses. Ford denies the charges, noting a federal probe into a 1975 bribe connected to an Indonesian telecom contract.
MENTIONED IN THIS ARTICLE
New York
Henry Ford
Philippines
Ford Motor Co
Roy Cohn
New York State
Ford
Auto Company
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Commerce Capital Trust
Kaiser Resources
Crestbrook
Canada Trust
Kaps Transport
Doman
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Massey Ferguson
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Royal
Moore Corp
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Reed Paper A
Ble Montreal
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Southam Press
Distillers Seag
Mercantile
Upper Canada Resources Labatts A
Wardair
Molsons
Toronto Dominion
Westburne Indi
Walk
Good. Worts
Pop Shoppe
Roland Paper
Alta
Gas Trunk A
Cominco
R. L. Crain
Mines Interprovincial
Falcon Nickel
Pembina A
Hudson Bay
Aft
Gulf
Falconbridge Copper
Slater
Home A
Giant U
Ottawa
Don McGillivray
SNS Economics Editor
TSE Industrial Index
Sealy
Sheppard Castors
Dial
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