Canada’s 1962 economy steadies amid crisis and reform
In 1962 Canada faced a domestic crisis tied to international balance of payments but government actions restored confidence. Measures included cancelling a 400 million standby credit line with Export-Import Bank, a 250 million bond issue in New York, phased tariff removals, and Bank of Canada rate cuts from 6 to 4 percent. Gold and foreign exchange reserves remained strong as repayments to IMF proceeded, while temporary surcharges lingered. The economy showed growth, exports and a trade surplus, with high employment and rising manufacturing. New legislation to ease transport costs, reform civil service costs, and an expanded program for technical and vocational training aims to reduce unemployment and boost industry.
MENTIONED IN THIS ARTICLE
Canada
Dolar
Washington
New York
Bank of Canada
Time Magazine
United States
Canada to push tax cuts and industry shifts for jobs
The discussion outlines tax concessions to boost research in Canada and a labour measure to aid adaptation to automation. It notes unemployment remains high despite growth, a large balance of payments deficit of about a billion dollars, and a aim to earn more abroad to fund imports. The goal is more jobs, higher profits, lower deficits, and reduced foreign capital reliance.
MENTIONED IN THIS ARTICLE
Canada
Some Don'ts About Your Home Wiring
A compact safety note lists how to handle home wiring to prevent fuse blows and breaker trips. It warns against wiring changes with live loads, wet handling, and placing outlets in damp areas without grounding. It advises spreading appliances across outlets and circuits and avoiding combining motor and lighting circuits.
Wiring First Problem For 4 Of 5 Homes
Four of every five homes lack adequate wiring making Housepower the top modernization concern. Housepower marks homes with modern lighting, appliances, circuits, and optional electric heating as planned by experts. Contact your utility for planning and financing advice and hire a qualified electrical contractor for the work.
MENTIONED IN THIS ARTICLE
Housepower
Winnipeg Lady Eaton Award Short Story Contest Opens
The Winnipeg Branch of the Canadian Authors Association invites entries for the Lady Eaton Award Short Story contest. All submissions must reach Mrs Olive Goldie at 674 Centennial St Winnipeg by March 15 1963. Patron is Lady Eaton. two cash prizes of 50 dollars will be awarded for the best story.
MENTIONED IN THIS ARTICLE
Winnipeg
The
Canadian Authors Association
Olive Goldie
Centennial St
Lady Eaton
Manitoba fiction contest rules and prizes announced
The notice outlines a Manitoba province fiction contest with two $25.00 prizes for top winners plus three honorable mentions. Winners will be announced April 17 at the Association's Annual Awards Dinner. Submissions limited to Manitoba residents, up to 4,000 words in proper short story form. Entrants must use pen names, with real names on a separate sealed envelope and 20 cents for return postage. Judges listed as Mrs Elva Fletcher Miss Vanita Mace Arthur and Mrs Olive Goldie.
MENTIONED IN THIS ARTICLE
Addiion
Association
Manitoba
Elva Fletcher
Vanita Mace
Arthur
Olive Goldie
University Bursary Deadline Set for Feb 15
University of Manitoba undergraduates and affiliated colleges face a February 15 deadline for 1962 student assistance bursary applications announced by Hon. Stewart E. McLean. Applications go to the Registrar at the University of Manitoba. Bursaries range from $100 to $500, with $85,125 awarded to 314 students under the prior program.
MENTIONED IN THIS ARTICLE
Stewart E. McLean
University of Manitoba
McLean
Classified Ads Policy and Rates Listed
Due to collection difficulties the Review will accept only ads for the classified Card of Thanks In Memoriams and Coming Events when accompanied by cash. No ads by telephone. Rates are 2 cents per word per insertion with a 50 cent minimum. Applies to classified ads In Memoriams Cards of Thanks and Coming Events.
Card Party at Tummel School by 4H Beef Club
The Tummel 4H Beef Club will host a card party at Tummel School on Friday February 8. Lunch will be served for attendees.
MENTIONED IN THIS ARTICLE
Tummel 4H Beef Club
Tummel School
Jehovah's Witnesses Kingdom Hall Schedule Card
Community notice lists weekly study and service times. Sunday 7 p.m. Watchtower Study Tuesday 8 p.m. Bible Study Friday 8 p.m. Ministry School Friday 9 p.m. Service Meeting at Kingdom Hall.
MENTIONED IN THIS ARTICLE
United Church
Makaroff and
Grand Narrows
Norman Sheets Makaroff
Jehovah's Witnesses Kingdom Hall
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