Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 3, 1981, Winnipeg, Manitoba Canada records Small economic gain in 1980 Winnipeg free March 1981 is Ottawa up a Sharp turn around in the last three months of 1980 salvaged a minuscule Overall increase in economic growth last giving a Clear indication last years recession has statistics Canada said the Gross National product the main indicator of the Economys health Rose fraction ally by on tenth of one per in Down from per cent the Previ Ous but the Good news for finance minis Ter Allan Maceachen was that fourth Quarter growth was a healthy two per the Best quarterly performance since Early working out to eight per cent on an annual Maceachen was clearly saying in an interview the growth in the final three months of 1980 was stronger than anything i anticipate the evidence is we have recovered from the he the yearned spurt follows an actual decline in growth in the first two quarters and marginal growth of four tenths of one per cent in the third Quarter of the Bac Toback increases in the Gross National product in the last half of the year provide Strong evidence the Economy has pulled out of the recession which gripped Canada and the United states a year but former conservative finance minister John Crosbie was not in saying the Overall performance of the Economy in 1980 was very it certainly Doest give much room for encouragement because Little growth has been forecast for Crosbie China gets first loan from if Washington renter the International monetary fund announced its first loan to China on allowing peking to draw the equivalent of almost million to help tackle economic the i i said it had approved a 12month standby borrowing arrange ment for 450 million special drawing rights the funds monetary the if said the main objective of chivas economic program for this year was elimination of inflationary resumption of economic and a reduction of the current account China ran into major economic prob lems when huge Industrial including steel Mills and other heavy manufacturing began Cost ing far More than original the country has been scaling Down Many of these projects and turning More to Light Industry and giving additional emphasis to agriculture and in the if noted these efforts and said it believed this was the proper economic Road for the country to which joined the if last has already extracted Mil lion from its if finances it can draw by merely stating it is having problems with its balance of pay but mondays financial arrangement is the first it has undertaken with the which sets certain economic conditions for obtaining the at the same time China has approached the ifs sister the world seeking Loans to finance education and Energy projects activities considered in line with its new economic statistics Canada attributed much of the fourth Quarter strength to a Trade surplus in merchandise exports which helped produce a record surplus for All of up from billion a year the statistics reflect real growth after discounting the effects of Infra the size of the Economy in 1980 was measured at up from billion in Maceachen had forecast in his octo Ber budget a decline in growth of one per cent last year with an increase of about the same level for he said yesterday the statistics May Lead to a revised forecast for this the better economic activity was accompanied by a reduction in inventories during the fourth Quad Matching the same rate As the previous three the doubling of the merchandise Trade surplus last year was due in part o continued Strong demand in world markets for commodities such As wheat and Metal ores and statistics Canada said the delayed effect of the devaluation of the Canad an Dollar in foreign Exchange mar which began in helped boost exports by about 32 per the weak a Boon to offset much of the effect of the recession on Export but the growth of consumer spending since 1977 has recorded the weakest fou year increase in the postwar real personal expenditure on goods and services last year Rose by Only sixteenths of one per with disposable incomes rising at about the same rate As inflation and with interest rates at record Levels at the beginning and end of Consumers held Back on purchases of so called luxury items like Furni Ture and trips abroad last corporate profits before taxes tailed off to per cent in compared to cent the previous Achi a o the movies without oing to hoi i what can we do for you when learn decided to go to business making films on wild the first thing they did was Contact the nearest Cas office they knew How to make Good movies alright but there were other extremely important aspects of the business they dicing t know things like accurate and thorough production and costing estimates financial reporting analysis and plan Ning capital budgeting and Dock keeping so we sent Thorn a counsellor win Over years of experience in the business Hes o if Over j 000 retired busier us Piipke my make up our counselling assistance to Small Emer Prises which is available to businesses with 75 full time employees 01 fora surprisingly modest you can work with one of our too one who not Only understands your particular but who is also Well versed in the area of your business which you want to just fill in and Send us the Coupon below within a few a Case coordinate will Call on you to discuss your needs we helped a Young team break into the turn business and we can lean up with you to help give your Case works Type 0 Federal business Tanoue Federal development Bank de develop Pement St Mcl of Ojo rec Jhb cipo b Brandon r7a5y6 Ron assistant manager of investments at the Royal Bank of advises one of Many Winni Eggers who left it to the last moment before buying an Winnipeg resp sales up in Las minute buying Rush Winnipeg financial institutions Are Busy toting up increased registered retirement savings plan deposits after a big run of business since last thurs major suburban branches report a larger flow of resp especially Friday and saturday As depo siters made Las minute decisions to beat the March 2 deadline for the tax break on their 1980 spokesmen found demand eased off the final suggesting Many were per haps unaware that the end of february did not signal the end of the fiscal year As has happened in the had lineups at branches the last few business Days before the monday and sales Are up this year Bruce the Royal Banks Winnipeg manager of special Deposit said in an people Are More aware generally of the advantages of and we have a lot of new plan holders As Well As deposits on previous he Cameron said Beautiful rates of up to around 14 to 15 per was one reason for increased much of the Las minute business came from people watching the and waiting for the final and to a degree it has worked for in charge of guaranty Trust of Canada Branch said in an Marjorie supervisor of pen Sion deposits at National also reported lineups at times Friday and and More business this she agreed the higher interest was a and added that younger people were More involved More people Are looking at the advantages of the tax break and financial planning As salaries Dawson branches very Busy Bank of Montreal marketing said branches were very Busy with the usual Las minute higher interest rates Are attractive and our new life insurance at no extra Cost attached to the resp is also proving to be something the con Sumer the Bank of Nova Scotia reports its Dakota Village Branch in vital was one of the with 20 people wait ing thursday and Friday at opening and a steady flow All Canadian Imperial Bank of com Merce had a wild run on Friday and saturday at its Grant Park business in rasps was estimated up 10 per cent for the part of a general most City branches also found More people borrowing Money to invest in with the loan interest costs deductible on the next years income one Branch estimated 30 per cent of contracts taken out this year used borrowed spokesmen agreed More people appeared aware of rasps than Ever they used to be thought of As a tax but now More people in a Broad age Are looking at them to see what else they can get out of Dawson pills insurance company Ippi Clinent students will get jackets despite firm going broke Winter presi Dent of Pitts insurance j is pleased to announce the appointment of u vice president Winter is located in the to Ronio 10 is Roe Toronto up Winnipeg based company says it will Supply the school jackets that hundreds of Ontario students had ordered from a Toronto firm before it went we will Honor any orders placed with the company group where there was a Deposit no matter what it costs Carl Toffoli of Jonnson sports Wear said the Only thing is that there going to be but aside from that they Are going to be exactly what they the group factory in Toronto was padlocked under a bailiffs order after police had received complaints from dozens of Ontario schools saying they paid their Deposit but did not receive the there is no connection Between the two company officials Jonnson has been expanding its operations in easter Canada and opened a Toronto outlet after Lawrence formerly with and now running Bon sons Toronto said ran into financial difficulties and meet its it was bad management and the company was he Toffoli said he offered to make Good on the orders while his company is expand ing in this area because he didst want the sporting goods business to get a bad about 80 Worth about for Are he about had been International Honor for Zelidon discussions buy or business commercial property land investment Arasmith v 5828225 i division we Montreal Trust Kritil i Arifian 9430451 Ottawa up Canadas two Way television has won an inter National award for design excellence and technical the touche Ross new perspectives award is presented annually to individuals and institutions demonstrating innovative boldness and courage in confront ing problems facing Zelidon is part of the new information technology know As it was Deve loped by the communications research Centre of the Federal communications de attached to a television Zelidon gives users instant Access to a wide Range of information stored in computer data Zelidon was the Only Canadian Winner of the 1981 new perspectives awards made by touche Ross and company of new other winners this year include author Peter Drucker for his contributions to the philosophy of and economist Milton Friedman for his television series free to Inco limited notice of record Date notice is hereby Given that March 16 1981 Mas been fixed As the record Date for the determination of the holders of common snares and 7 Prele ried shares series b who ate entitled to notice of the annual meeting of Shaie holders of Inco limited Tode held on april 15 1981 dated March j 198 p c Jessup i Secretary Inco Inco limited i perfect for Small banquets phone 7720727 banker lauds future Saskatoon up Saskatchewan has More Long term potential than any other including Al Elaine provincial manager of bar clays Bank of said Shumacher said that was the reason Barclays decided to establish a Branch that will open later this month in since Alberta has been in the spotlight because of its Oil and natural Gas Saskatchewan can fairly be described us the sleeping he ;