Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 24, 1985, Winnipeg, Manitoba Broadcaster hails deregulation moves by Jack Francis deregulation of the broadcast business has begun with the Feder Al governments plan to give the Cabinet Power to direct crts Ca Nadian radio television commis Sion a leading broadcast executive said Here Randall president of Winnipeg based Moffat communications welcomed the first step proposed station Broad cast licence Extension from five to seven years a Saver of a tremendous amount of time and Money spent on application renew Moffat said another positive move was the Promise by crts chairman Andre a lawyer broadcast businessman who got the Post a year to allow More Industry input in determining the future role of this contrasts with the approach of some past chairmen who set regulations that sometimes were unrealistic and sometimes formulated without adequate con he told a meeting of the Winnipeg society of financial an Moffat said recently announced procedures for Cable systems rate increases tied to consumer Price Index increases would limit the time and Cost of Public other changes would simplify License pm radio was being allowed More flexibility in carrying out Promise of performance and the commission has increased the number of commercials he predicted More changes would be coming under Bill legislation to Amend sections of the crts the radio act and the broadcasting All with implications for the communications in Moffat said private broadcasters had programming expertise that would enable them to meet the Challenge of speciality program Ming and pay television licensing which would have an Impact on audiences of traditional television but the Industry was concerned about the potential duplication of their services by Lon distance we question if the Extension of Distant Canadian signal stations will provide enough new in Duple rated Canadian programming to offset the potential fragmentation of audiences who now watch the locally licensed Moffat also said the licensing of Many new radio stations in the past five particularly in the pm segment of the mar was introducing new Competition with significant Impact ones to abolished he forecast no Short term improvement in advertising Revenue in particularly and limited growth in the rest of Western Canada this Moffat communications earn Ings in 1984 Rose three per cent Over with net income up to a share from per shares which traded at yesterday were More than triple the Price when the firm went Public about 12 years the company began with one radio station in Winnipeg in 1949 and now has nine Canadian radio a television station in Winnipeg and Cable television sys tems in Houston and and a minority inter est in the Winnipeg jets hockey Winnipeg free january 1985 41 inflation Frozen but debt bomb feared More gics Are Only one of our interesting resp find out about our guaranteed savings and mortgage income or equity investment and see How our portfolio approach can make them All work better for Gic Transfer no loss of interest guaranteed highest rate either at time of signing for the or the Day we receive your for up to 45 Days minimum Deposit interest paid rates and terms subject to change without 5 year resp Montreal Trust Well Worth talking Portage at Notredame Avenue 943045 i Washington a the Rea Gan administration declared inflation Frozen in place yesterday after a third year of modest consumer Price increases and economists said there is no reason to expect an Early private analysts warned against getting carried away by a recent spate of Heady economic news because of what one called the ticking time bomb of the Federal budget the Rise in Decem Bers consumer Price Index brought 1984 to a close with a four percent annual inflation coming on the heels of increases of per cent in 1983 and per cent in that Means prices Rose per cent during the last three that is the Best comparable Mark since the increase from 1966 to 1968 before a tide of inflation engulfed the economic annual increases in 1979 and 1980 alone exceeded the three year cumulative total recorded that memory and a huge Federal budget deficit accumulated under president Ronald Reagan have combined to keep most interest rates higher than they have been during other periods of moderate private economists were unanimous in embracing the administrations prediction of continued eco nomic growth and moderate inflation for the year but they were equally unanimous in saying an unresolved deficit threatens to etch a Grey lining to 1985s Silver William economics professor at Purdue called the deficit a time bomb kind of ticking inflation psychology is not gone and its pretty Clear in interest he James chief Domestic economist for the first National Bank of said inflation looks Good for the next but for the broader he basically weve got a a set of problems and one important component is a chronic and huge Federal despite some occasional Testi Mony from administration officials that Federal deficits and High inter est rates Are not necessarily Annable said he does not know of any truly serious credit Market analyst who believes the labor department report said the 1984 inflation figure while a fraction higher than in previous was based on a Broad Price moderation rather than a free fall in particular such As that held the 1982 figure sharply below where it would have been move up to electronic Canon electronic office typewriters starting at rent lease buy on 43 month equity lease free office trial bookings National typewriter 9422141 272 main the clearly Superior what the ism pc has never Only Shack can give you ism pc performance and software without the ism Price Only Shack has the manufacturing muscle and to give you Modos performance at a break through you still get the in compatible performance you you still get to select the Modos software you but when you buy the Tandy 1000 instead of ibis pc you pay not Only do you pay much but you get so 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Pulpan paper Industry is looking for a modest two percent gain in shipments this year in line with the Cooling off of the United states that assumes the Canadian Dollar wont Rise against the making our exports More say Industry talk of growth will turn into moans about decreasing the Ideal scenario would be a weakening of the Canadian and dollars against other foreign but the Industry also wants the Dollar to remain Strong visa is the Canad shipments of pulp and paper from Canadian Mills reached a record million tonnes last bettering the 1980 record of million tonnes by per the improvement Over 1983 was or about four per the Canadian pulp and paper association said yesterday that its 1985 forecast is for both to Canadian and foreign of million growth predicted the forecast is based on an anticipated cent increase in the Gross National product and a three percent gain in although David director of economic and statistical services for the acknowledged the Reagan administration is predicting up to four per cent growth for the United production among Canadian producers will continue at about 91 per cent of compared with 90 per cent last in the newsprint production will remain around 92 per cent of Canadian shipments of newsprint should in crease by one per cent to million they Rose by seven per cent in All markets last year and by 10 per cent to Canadian the association anticipates newsprint consumption in the will Rise by about one per while the capacity of american Mills declines giving Canada a Chance for greater Canadian shipments to the Rose by nine per cent in Canada will gain from the raising of the Europe an economic Community quota on duty free importation of Canadian Canada will be Able to Send up to tonnes to Europe this it sent tonnes last Continental Bank ready to spend Toronto up interest income May be at a historic Low and a full economic recovery has yet to but yesterdays annual meeting of the six Earold Continental Bank of Canada sounded More like a Pep rally than a sober report to David president and chief executive said although 1984s net income was far from he believes the infant Banks balance excluding was among the Oetter ones in the net income grew to million from million the previous but assets grew per cent to Continentals assets had been almost stagnant since the Banks first Day of income was reduced by the narrowing Gap Between interest rates offered by lending institutions and their own borrowing Lewis said management must walk a Fine line Between earnings and needed investment in the we must invest in the Bank to continue expanding the Strong foundation of the past five on we have been reluctant to sacrifice longer term Success for the Sake of Short term the Bank has used medium to Large commercial accounts As its bread and but in the last year it has developed a specialized personal banking business aimed at upwardly Mobile professionals and it has turned out to be the most successful program the Bank has Lewis starting from the Bank had executive banking system accounts Worth million As of 31 and seed Money to launch the program will Likely be recovered by the end of the in the coming the Bank will pour Money into whatever it believes will help Lon term Prosperity with programs covering everything from employee training to Public relations and ;