Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 5, 1995, Winnipeg, Manitoba Winnipeg free press business Philip 6977017 b5 a Fiunary 1995 Morden company expands beyond its founders dreams firm worthy of its steel by Kelly Taylor business reporter Mord Enrick Warkentin has dreams of but for his father the family business is already a lot bigger than he imagined 33 years ago when he started inter steel Industry there is a lot i didst have in John Warkentin looking around the Large shop filled with bending Mig welders and Metal when you Start with the Only Way you can go is inter steel manufactures a variety of steel from rotary mowers and Sunflower harvesting attachments for combines to Golf cart hog Scales and self emptying garbage sales at inter steel Are around the Rick Warkentin exports account for most of the Sunflower attachment with 90 per cent going to Nebraska and one unit even went to this past inter steel has been Riding a wave of pushed along by the falling Canadian with the Dollar the Way it the americans Are just itching to buy up Rick Warkentin weve done All right this we cannot inter steel also supplies metalwork to the Morden plants of carte International and 3m they do onetime and Quality carte Vic president Mike canola exports May beat Pes fall Jeff free press John left and Rick with one of their self emptying garbage Are pleased with inter steels u r a Revi one of a series Brook there a Good Bunch of inter steel has the exclusive contract to manufacture Core Clamp and locating bars for Cartes electrical he for inter steel does custom Metal when inter steel was founded in a former service station 33 years John Warkentin did mainly Metal repairs for local Farmers and he also started making the Sunflower the septuagenarian still works at the present shop High on an escarpment West of he helps with design work and Rick does the marketing and a lot of Guys ask when Hes going to and i say he because Hes Down to eight hours a Day Rick said with a baritone laugh deepened by a bout with the common inter steel employs three not including the that Small size gives them a lot of flexibility to make design respond to complaints and just have practical jokes abound in a shop unfettered by rigid Ive been involved in a said but the Small size Lias its All Walkin repair once a company is now filling a Large round of orders can be a and often upsets attempts at scheduling work around Busy while the company Sunflower harvesters sell mostly into the United everything else is primarily for Canadian the hog Scales Are sold across Canada through a Winnipeg the rotary mowers and Golf cart trailers Are sold individually out of the Morden shop through newspaper and Magazine Canadian a drop in the value of the peso have a major Impact on Canadian exports of canola to says an official with a Winnipeg based company that markets and exports Grain to International i think its Only natural in an Economy where their currency is they Mexico will look for the cheapest alternative possible and oilseed Are highly substitute said Dale Adolphe of can Grain Pool a Grain marketing and exporting company owned by the wheat pools in Saskatchewan and Adolphe said the weaker Canadian Dollar will Likely protect Canadian canola against any major Challenge for the mexican Market from american alternatives such As alternative oilseed he said if there is any Competition it will come from countries in South the danger might in fact come from alternative oilseed in South brazilian soybeans and maybe even argentinian Adolphe said while Mexico is a big customer for no More than 10 per cent of canola exports go Japan continues to be Cana Das biggest International he Adolphe added that demand for Canadian canola has exceeded sup Dollar Bank rate Falls by Rob Carrick Canadian press Ottawa the next wave of higher interest rates was postponed yesterday by a re surgent Dollar and a larger than expected drop in the Bank economists Are still calling for higher rates in the first half of but not until the Canadian dollars next dive or rates Rise in the United the Dollar came under attack late last flirting with Lightyear but the currency perked up rising of a cent to cents that allowed the Bank rate to fall Back to per cent at its weekly setting from per cent after nine straight Bank rate 909r92939495 source Bank of Canada up its Good that the Bank rate came Down because had it gone up even a Little there would have been added pressure to raise the prime said Joshua the Canadian Imperial Bank of com merces chief the the base for Many con Sumer stands now at per cent As a result of two increases of half a percentage Point in Early de Mendelsohn predicted that the rate could Rise by As much As a full Point in the next three to six Tom head of the Bank of Montreal mortgage said homeowners Are probably the chief victims of the current interest rate Alton noted that oneyear Mort Gage rates have already risen to per cent from per cent a year adding monthly to a the Best Protection against future raises is to stay with a Short term he that a Homeowner has the flexibility to take advantage of an expected rate de Cline in the latter half of this Locking in a five year rate at per cent to me just Doest make unless youre a first time buyer and you be Alton economists believe interest rates Are Likely to Rise at the end of Janu when the Federal Reserve is expected to nudge up rates to paralyse Canada has to match rates to keep foreign investors interested in the Bonds that finance Federal and provincial government rates could also Rise if the Dollar Falls into a sustained the hardest working part of your Media mix Johnson i to Media the yellow Popes is the hardest working portion of your Media when Consumers Are shopping 8 out of 10 turn to the yellow pages to help make their Purchase because the yellow pages is in every Consumers your and works 365 Days a and now with additional products the yellow pages can work even More effectively on your with 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