Winnipeg Free Press

Winnipeg Free Press (Newspaper) - November 1, 1995, Winnipeg, Manitoba Winnipeg free press b6 John 6977264 business h Peg s Little chateau on the Prairies from fort Garry 18006658088 november 199f Economy flying right again Stock Dollar interest rates Tumble by John Douglas business editor after weeks of being battered by the Quebec refer the Canadian Economy righted itself yesterday with a sudden Jerk that sent the Stock Market and Dollar soaring and interest rates the correction More than off set losses incurred by the referendum debate with a stronger healthier Stock Market and lower rates for three month and 10year government of Canada weve done better than simply retrace the past said Bank of Montreal chief economist Tim were in a better net situation than we were six weeks on three month government of Canada Bonds were getting per cent interest while 10year Bonds were getting per the Dollar was Worth cents us and the Toronto Stock Exchange stood at 90day Bonds were 50 basis Points lower at per 10year Bonds 60 basis Points lower at per the Dollar closed at and the tse at the Stock markets could be the biggest said Robin Fin Rice financial manager of Mutual Finlay pointed out that markets Are Only Back to february Levels and that Canadian markets have never returned to 1987 there is still a great Deal of pent up profit in the tse he with this out of the maybe people will get off the Side lines and enter the Market the most dramatic shift of the Day came from the Bank of Canada that set its trendsetting rate nearly Ocean Dahal Points lower than last week at per the rate immediately signalled a Quarter Point drop in most Banks prime rates to per despite the slim no Victory in International investors Are showing a renewed Confidence in the economists the Dollar surged after Early referendum results pointed to a no then retreated somewhat As International investors realized Ottawa and Quebec could be on the verge of a new round of Polit ical it peaked at just Over 75 cents its not mrs International analyst Rob Palmorn by with the no its business As usual As far As que becs fiscal Agenda with this uncertainty out of the the focus will return to Cana Das which Are very Oneil John chief economist at the Royal said the response of the markets is a plus for an Economy that has struggled this we were starting to turn around but the psycho logical effect of lower interest rates and a stronger Stock mar Ket will help to propel us for Quebe related issues Are Likely to hover Over both the econ omy and financial markets in the weeks to some commentators have wondered whether finance minister Paul Martins deficit cutting efforts will be stymied by the risk that spending cuts would anger Martin said government poli cies will have to reflect the Call for change heard in the referee Toronto Stock Exchange traders jump into action after the opening Bell but Ottawa War on the deficit will our fiscal program is an Essen tial part of cleaning up the balance getting interest rates he Canadian Bond rating service confirmed the credit ratings of Quebec and but said the narrow no Victory Means uncertainty about future links Between the two will continue to affect financial statistics Canada confirmed the Economy is slowly finding its feet in a report tuesday showing out put Rose per cent in it was the second straight month of rising output after a weak first Quarter and a second Quarter in which the Economy tse closed higher in very Active trading yesterday october 1 1995 source tse phone Bills Call costs to drop by Murray Mcneil business reporter Manitoban will be paying More for Basic Telephone services next but Manitoba Telephone sys tem is promising those costs will be offset by lower Lon distance the Canadian radio television and telecommunications commis Sion granted a per month increase Over each of the next two years to Canadas major Telephone including yes the first increase takes effect the crts also ruled the increases must be offset by equivalent reductions in Basic Long distance rates for services used primarily by families and Small its spokeswoman june Kirby said the company still has not decided if the Lon distance Sav Ings will be applied to Long Dis Tance Calls made within the at the the average monthly phone Bill in Manitoba is cents per month in Winnipeg and per month outside the next year those rates will jump to and per month and and per month in however Kirby said Peoples Overall Bill should not change because what youre going to pay extra on the local Side you should save on the Manitoba Branch of the con Sumers association of Canada condemned the Branch president Jacqueline Wasney said some poor people and seniors on fixed incomes would longer be Able to afford Basic identical phone saudi Job fills beings work Book staff the official signing of an order for 23 Boe ing 777200 aircraft by saudi arabian airlines this week Means beings Winnipeg Plant has a solid sched ule of Sam the spokesman for Boeing Canada in said the billion us originally announced in is a great order for the Winnipeg Plant makes aft strut fairings and fixed trailing Edge panels and other smaller parts for Boeing employs close to people in the saudi order totalled 61 including 29 Mcdonnell Douglas md90 five four engine Boeing 747 airliners and four Tri engine Mcdonnell Dou Glas md11 making a difference in Manitoba business Jon Vic president of finance of the Manitoba Crown corporations Council has been elected International president of the information systems audit and control Gina a masters Stu Dent at the University of Manito has been awarded a scholarship by the Canadian transportation research forum to study the transportation needs of the especially in dispersed after seven years in the Cabinet communications Ron Arnst is leaving to join the Royal Bank As a Public affairs adviser for smart a company that specializes in health information management Madhav an Engineer with the Manitoba department of has been honoured by the american society for Quality control for nearly 20 years of work to improve outreach educational and promotional Winnipeg festival do Voyageur has been named one of the top 100 l my tuba movers tourist events in North America by the american bus last years which Cele Brates the fur attracted nearly tourists from the United Switzerland and Hong Marion president of building owners and managers association has announced that Shirley Tillet will chair the Board of Boma Manitoba after holding three executive positions since Tillet is currently with Royal Lepage facility management ser Coopers Lybrand have named Kim Nykoluk and Howie Raber principals in the general practice group and Dave Burnside has been appointed to the information technology Centra Gas has introduced operation Public a new Community watch program involving the company 300 Radi Mobile vehicles in 80 communities throughout Ron Guimond has been appointed director of operations for Loral Canadas Winnipeg pre was general manager of Winnipeg Hughes the Westin hotel has started offering guest office service to meet the needs of the business for Over the regular hotel the Westin offers trav Ellers an i room laser copier that Are macintosh and ism compatible As Well As a speaker phone with data got a an appointment or a new contract fax or phone the free press business Mountain or fax the festival do Voyageur one of top 100 tourist Early Start cuts Yule shopping Cost there Are 54 Days and counting if youre one of those who Mark Christmas shopping the advertising has already but who has really completed the task How Many have even started it is not too late to spread some Holiday season expenses Over plan establish a spending limit and the credit card Bills will not be such a Shock in pay Cash or use direct payment from your Bank account As often As pos it will be More difficult to special baking decide How Many gifts to what entertaining you will be and what special baking you will take some time to identify areas where you can keep your spending consult with family members about cos cutting strategies Over the Holiday list All the peo Home stretch Eleanor Menzies pie whom you buy gifts for and make note of ideas for each per write Down a Price limit for each person and stick to this will help keep your spending under carry the list with you so you can take advantage of sales or Check off the name on the list when you have made your Pur that will give you a feeling of set a Date in Early december to Complete your avoid fighting the and the Dis appointment if a store is out of to decrease Many families draw names and give a gift to one rather than some families establish a rotational list of gift giving so that Over a number of each person buys for a different family this method prevents one person from drawing the same name each other families choose to give to rather than sometimes parents Are part of the in others they Are it is a personal do what is Best for your agree to set limits on the Price of this can often be a Chal Lenge to select the most appropriate gift in the Price it also can be a lot of fun to see what a limit of will Church and Community groups hold Many Craft sales and bazaars in these Are Good locations to buy your you will find Many Neofa kind remember to stick to your resist the urge to buy on planning gives you time to make some of your gifts and local Community school and sewing and Craft stores offer special courses for adults and children to make seasonal make a few phone Calls to see what is available in your f you need ideas for special i decorations or visit your local Library and look through previous years fall issues of Home Craft and decorating mag you will get lots of schedule time to create your gifts or set aside one evening a or saturday morn to work on your get together with other family Mem Bers or friends for encouragement and to share the Moti vation will be there to and Complete the projects on make your Christmas card will you Send cards to All your friends and or just to those people living out of town will you Send a card or a or both creative deadlines for mailing cards and parcels overseas Are late novem Ber and Early Canada Post suggests mailing before or will allow enough time for mail to arrive before invite children to design your Christmas they love to be and friends and family like to receive cards that express your if you write a family form let the children decide what they want to say about happenings Dur ing the past they can add drawings to the or consider creating a collage of family Pho make copies and include with the did you buy wrapping paper and cards last january if make other less expensive wrap gifts with fabric coloured or tissue sew gift bags from fabric decorate Brown paper bags with glitter and seasonal gift tags can be make your own from old construction or note let the artist in the family draw the plan to avoid the Las minute Christmas you will keep within your and can enjoy the u j q Eleanor Menzies is a profession Al Home economist living in win she is past president of the Manitoba association of Home her column appears if you would like to Contact please Call ;