Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 8, 1997, Winnipeg, Manitoba Winnipeg pres july 87 business watch commodity Exchange trading up to futures trading at the Winnipeg commodity Al Exchange during the 19969 crop year finished Well ahead of last years totalling almost two million contracts As of the end of the number of contracts reached an increase of Flore than 17 per cent from the augus june total in the 199596 crop the Exchange said in a canola trading was key to the with volume up almost 12 per cent in june Over the same month last for the canola trading was up 17 per to in other futures Western Barley was up per cent to contracts in the crop year flaxseed was Down per cent to feed peas Down per cent to and Oats Down per cent to Farmers Plant less Spring wheat Winnipeg weaker world wheat prices have prompted Farmers to Plant less Spring wheat this the reduction of about one million hectares is spread across the Prairie they Are responsible for 95 per cent of Spring wheat production in durum wheat seeded in Saskatchewan is up by Brex investors join lawsuit Montreal preparing a class action suit against Brex minerals in the mining scam have gathered about 300 names so far out of an Esti mated Quebec lawyer Michel Belanger said yesterday the action will name its the engineering firm Kil born engineering Pacific and brokerage firms nes Bitt Burns and Levesque Beaubien Geoffrion the brokerage firms will be pursued for promoting the Stock of the Calgary based mining which filed for bankruptcy Protection in May after its supposed Gold find of the Century in Indonesia turned out to be Worth Max swings Canadian deals Toronto up Max announced its biggest Deal Ever on monday with the Sale of 10 of the company 3d theatres to Edwards theatre circuit the Sale pushed the Price of Max shares up to close at on the Toronto Stock the new theatres will open by the year Max also said monday it signed a Deal with Empire theatres to build a 3d theatre in another Deal with Krikorian premiere theatres of California will put a 3d Max screen in san Hollinger ups Southam stake Toronto up Conrad Blacks Hollinger group of companies is about to buy a bigger stake in Southam the country largest newspaper Hollinger said in a statement yesterday that it will Purchase another million increasing its control of Southam to per cent from the current per the shares were tendered by investors Over the last several weeks after Hollinger offered a combination of in Cash and Stock in a failed bid to win full control of the purchases will take effect july Black publishes 60 daily newspapers in Canada through Southam and other Anvil reopening Lead Zinc mine up Anvil Range mining announced yesterday it is starting to reopen its Lead Zinc mine in this Yukon the company closed the mine last eventually putting about 450 people out of work when All the layoffs were completed in the company has secured an agreement principle for a loan from Cominto to begin a three to four month stripping it raises every automotive except Home sales Bounce Back Low interest rates credited As move up buyers help fuel gain closed end lease from s e shown with optional Light Alloy for More details Call or visit Lonnie Star motors 854 Nairn am Mac will Clown or equivalent plus Psi payment Deposit required on optional buyout or fund raising dinner grand chief Phil Fontaine in his efforts to succeed As National chief for the Assembly of first nations my 1997 Thi Lombard two Lombard place Manitoba aperitif dinner please Call Allan Isfeld 7812958 Phil Fontaine election Campaign Box 260 Mary ave om6 staff move up buyers led the charge As Winnipeg resale Home Market rebounded last month from a two month move up Market sales Are Dri ving the real estate Market presently and that bodes Well for the local Winnipeg real estate Board president Doug Sewell said for the first time in the most Active Price ranges were Between and As opposed to to Sewell that helped drive the Dollar volume of junes safes to a reverd he and boosted the average Selling Price for a sing family dwelling by three Pef cent to Confidence Sewell noted that Winnipeg move up Market had been Mant through most of the but it started to come to life last he spurred on by a combination of Low interest an expanding Economy and increased consumer me said the improved economic conditions made homeowners confident about moving up to a More expensive and Low interest rates have enabled them to Purchase a much nicer Home than they could have afforded a few years he sales through the webs multiple listing service jumped by six per cent in june com pared to in the Board said that was a reversal of fortunes from april and when year overhear mls sales fell by five per cent and per cent respect Sewell said last months Strong sales were a continuation of a trend that began last fall but was interrupted in april and May by a record breaking Spring blizzard and the worse flooding in More than a Century in the parts of Southern the weather improved in june and so did House half Way through june we could see it was going along very Well Sewell in confidently looking for Ward to it continuing through the he noting that interest rates remain the Economy continues to strengthen and consumer Confidence is still i think were looking at a really Good summer no vacancy signs going up in offices and Industrial Parks by Rob Ferguson Canadian press Toronto finding fac tory and office space is get Ting tougher As vacancy rates fall in the surging Canad an Royal Lepage says in a new the availability of Industrial space in nine major cities fell a full percentage Point to per cent in the first six months of the that the single biggest drop in three John senior Vic president for the real estate said in the rate for trial space fell to per cent from 47 per cent of the Square feet according to the the tighter Market is the result of increases in manufacturing and warehousing As stronger con Sumer spending has led to increased companies Are carrying much More Stock and distributing More things to More Obryan for office the vacancy rate fell just Over a percentage Point to per mainly because of expansions at Mutual fund companies and brokerage in the rate fell to per cent from for the Square feet of office space on inventory in the the total occupied space was Square the Survey the numbers suggest larger companies looking for room to grow might find it harder to come by than a few years although Small companies should be Able to find Small blocks of space fairly Obryan theres a lot of space Overall but its not necessarily where you want to lease it or in blocks that you can Deal the vacancy rates Are the Low est in seven years and perhaps longer in booming centres like Vancouver and said Sherry chief economist for investment dealer Nesbitt that foreshadows a much faster Pace of nonresidential construction in the its not surprising Industrial and office space is being occupied at faster Cooper in cities like office buildings left vacant in the linger ing recession of the Early 1990s Are being converted into building permits residential building permits were up to billion in billions i Iii 1995 m 1997 Tammy Hoy up business building Boom on horizon facts about business vacancy rates in a new Survey from Royal Lepage Industrial fell to per cent in Down from per cent at the end of last commercial fell to per cent from per where measured Van quote that foreshadows a much faster Pace of nonresidential construction in the Sherry chief Nesbitt and weve seen very Little commercial building for she the Pace of nonresidential building fell off slightly in May after four consecutive monthly statistics Canada reported building permits were Down per cent in May to Mil lion from april Levels that were the highest in almost seven the May figure was higher than january or any month last its still on an up said nonresidential building per mits were actually up in two provinces per cent in and per cent in the value of building permits issued for housing Rose for the second consecutive month in although nonresidential construction Levels were statistics Canada municipalities issued permits for billion in up per cent from this Fol Lowed declines in both longhand Short term mortgage the 43ro annual meeting of Templeton growth july pm Manitoba Centennial concert Hall simulcast live from Toronto and Vancouver come and listen As three of the worlds investment leaders speak on global special to Winnipeg meeting George pm via president portfolio Teni Plean limited George Morgan will fee at the Winnipeg meeting for a special Brief seminar beginning at he will answer your questions and share his personal insight on global this session will be held just prior to the life broadcast from Toronto and so youll Waul to be on special gust speaker sir John Mark Etc Yrtti Fitl in Stltt Lilly foul Iii titling it tit Light incl i 11 Sti Wiwat til in the world of global taking time to stay 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