Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 20, 2001, Winnipeg, Manitoba B4business to 2001 expect the Canadian Dollar to keep says economist falling loonie lacks safety net by Geoff Kirbyson As Low As the Canadian Dollar has fallen of John Mccallum says he Doest see much on the horizon that will keep it from falling to new record lows in the near the economics professor at the school of business at the University of Manitoba said not even the projected 50 to 75 basis Points interest rate Cut expected today from the Federal Reserve in the leaving Canadian interest rates approximately one per cent higher will be enough to boost the sagging he said the Bank of Canada is expected to move in virtual lock step with the fed when it meets next on april the trendsetting fed rate now stands at per cent while the Bank of Canadas key rate is per the Market will assume the Bank of Canada will match the fed so i dont believe the Dollar will be significantly he the Dollar is clearly in until our Central Bank wants to run a policy that would strengthen the Canadian Dol i would not be optimistic about its Short term my guess is it has a High probability of going South from after closing at us the Canadian Dollar has lost nearly three cents since the beginning of the if the current trend the Al time Low of cents set in August will soon be one group that May be cheering the loonie to even greater lows is the Cana Dian wheat Larry vice president of finance at the said his members Prosper when the loonie fal Japan lowering interest rates by Yuri Kageyama Tokyo amid growing cries of alarm about japans economic woes from Home and the country Central Bank decided yesterday to guide its key inter est rates to near Zero to stimulate the Economy and Dampen the dangers of while it stopped Short of directly Cut Ting the Bank of Japan decided at a policy Board meeting to take other measures such As increasing the Money Supply and buying up government that will end up having the same the Bank of Japan said it will no longer target a specific level of interest Central Bank Hopes to stimulate Economy rates but said the latest policy decision would have the effect of pushing interest rates Back to Zero a policy it had abandoned last Hopes for an easier monetary policy had been growing in political and Busi Ness As worries about the future of the japanese Economy have sent Stock markets in Tokyo and new York Plung Central Bank Masaru Hayami has Long tried to resist such say ing that counting on monetary policy to achieve economic growth would not work without taking care of the massive modern Concrete materials practices misuses and misconceptions March 26 2001 Winnipeg this course focuses on the problems that can occur when modern materials and practices Are used such As Concrete defects or these problems Are caused by incorrect practices or inappropriate selection of materials particularly those developed using modern it will be of Benefit to those involved in construction and restoration of reinforced Concrete instructor Paul Jeffs for More or to Gena Brewer at 9024946092 18005650703 fax 9024239859 Complete outline at Dalhousie University continuing technical education 5269 Morris is b3j 1b6 a unt Mimi technical i Viluci added value Means More than Money in the Money business and that Why were streets ahead of other merchant it int just although weve gathered a ton of that Over the past 40 it int just although we know what it takes to grow mid Market growth its much More More about business than More about investing than More about building sustainable growth than managing routine collateral More about reputation and fair dealing than building our business at any Ronat capital is a member of the Scotia Bank group Royna capital More than Money Winnipeg 204 9853072 baddest problem weighing on the nations Hayami has also pushed for wider reforms such As helping to ease government regulations and encouraging new types of businesses As a better Way to resolve japans but the recent spate of bad news about japans Economy and the damaging effects they have had on Wall Street last week have prodded the Central Bank to reverse Over the last political leaders and some Banks have shown More resolve to Deal with the baddest prob which Many View As being at the Crux of japans decade Long economic associated press a weak Dollar is Good for were Able to return a greater Canadian Dollar return to wed like to see it stay if it Falls further that probably Good As he adding that it can be a double edged sword for Farmers when fertilizer and chemicals Are factored last the Cwb sold billion in wheat and most of that on inter National getting paid in each one cent drop in the Dollar against its counterpart Over an entire sales period Means an extra million can in according to the but with 30 per cent of what canadians consume imported from the the loonies most recent swoon has meant higher costs for items such As fresh pro computers and cd of american people should be under no a falling Dollar Over time comes right out of your Standard of theres is no ands or buts about Mccallum Gary owner of dunns food said he has done his Best not to pass on the higher currency related costs to his but with profit margins already the prices of vegetables and canned goods imported from the have risen an average of 10 per a head of lettuce which used to sell for 99 cents a head a few months ago now Sells for Green peppers Are now per up from a month ago cauliflower is per up 50 Jeff de body Winnipeg free press John Mccallum sees Little to break the free fall of the cents from two weeks ago and cans of Tomato soup have risen from 49 cents to 55 were taking less percentage and waiting for the Market to go Down a when the Dollar strengthens then we can see the profit margins he adding that part of the Price increases Are the plight of the Canadian Dollar has also affected the travel plans of Many according to Max president of the association of Canadian travel agents Manitoba and owner of great Canadian travel instead of going to the Many Are simply choosing destinations where the Dollar int the base such As Fiji and were seeing people change direction a our Dollar Doest go As far As it used to in the but if you go to France or our Dollar buys a lot More than it did a couple of years you can spend the same amount to get two months in Australia or three weeks in he City wireless company gets foot in hotel door by Linda Rosborough a Winnipeg wireless company has received an endorsement that could launch the company fortunes in Cana Das hospitality the Manitoba hotel association has granted preferred supplier status to cd the Deal gives the 302 member hotels a favoured rate on Cess High Speed internet the Mha endorsement also gives cd a foot in the door in the hotel mar not Only in but through other provincial hotel this is really a Ron manager of business develop ment for cd it starts with the Manitoba hotel association and it moves and this is really just the the company internet express Lite product is marketed As an alternative to hardwired phone or Cable instead of transferring data across Stan Dard network wireless technology uses radio eliminating the need for internet Access in hotels is a big said Jim president of the Manitoba hotel wireless in my is really the Way to a self professed doubting said he first wanted to see How the technology is being received at win Nipges country inn and which is testing the All 10 wireless units were in use when Baker in although two to three per cent usage at the hotel had been cd reports that actual use has been in excess of 20 per people want Baker i see it As a great alternative to upgraded hard wiring and a relatively inexpensive using an ethernet Type card cd markets its own but the internet express system is designed to be open to any such card and with any platform a notebook computer user has Access to the internet or their office Lan local area travellers wont need to change their internet protocol settings it will be As if they never left their it will be up to hotels to set some May offer it As a value added ser vice As a competitive wireless Access might be built into room sold As an extra item to guests who obtain an ethernet card from the front or made Avail Able on business class we give the hotel the flexibility of where they want the Risley additional Revenue for the hotels and the Mha will come through Advertis when the internet browser is users will be directed to a main Page where local businesses and tourist activities can advertise for a monthly a private wont reveal its hotel sales but the company says it Hopes to introduce its internet express Lite program to hotels in the Western beginning in cd president de Belanger said he has planned for the expansion and Hopes to double Cess current staff of if other projects go cd could employ up to 40 people by years being endorsed in your own Back Yard is very Belanger its very Assante takes yearned loss by Geoff Kirbyson Assante has reported a net loss of million for its primarily due to a Large restructuring charge and the 21centpershare loss for its year ending 31 comes a year after the company posted net earn Ings of or two cents per a restructuring charge of million and amortization of Goodwill of million dragged Down the Bottom the Winnipeg based wealth management firm reported earnings before income depreciation and amortization Bitda and restructuring costs Rose to a 32 per cent jump from the Mil lion earned in Bitda before restructuring costs in the fourth Quarter of 2000 was million compared to million in the same Quarter in an increase of 10 per due to the different amortization schedules of fund Many analysts say the Best indicators of financial health Are Bitda and after tax Cash and not net Marty Assantes president and chief executive said he continues to be disappointed by the Compa nys share which closed up 35 cents yesterday at still Well off its 52week High of we have hit every measurement that we strove to hit and we have continued to hit our targets that our but we have not been As successful As we had hoped in garnering interest from he Weinberg said he was buoyed by the fact that the company assets under management at yearned were Bil up 23 per cent from billion a year he said the growth indicated the firm retained both assets and Finan Cial representatives during the integration of its Canadian operations last Dan senior analyst at wind so based Sterling Mutual said one of the main Bright spots for Assante was the More than 300 per cent growth in revenues from its sports and entertain ment but he said declines in operating Cash flow indicate the firm int growing As fast As its Bitda would priced to make your pulse of the a4 t a turbocharged 17o he engine race bred 6 valve engine techno Loav a Choice of fronttrak1 front wheel drive or legendary Al wheel drive available 6 Speed automatic transmission with feature fou link 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