Winnipeg Free Press

Winnipeg Free Press (Newspaper) - March 21, 2001, Winnipeg, Manitoba Winniw fikh March 2001 local a Manitoba feels pain of slowdown Selinger urges caution As Market drop continues by David Kuxhaus were reasonably optimistic Well be Able to keep things on an even keel9 finance minister Greg Selinger Rob Mcbain Doest need to read the newspapers to know that the Economy is running out of the president of a cast industries has already had to Lay off 15 our largest customer has fallen victim to Competition from offshore and theres been a general softening in All said the Winnipeg based Iron foundry supplies parts for construction equipment and other its bread is clearly buttered South of the Twenty per cent of its business is direct exports to the United of the remaining 80 per Well Over half of that eventually finds its Way into All i care about is what goes on in the said that All anybody cares about these the United states is Manitoba largest trading partner a relationship that has blossomed Over the last decade through liberalized Trade policies and the insatiable american appetite for con Sumer in foreign Trade accounted for per cent real in it constitutes per the driving Force has been the in exports to foreign countries totalled about of that or 60 per was destined for the United in exports to foreign countries nearly tripled to almost with the United states accounting for billion or almost 80 per the runner up was Japan at a paltry but like most the provinces Union with the United states is for better or and right it appears were headed for Over the last year the wether of the new Economy has fallen by More than 60 per the Dow has lost More than 20 per cent of its value and markets around the world Are on average at least on fifth below last years you have to be cautious in the face of that kind of said finance minister Greg Jonas Vic president of the Manitoba division of Canadian manufacturers and said theres a lot of trepidation in the business some of our members Are experiencing a drop off in sales and a cancellation of orders from the United said whether the Economy touches Down with a soft land ing or hits Bottom with a resounding recessionary Manitoba will feel but to what degree is hard to the free fall has economic forecasters scratching their Heads As they revise their last conference Board of Canada predicted real Gap will grow by per cent in putting Manitoba fourth among the in november the Board was predicting a growth rate of three per Cibic and to economics have also downgraded their Prog Nosis to per cent and per the Manitoba government has moved its estimates slightly Down from its 2000 to per were reasonably optimistic Well be Able to keep things on an even said John an economist at the University of Manito said that prediction May be too in september of last year i had that number Way Over said estimates Are in one continual Down Ward revision and i think youll find that the revisions will i think youll find today that is so what can the provincial government do to mitigate any essentially it has two options one would be to Cut the Hope being that it would act As an economic the second would be to hold the line on the nip has hinted there could be something done on the tax but its unclear whether it will curb Mccallum said being competitive on taxes is even More important during an economic when times Are bad youre looking at every said everybody is preoccupied with competitiveness and squeezing the last Dollar our of a the nose diving loonie Doest help ease the government Kanga berber clearcut 50 Archibald no dealers i Portage 2333061 please 8892276 the correction notice in our 23e everything Spring on Page save 40 on rerun offer applies to girls size 716 and boys size 816 top and zip off Pant sorry for any inconvenience this May have Clear Lake Manitoba Canara natural Spring Awakening hospitality Al indoor Pool hot tubs Sauna Masage therapy Riding Mountain Park sat u66elkhorn from and Lathlin say Manitoba has an Opportunity to be a National and world Leader in addressing climate Boris Minkevich Winnipeg free press Axworthy named to chair task Force to develop blueprint for action province tackles climate change by Helen falling Manitoba could become a world Leader in addressing climate Premier Gary doer said yesterday As he appointed Lloyd Axworthy to chair a task Force that will develop the provinces action i am very confident that under the Leader ship of Lloyd who has shown great leadership in the past working on issues like the group will provide Mani Toba not Only with an action plan that we can be proud but with an action plan that allows to provide ideas to the doer Canadas former foreign minis said Manitoba is in a position to help define the role Canada plays in International negotiations on climate change caused by human after serving As Canadas head negotiator at climate change negotiations last year in the Axworthy said it became Clear that getting the International Community to agree to a plan All at once is very the former Winnipeg now head of a global issues thin tank in is eager to help develop a Concrete blueprint for action by following Public meetings in it really is an Opportunity to address one of the most serious issues affecting our com Axworthy adding that the task Force will make special efforts to reach out to who will be most gradual warming is expected to wreak havoc Over the next Century on wildlife and forests in Northern As Well As subjecting Farmers to unpredictable droughts and foods and threatening water Levels for Hydro but doer is excited about Manitoba prospects for developing technology to prevent or adapt to climate its not Only environmental but its also economic he pointing to the 10 million tonnes of Green House gases already displaced by Manitoba Hydro conservation minister Oscar Lathlin said implementing an action plan will give Mani Toba credibility on the National lets see what we can do at the Home but Randall Mcquaker of resource conservation Manitoba said the province is play ing British Columbia already has a plan and a commitment to spend million Over three years to reduce greenhouse he was appalled that no grassroots Environ mental groups were included among Manito Bas task Force they Are i Elaine president of anon Irwin train ing i Churchill mayor Mike i Manitoba nurses Union president Maureen i David president of the International Institute for sustainable i Jack associate curator at the Mani Toba museum of Man and i Christine former Vic president of Keystone agricultural i Jim president of the business Council of the province has budgeted for the task including for new 2001 4door Wagon is enhanced seating Power Power privacy Luggage rack and Over 40 Standard safety features 199 delivers m 199delwers delivers delivers m new 2001 Ford 1 explorer sport i new 2001 Ford focus se4door of spi 5speed manual trans air plus cd player and Morel new 2001 Ford Taurus Uudo or automatic Power locks 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