10 - Sunday, June 10, 1990 - North Shore News

inquiring
reporter
Patrick Raynard

___ Because..

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CANADA’S ECONOMY: Where is it going? The signals
are mixed, but trends show that the boom of the 1980s is
running out of steam. Are we blundering into a recession,
or just a mild slowdown? Stock markets have been jittery
for two years now, and the Meech Lake ‘‘crisis’’ has hurt
the Canadian dotlar on world money markets. Interest
rates have climbed to their highest level in eight years,

after home prices in the Lower Mainland have already

es = Bil! Seward

North Vancouver
Whether or not there’s a
recession depends on the
government, but they're
so busy fighting about
Meech Lake that they’ve
forgotten everything else.
All I know is that
everything is going up.

it
Lynn VaLiey Centre

Noreen Holt

North Vancouver

The economy is faltering.
The trends are already
there. There's a slowing
down in investment. And
the GST will hasten the
recession.

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Irene Field
North Vancouver

Times will get worse.
Prices keep going up, and
so do the interest rates.
The GST has already
gone through, but like
good Canadians we will
just accept it.

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confidence has sunk to

Sea Haul
Fiake Light

Bill Heyman
North Vancouver
lc’s all political. The fed-

eral government is ar-
tificially pushing up in-
terest rates to get citizens
to agree to Meech Lake.
And the GST will harm
the economy terribly. I
plan to vote for the
Reform Party.

shut most first-time buyers out of the market. Last week,
the Conference Board of Canada reported that business
its lowest level since 1933.
Statistics Canada reports that the economy grew only .02
per cent in the first quarter of 1990, down from .08 per
cent in the final quarter of 1989. Inquiring Reporter asks
people how they feel about Canada’s economic prospects.

What is happening to Canada’s economy?

Jim O’Connor

North Vancouver

It's going down the drain.
It’s so wrong that a
North Van shipyard gets
clased down while the
government buys ferries
from another country.
And pensions are dwindi-
ing, so seniors have to dip
more and more into sav-
ings.

SUNDAY, JUNE 10

to SATURDAY

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