cael Sr re oo C8 - Sunday, September 4, 1983 - North Shore News MARKET ANALYSIS CANADA THE DEMAND for credit continues to: be weak, at least for -general loans. General. loans..were up by $85 million during the last reporting week, but this was almost entirely on the “personal rather than the Business loans side. ' Year-over-year, general ‘loans outstanding are $11 billion less than they were a year, ago, .which is a large number, g in mind that the total of general ‘Joans” ‘outstanding is just under $113 billion. On the other hand, the Bankers’ Acceptances outstanding “continue .to climb and are “now $2.795 billion. higher ‘than a year ago,-which is a ‘particularly large number in ‘the context of Bankers’ _-Acceptances.. outstanding at ‘about $15 billion: ‘There is “mot much likelihood: of the “prime rate going up in .Canada against this back- -ground. There has been a marked improvement in the tone of fixed income securities in North America, particularly. . in the United States: This. back: to market “goes recognition of economic numbers coming “out of the United States, and in ‘particular’ the recent ‘numbers for retail trade and for new-orders for durable »goods, which have. pointed, some “even .on a very short term basis, ‘to some slowing down “inthe rate of growth of the: TUES.-WED. -business on August 18, - Current Meanwhile, ‘the Canadian dollar has been improving in value. At the close of my: was at ‘USS$0.8101 vifereas a week later it was $0.8127. Wednesday, August 24, it rose.to $0.8135 at the middle of the day. There is some evidence: that the authorities intervened in foreign ex- change markets to cool off this improvement in the Canadian dollar. Some. of this improvement is Simply the familiar “mirror image” effect, resulting from some. sligh ght falling’ away in the — value of the United States dollar; but;,: on ‘balance, this steadiness of. ‘the Canadian dollar in relation to the still very-strong United States dollar’ Taust have agooddeal _ to ‘do: with: the | robust merchandise. ‘trade position. in Canada, pointing to another year where the account position should show a_ healthy surplus. Moreover, inflation has been coming down in Canada so that the level is only about half what it was a year ago. As for the Canadian ecomony itself, the con- sumer price index for July — showed a ‘seasonally ad- justed monthly increase of : 0.5%, much better than the - increase of 0.9% in June but not as good as the decrease of 0.1%. in:May. Year-over- year, the increase. jas been : 94%: int May; 5.6% in June; 5 VERY SPECIAL SPECIALS “PENCILS CRAYONS feg. 6.99 PENCILS CASES Choose from our entire selection rag. to 2.77 VALUE PACK 5 Bic ic Pens in all 1.47 - 88¢ 6-PACK OF PENCILS HB lead, non-toxic reg. 99¢ “Laurentian”, 24-pack - WAYNE GRETZKY 21127 On points to some levelling out in the rate of inflation. Now that it is down to the 5.5% | level.as opposed to 10.8% a year-ago, -we must ask ourselves how much further the inflation rate is likely to fall. Although there are those who say that the in- flation rate is likely to fall to 4.5% or thereabouts in 1984, there are probably not many takers for this proposition. We ourselves believe that the inflation rate will move up to something. like an average of 7% or so in 1984. regards deed welcome. oe _- family units from -13.50%' to" But in the..meantime, the i = cis mot: rising ‘but inflationary « {pressures has © ‘been very marked and in- UNITED STATES To be sure, interest rates at the short-end eased during the week,’at least: until the advent of ‘matched sales: The cost of funds to ‘the banks has fallen by 34 basis points in the last two weeks and the threat of a further increase in the prime rate, probably before Congress reassembles after Labor Day, has gone away. The Federal Housing Ad- ministration has dropped its mortgage rates for single 13%. The demand for credit “iss instead Standing -still.’*During this reporting week, bank loans, Bankers’. Acceptances and Established 1965 ° CLASSICAL BALLET ° JAZZ ¢ MODERN BALLET ° PRESCHOOL _CREATIVE ~@ AEROBICS e TEEN STRETCH & MOVEMENT the © commercial paper holdings were reduced by $1.656 million,. casting some doubt on the continuing strength of the economic recovery. Interest rates should edge down further and could fall appreciably if we were to get some further weak economic numbers. But we are not | You. {you wish to-get your Grade 10. You To improve your reading, writing, spelling or WHEN? Jol Any Time! September classes start week of Sept. 6 & WHERE? Queen Mary Commun. School _ Mon-Thurs 8:30-Noon 230 West Keith Road. Mon-Thurs 12:30-4:00 North Vancouver Mon & Wed 6:30-9:00 OR North Star Elem. Schoo! Mon-Thurs 8:30-Noon 370 West Kings Road Tues & Th. 6:30-9:00 . _ NorthVancouver: - WHAT? English, Social Studies, "Mathematics, Sctence HOW $50 per month, momings MUCH? $50 per month, afternoons HOW DO Sign I START? Registration and information at: Adult & Community Education Department North Vancouver School’ Board 721 Chesterfield A: North Vancouver or reall 985-8741 NEW - Student Assistant nt Program Available likely to get a repetition of the dramatic fall in interest rates of a year ago and the short term course of interest rates is likely to be a somewhat tedious affair. This weekly column: Is resented by R. Dave Evans of ominion urities Ames in Vancouver. ADULT & COMMUNITY pe | f_EDUCATION SERVICES TUES-WED. VERY SPECIAL SPECIALS SHOP EARLY QUANTITIES L. peepee ar IMITED TUES. & WED. September 6-7. “TUESDAY 9.30 AM- 11:00 AMDOOR CRASHERS _ ‘MULTE-PURPOSE ’ WIDE MOUTH LADIES 3-PACK LAMP CANNING JARS SPORT SOCKS ideal for desktop Box of 12 - 1 litre jars Pompom or cuff styles reg. 17.99 1 a reg. 7.20 4° reg. 3.29 a _ “LIMIT 1 PER CUSTOMER LIMIT 4 PER CUSTOMER LIMIT 4 PER CUSTOMER WEDNESDAY 9:30 AM-11:00 AM DOOR CRASHERS EXERCISE BOYS 3-PACK IVORY atonpec a SPORT HOSE 2-PACK SOAP ape irs, sz. 7-10% 2 tamily size bara sop. 90¢ D1127 | ees B87 lvoe OTF LIMIT 4 PACKS PER CUSTOMER LIMIT 4 PER CUSTOMER LIMIT 3 PER CUSTOMER ‘Onty You'll Know How Little You Paid" EC) westlynn mall * es | 1175 LYNN VALLEY ROAD Take Charge With NORTH VANCOUVER 980-9341 Your Zetters [MRE NO RAINCHECKS Credit Account " SKILLET RESTAURANT COIL BOUND NOTEBOOKS Various cover designs reg. 1.29 2112" 3-RING BINDERS pack of 3 - 1” binders 5.97 value GEOMETRY SETS 8-plece math sets reg. 2.99 17” 3-DECKER CLUBHOUSE SANDWICH 3? includes free beverage