———

R\Ts

 

“Phat ones one hundred bucks with the curse exorcised,

or seventy: five as is?

TRENDS
© The Canadian dollar is close to
$1.03. This is partly due
to U.S. funds flowing into Cana-

da for investment at higher in-
terest rates than the U.S. prime
rate of 8.75%. On the Vancouver
scene a 60 day term deposit pays
8.5% in Canadian funds; only 7.5%
in U.S. funds.

If you converted your Canadian to
U.S. funds, you could pick up

about 3% capital gain; lose nearly
1% interest on deposits and final-

ly have to find some way to spend
your U.S. money without reconver-
ting. There's no angle, except
the hope that the Bank of Canada
will lower the prime rate to keep
Our dollar from soaring.

INFLATION

U.S. gasoline prices rose
last week an average in-
crease of 6¢ per gallon.
B.C. prices will rise
about 6¢ on April 1. Two
thirds of U.S. citizens
live within 300 miles of
our border (new unit of
distance = 1 tankful), so

 

 

OF BUSINESS

 

The price of —
$U.S.per ounce
160}-

150

   
 

140
130
120
110
100

90;
- Nov.

 

Dec. | Jan. ae

1973 1974
Prices at Friday afternoon fixings inLondon|

 

 

Gold price on Monday, March 4
was priced at $167 per ounce.
Gold future contracts (sale
price of gold a year from now,
for instance) is over $200.
This unofficial market is now
unstable; a relatively small
increase in the official >rice
could tumble this market. Watch
Out fer crocks selling futures
contracts privately.

© Baker's associations are
asking fur < 4'tent rise in
bread loat prices now and
publicly tal ing of a spring
price cf“ b. thie triehten=
ing fore_ast is based on the
rise of wheat prices from $2

expect booming teurist bus- to $6 per bushel in the last

iness this summer.

Food prices went up —-:"

in 1973, the highest an-
nual rate ever recoru-.
in Britain. This was

key issue in the fai:ure
of the Conservative pi.ty
in the recent (indevisive)
election.

32.

18 months. Not explained is
the fact tha: 85% of bread cost
is ~rscessing and marketing
ost; onl 152 ds) due bo Farm
Value. Wneit would have wo ge
to $33 per bushel to juscify

SL LeShs

~c | LWERARY
poucias ©

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