“Today, I’m not going to talk about my goddam mother. I’m going
to talk about my goddam insurance company.”

FEB. 28 LAST CALL FOR AUTOPLAN! %
All North American manufacturers set
production and sales records in
Canada during 1973. To boot, January oO
1974 sales were also at record highs.
O°" De

Sales of small cars in 1974 to date
take 53% of the market, the first”
time they have ever outsold the
standards. Total car sales are down
25% from last year.

Despite shortages and high prices of
building materials, January saw a large
increase in housing starts. in Canada.
All of the gain was in multiple-unit
dwellings. Reasons? Could be mild
weather, improving supply of materials
due to U.S. housing slump, and continuing
strong demand for apartments and con-
dominiums.

A high Canadian dollar will adversely
affect Canadian manufactured exports
since imported manufactured goods will
be cheaper in our currency. However,
it will favour resource exports since
world demand for metals, fuels and
farm products are too great to be
discouraged by a currency premium.

23.

 

Manufacturers stock up
$billions .
11 |

10

    
    
   

inventories

 

unfilled orders

 

shipments
L

o oJ
72 1973
Seasonally adjusted ”

4

ore

 

 

 

Demand for non-durables
rising faster than deliveries.
Inflation will continue
unabatedly.

Gold, silver, Canadian
dollar all moving up again.

RIP-OFF OR NO FREE LUNCH?

Bell Canada is asking for
rate increases higher than
needed to maintain present
services. The oil companies
want higher product prices,
seemingly unjustified by
present crude costs. Both
industries claim similar
needs: higher future devel-
opment costs which must be
collected now. In the case
of oil, for example, it will
take three times as much
money to develop frontier
oil than conventional oil
reserves.

Pick your own slogan:
or no free lunch?

art iine>

rip-off?