Gloom in Ottawa
NZPA-Reuter Ottawa The pre-election Budget of the Canadian Finance Minister (Mr Jean Chretien) fell flat yesterday as the Government disclosed that the unemployment rate was climbing. Mr Chretien announced to a nationally-televised session a Parliament a Budget of $Can46,9OOM, featuring a $CanBOOM temporary salestax cut to boost consumer spending and breathe new life into the faltering economy.
But the conservative Budget failed to impress foreign-exchange markets, where the Canadian dollar settled to a new low and was trading at USB7.4c.
The Budget caused an upraor among workers’ representatives, the 2.2 millionmember Canadian Labour Congress condemning it as “a cynical election ploy designed to do more for Liberal Party election fortunes than for the one million unemployed who were counting on some real measures to get the economy moving again.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19780413.2.85
Bibliographic details
Press, 13 April 1978, Page 9
Word Count
132Gloom in Ottawa Press, 13 April 1978, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in