For the time being, President Bush and Paul O'Neill, the secretary of the Treasury, should sit back and allow economic trends to influence the currency's position.
www.nytimes.com/2001/07/30/opinion/30MON2.html?todaysheadlines
N E W Y O R K, July 27 — Through the dot-com quagmire, through hundreds of down-sizings, thousands of layoffs and report after report of abysmal economic news, one thing has kept the U.S. economy from slipping into recession: The consumer. abcnews.go.com/sections/business/DailyNews/economy_gdp_010727.html
Fri 7/27/01 7:00 PM U.S. ECONOMY POSTS SLOWEST GDP GROWTH SINCE 1993
The United States economy in the second quarter turned in its worst
performance in eight years as businesses dramatically slashed spending
and inventories.
cbc.ca/cgi-bin/view?/news/2001/07/27/USeconomy_010727
Tue 7/24/01 1:43 PM Bookmark: One-click access to world stock exchanges
Worldmicrocap.com links you to ALL the world's stock exchanges and regulatory agencies -- a true one-stop source for blue chips, mid-caps, and small-cap stocks across the globe. Whether you want details on a brash young US tech company, or are looking for the Asian version of Wal-Mart, worldmicrocap.com links you to the inside sources you need. The global hunt for profits starts here
Mon 7/23/01 7:00 PM POVERTY RATE INFLATED, SAYS FRASER INSTITUTE REPORT
The rate of poverty in Canada is much lower than most people realize,
says a report released on Monday by the Fraser Institute. cbc.ca/cgi-bin/view?/news/2001/07/23/poverty010723
July 18, 2001 C-MAC an attractive target
C-MAC an attractive target EMS manufacturer would likely fetch healthy premium Paul Haavardsrud Financial PostAndre Forget, National Post Dennis Wood, C-MAC [CMS/TSE] chief executive. His company boasts the highest gross margins in the EMS industry. When it comes to electronics manufacturing outsour Chart T-CMS
Fri 7/20/01 7:00 PM MERRILL LYNCH SETTLES CASE AGAINST BLODGET
Merrill Lynch and Co. Inc. paid $400,000 US to settle a lawsuit from a
New York man who said he lost thousands after buying tech stocks
recommended by high-profile analyst Henry Blodget.
cbc.ca/cgi-bin/view?/news/2001/07/20/merrill_010720
Fri 7/20/01 7:00 PM PRICES GOING UP BUT NOT AS FAST
The inflation figures are out for June and the consumer price index is
up by 3.3 per cent compared to June of last year.
cbc.ca/cgi-bin/view?/news/2001/07/20/cpi_010720
Thu 7/19/01 8:27 AM Rethinking poverty
By: HUGH SEGAL
The recent relative reduction in rank for Canada in the UN Quality of Life Index might well have been more about progress elsewhere than setbacks or decline here. But the fact that measures of poverty were part of the UN's analytical conclusion should invite a fresh consideration of how we deal with poverty in this most wealthy of countries.
Post-war progress on everything from pensions to health insurance to student loans and the recent child-tax credit imply that as a country we have shown continued interest in assessing how we are doing and seeking to address what needs fixing. The agenda has been activist - both from the right and the left, and the pendulum has not always swung in the same direction on the generosity scale. But whatever one's bias, it is time for a fresh look.
See the W-N MoneyNotes Archives July 2001 to 2000
News: cbc.ca/search/
Tue 3/13/01 7:07 AM Buffett: beware of birdless bushes
By: JAY BRYAN
More in sorrow than in anger, the most successful investor in the world has reminded the victims of the stock market's meltdown that their wounds, while certainly painful, were the predictable result of speculative greed, helped along by a shamelessly irresponsible investment industry.
The chairman of Berkshire Hathaway Inc., Warren Buffett, in the latest of his celebrated annual reports to shareholders, casts the usual pitiless eye over his own company, but this year adds some acid comments on the hysteria in technology stocks that swept up investors all over North America. ..smart man in about 600 BC, when Aesop noted that a bird in the hand is worth two in the bush. "What actually occurs in these cases is wealth transfer, often on a massive scale. By shamelessly merchandising birdless bushes, promoters have in recent years moved billions of dollars from the pockets of the public to their own purses (and to those of their friends and associates). The fact is that a bubble market has allowed the creation of bubble companies, entities designed more with an eye to making money off investors rather than for them." [please note that Wednesday-Night predicted the slide and told you to short Nortel at $84us see T-NT DTN]
Thursday January 25, 2001 Presentation to the Swiss-Canadian Chamber of Commerce,
by Rolf Spielmann SrVP Interinvest Inc.)
25/Jan/2001 TAX CUTS COULD DO U.S. ECONOMY GOOD: CHAIRMAN GREENSPAN
U.S. Federal Reserve Chairman Alan Greenspan has given his influential
thumbs-up to U.S. President George Bush's plan to cut taxes. During
testimony in front of the U.S. Senate Budget Committee, Greenspan, who
has long advocated using surpluses to pay down debt instead of tax cuts,
said Thursday that cuts could do "noticeable good".
16/Jan/2001 Recession? Many analysts don't buy it
By: JAY BRYAN The Gazette
Boy, that might have been the shortest recession in history. Cancel the order for canned goods and survival gear.
We refer, of course, to the dire news that arrived just last week from two of the leading voices in the economics trade, Stephen Roach of New York's Morgan Stanley and Jeffrey Rubin of Toronto's CIBC World Markets.
Perhaps most noteworthy, the International Bank Credit Analyst, a Montreal publication not known for irrational exuberance, says the unreasoning optimism of last year has given way to unreasoning pessimism, creating attractive opportunities for investors to tiptoe back into many global stock markets, with the U.S. and Canada likely to outperform most others.
Since the Bank Credit Analyst stable of publications has spent the past two years warning investors (correctly) about the dangers of inflated stock prices, particularly in the U.S, this shift toward optimism will carry substantial weight among conservative investors.
12 January 2001 METAL BULLETIN PLC
PROPOSED ACQUISITION OF BCA PUBLICATIONS LIMITED FOR £31.72 MILLION TO STRENGTHEN FINANCIAL INFORMATION DIVISION ...to acquire BCA Publications Limited (“BCA” Bank Credit Analyst), a private Canadian company, for a maximum cash consideration of C$70.81 million (£31.72 million) payable in instalments over five years... In the year ended 31 December 1999, BCA made a profit before taxation of C$5.6 million (£2.5 million) on turnover of C$17.6 million (£7.9 million). Net assets at that date amounted to C$3.2 million (£1.4 million). www.metalbulletin.plc.uk/finance12.htm
13/Jan/2001 HyperSecur cracks
By: DON MACDONALD
HyperSecur Corp., a startup technology company founded in Montreal, said this week it's suspending operations because of a lack of working capital, an announcement that comes in the wake of a spectacular collapse in the company's share price that wiped out more than $320 million U.S. in stock-market value this year.
Former Montreal mayor Jean Dore was a HyperSecur vice-president until last month when the company was forced to lay off its staff and close its Montreal office. or see Jean Doré Wed Night 847 May 27, 1998
13/Jan/2001 Gas site prepares complaint pipeline
By: MIKE KING
With each price increase at the gasoline pump, interest grows in a Web site known as Gas is Essential.
Now operators of the Quebec-based site are preparing to open a pipeline to the Federal Competition Bureau in Ottawa.
![[Version en français]](http://www.wednesday-night.com/images/fr.gif)
for Westmount
esso sherbrooke/grovesnors 78.4¢ [13-1-2001] vs Ultramar 5107 Sherbrooke O/ Grey 71.1¢ [20-12-2000] or downtown Montreal 69.9¢ [13-1-2001] ...An average of 1,500 people a day visit www.abacom.com/essence to hunt for the best bargains at the pumps, vote for the oil company they want to boycott.
13/Jan/2001 Bougie quit Alcan to get off 'the treadmill'
By: JAN RAVENSBERGEN The Gazette
Performing the top job at a huge company is like running full-speed on a treadmill without an off switch, Jacques Bougie (53) declared yesterday.
Following more than seven years as president and chief executive officer, or CEO, at one of the largest Montreal-based multinationals, the 53-year-old Bougie said he has "nothing to prove to anybody else any more" and now wants to take the time to smell the roses. ...absence of a clear succession plan there and helped chop $694 million from the metal giant's stock-market value. ...was paid Bougie $3.4 million in 1999 - almost $10,000 a day. ...The heft of his severance package "is a question to be answered by the board of directors in due time," he said.
[Overheard 'the board made a mistake when he was made CEO. The stock holders and AL staff are glad he is gone. The severance package should be his paying back a lot of what he lost!' DTN] see the T-Al chart
12/Jan/2001 Investors dump Alcan
By: JAN RAVENSBERGEN
Shareholders of Alcan Aluminium Ltd. yesterday punished the
Montreal-based company for its suddenly visible absence of a clear succession plan.
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January 8, 2001 22 countries qualify for HIPC assistance; Brau on Treasurer's Department; economic issues in sub-Saharan Africa; China quota increase; statistical quality; price subsidy reform; Argentine program; SDR currency basket; and new economy issues.
see for Year 2000 Time Line
30/Nov/2000 Stock meltdown might not portend economic one
By: JAY BRYAN The Gazette
The stock market is starting to look a little scary, and the latest news from the larger economy doesn't seem to offer much solace. Nevertheless, there are more than a few analysts who believe that all will end well.
How can this be? After all, the Nasdaq high-tech index has fallen more than 45 per cent from its peak in March.
30/Nov/2000 CANADIAN GDP GROWS AT TWICE THE RATE OF U.S.
Statistics Canada reported third-quarter growth of 4.8 per cent,
compounded annually. That's double the U.S. rate of 2.4 per cent
announced Wednesday. FULL STORY
30/Nov/2000 U.S. GROWTH RATE SLOWEST IN FOUR YEARS
The American economy is slowing down according to figures released
Wednesday by the U.S. Commerce Department. From the July-to-September
period, the annual growth rate was just 2.4 per cent, the lowest rate in
four years.FULL STORY
16/Nov/2000 Brain gain
By: SARAH DOUGHERTY The Gazette
Eight years ago, tired of Montreal and ready for a change, Michael Gaug took up an offer to do a stint at his employer's office in sunny California.
An engineering project manager for Spar Aerospace Ltd., Gaug oversaw a satellite contract in the original high-tech mecca of the U.S. - Silicon Valley.
Benard Landry & JAY BRYAN on
The Mosel Vitelic Inc. Taiwanese Memory Chip Plant?
$3-billion factory 1,500 jobs and 6,500 indirect jobs
But what if, in the next down draft, they fail... is the risk too hig
9/Nov/2000 CANADIAN ECONOMY EXPECTED TO GROW BY 5% IN 2000
According to the Bank of Canada, the booming Canadian economy will grow
by as much as 5 per cent this year, more than just about anyone had
expected.
16/Nov/2000
Pease note our sell on Nortel NT September 6th at $84us see chart
Tue Oct 31 2000
Canada's gross domestic product grew by 0.4 per cent in August, higher
than the 0.3 per cent that analysts were expecting.
Money Notes Archives
STEPHEN JARISLOWSKY
The worm has turned. Reality, to the extent that stock-market emotions
permit, has briefly returned.
The high-tech bubble is gradually coming apart. First, it was the demise of
the dot-coms - San Francisco entrepreneurs are joining the ranks of the
unemployed. Next to fall was the computer industry, and now, it is extending
more and more to the whole sector..
or Please phone (541) 934-0023 
Please e-mail us your thoughts. 
MoneyNotesJul02.htm
MoneyNotes.asp
he prices that American consumers paid for goods and services fell in July at the steepest rate in 15 years as gasoline prices plummeted, the Labor Department said yesterday.
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