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Welcome to Wednesday Night #1373 2 July 2008
PLEASE LET US KNOW IF YOU CAN BE WITH US - IT MAKES THE CHAIRMAN'S JOB EASIER
the account of the Last Wednesday Night #1373
This Wednesday we are delighted to feature three brilliant young women: Anne Sophie Coleman, Katleen Félix and Emma Richez.
Katleen, one of Guy Stanley's great students at HEC, returns to Wednesday Night after a very long absence in New York with her young family. Unfortunately, this is a brief return as she, her husband Pascal and children are moving to Brazil, where we understand she will continue her work as Project Manager with Fonkoze - Haiti's Alternative Bank for the Organized Poor - the largest micro-finance institution offering a full range of financial services to the rural-based poor in Haiti.
We have added to our alphabet news
L and N are for Lightfoot and nuclear and the news that AECL and SNC-Lavalin, have signed a memorandum of understanding with Jordan's Atomic Energy Commission designed to help Jordan assess the feasibility of a nuclear power program based on Canada's Enhanced Candu 6 reactor. Good alliance, Douglas and Steven!
Don't forget to watch our websites for breaking news - anything and everything can change by Wednesday evening.
Editor
Sunday 29 June 2008 OTTAWA: CENTRAL BANK PESSIMISTIC
The Bank of Canada has issued an essentially pessimistic quarterly report on the state of the country's economy. The report reversed its previous economic prediction of better times in the present quarter and now forecasts growth of only .3 per cent for the quarter. However, the Bank predicts a rebound of 1.8 in the second half of 2008. The report says that the international credit crisis that began in the U.S. last summer with the turmoil of subprime mortgages will continue for two years, with the result that Canadian businesses and consumers will continue to pay about three-quarters of a percentage point more to borrow. Exports will decline. On the positive side, the Bank predicts that the economy won't lapse into recession because of high commodity prices, strong employment and robust consumer confidence.
LAVAL: PM MORE UPBEAT
Despite the central bank's relative pessimism, Prime Minister Stephen Harper has offered a brighter vision of the country's economic future. Speaking to the Laval Chamber of Commerce, he said that his government's moves to lower income taxes and to reduce the national debt have been crucial to Canada's success in "uncertain economic times." The prime minister concedes that Canada faces challenges from the U.S. economic slump, turbulent credit markets and the drop of the U.S. dollar and acknowledges that economic growth will slow over the next two years.
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Diana & David Nicholson
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