Word: bank
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Dates: during 1950-1959
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Cross Purposes. Unsure of the economic future, the Bank of Canada and the federal government seemed to be working at cross purposes. The bank, striving mightily to control inflation by classical methods, put a squeeze on the money supply that drove the commercial banks' prime interest rate to 5¼% (v. 4½% in New York). But the newly elected Tory government, worried about sagging housebuilding and rising unemployment, poured $150 million into new residential mortgage loans, hoped that the resulting construction would help keep unemployment next winter from exceeding the postwar high of 400,000 reached in March...
...Study the possibility of a Latin American Bank...
...Canada's durable boom? Although 6,000,000 Canadians, more than ever before, have jobs, and the gross national product seems sure this year to edge over 1956's record, some soft spots are appearing in an economy that is closely tied to the U.S. Cautioned the Bank of Nova Scotia: "The upward trend of Canadian business has in recent months been tapering...
Said New York's First National City Bank: "Such is the importance of the auto industry, not only as an employer of labor and a consumer of materials, but also as a barometer of the spending mood of the American people, that a successful reception of the 1958 models would have a powerful tonic effect upon the whole economy...
...World War II artillery captain in the Pacific, Prince wrote: that he wanted to adopt him and change, his name, so that a member of his family could carry on. Billy accepted, took over an empire that included the, Chicago Union Stock Yards. Chicago Junction Railway, Live Stock National Bank. Stock Yard Inn. International Amphitheater, and stock interests in Armour and other companies. But when Cousin Fred died at 93 in 1953, he did not leave Billy a cent in cash. Instead, he turned over his estate* (annual net before taxes: above $5.000,000) to Billy...