Word: trudeau
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...prolonged U.S. recession and high interest rates (the prime last week: 16.5%) as "the foremost international obstacles" to Canada's economic recovery." The impact of U.S. policy on Canada is indisputable, but many businessmen on both sides of the border also think that Prime Minister Pierre Elliott Trudeau's "Canadianization" program deserves some of the blame. Measures to increase Canadian ownership of the U.S.-dominated oil and gas industries to 50% by 1990 and to ensure that foreign investment projects benefit Canada have had a stultifying effect on business activity and encouraged investment capital to leave Canada. Says...
...obvious overture to disgruntled American investors, MacEachen promised that the Trudeau government would not "press the pace" of nationalization in the energy industry. He also pledged to relax the screening of foreign investors. But MacEachen had little good news for Canadians. He asked workers in public service jobs to accept a cut in wage increases, from 12.2% last year to 6% in this year's new contracts, and in effect raised taxes by limiting a provision that protected taxpayers from inflation-induced "bracket creep." The new budget did offer lower-interest loans to small businessmen and farmers and proposed...
Showing little confidence in the new budget, investors drove stock values on the Toronto Exchange down 44.36 points. The Canadian dollar briefly dipped to an alltime low of 76.80 against the U.S. greenback. Union leaders representing Canada's public servants vowed to fight the new wage guidelines. When Trudeau summoned the premiers of Canada's ten provinces to Ottawa in a bid to sell them his economic plan, they responded by saying they would think about...
...commencement sampler: Canadian Prime Minister Pierre Trudeau at the University of Notre Dame in South Bend, Ind.: "The U.S. has a special role to play in this dangerously disturbed and divided world, a role based on power and the responsible use of power-superpower, to be more precise, and the super responsibilities that go with it. The burden that this places upon Americans is enormous, and it is not surprising that you have known moments of self-doubt and withdrawal. The health and vitality of our system and way of life are, ultimately, in your hands...
Political Cartoonist Garry Trudeau at the College of William and Mary in Williamsburg, Va.: "It is no wonder that you've given up on the culture. With no credible ego models, what's left but to Garry Trudeau flock to your bookstores and buy handbooks on living preppies, dead cats, inert cubes, living cats and dead preppies-the subjects of the five bestselling titles on American campuses last year? These are books for minds at rest. They are also the books favored by the rest of the nation, which suggests that the post-Viet Nam fatigue syndrome...