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t ,~& I Corrid4 * Capers The sehool year lias almost vanished., Friday will be the final day for the childreni to attend classes. Not so. for the teacliers; they will spend June 26, 27, 28, 29 and 3th preparing for next term's activities. Tom and Shercen Allen from Johannesburg, South Mrica will spend three wceks with their cousins, Connie and Harry Knox of Kcndalwood Road in Whitby. Wc hope they have an enjoyable visit. OLDE TYME STRAWBERRY SUPPER Ottawa ]Report byNr afik M.Pe THE CANADIAN DOLLAR Much criticism has been raised about the fact that the Canadian Dollar lias been stcadily been going down to a lower level than we have normally been used to. Now there are several factors that we must look at befone we can fully begin to undcrstand the various economic im plicàtions of such an adjustment in our econornic mainstream. One fact that should be kcpt in mmnd is that in no other time than now is economnie inter-dependance betwccn industnializcd countries a big reality, (especially s0 between us and the U.S.A.). Any mýjor fluctuations in their economy, or the Eunopcan economics is felt right here at home. In other words, inflation, devaluation, unemploymcnt and the various other economic strains, are by no means uniquely Canadian. So let us look then closely at our cconomic performance in Canada and really sec how under a Liberal governmcnt, Canada compares wi th some of our major trading partncns in terms of our so called "cheap" dollar, and what that realiy means to the Canadian economy. First, despite the fluctuation of the dollar, it may be well to mention that our currcncy lias shown greater.stability in the last decade than any others. As Margeret Laws of the Financial Post stated, "...It may corne as a surprise to sec that the Canadian Dollar, despite its ups and downs, has had a more stable performance in the 1970's than any other of the wold's major currencies. Funthermore, wc've actually been holding our own better than the U.S.". Over ail the largcst single benefit at this Urne is the fact that a lower Canadian Dollar will restore some of the competitive- ness on the wonld markets that has been lost over the ycars here in Canada. This will offset our poon record to date of higher wages and lowered productivity that lias priccd a lot of Canadian products niglit out of the market, and hurt us in lost dollars. Not oniy will that cause a risc in the sale of Canadian exponts, as now our dollar is worth less in foreign currcncy, making them more attractive in wonld markets, but there wiîî be an additional risc in the sale of oun domcestic goods, here at home. This is flot the only effeet on the domestic scene that the lower Canadian Dollar will have. This year Canada cxpects high rctunns on increaserd tourism to Canada. Tourists wili find it cheaper to travel and holiday in Canada. Tounismn means more dollars spent in Canada on Canadian products and more employmcnt for Canadians to provide these goods and rcquircd serviccs. Now in the arca of job creation, there will be additional opportunities in cmployment, which is a resuit of incrcased commercial activities on vanious fronts. On the export scene increased dcmand in Canadian goods will necessîtate addition- ai employment to meet biglier expert sales. >One effeet of our lower dollar is that importcd goods will be more expensive to consumers. This has positive effects on oun econorny as it will stimulate Canadian industry. Additional ernpioyment will also be stimulated by this increascd demand for Canadian goods. Now if this seems like a rosy picture that lias been painted about the devaluated dollar, I think it's about time we looked on the positive side of things. There are those, particularly in the opposition, who, have been liarping far too often on the negative side of things. in some cases this borders on the irresponsible. The cheaper dollar may be a sign of an ail around improving of the general Canadian economic situation. According to Dr. P.R. Andersen, Director of economics forcasting for Woods, Gordon, and Co., " ... The economy is in the early stages of a or Construction of the hotel and restaurant at Highway 401 and Thickson Road will be furthcr dclaycd until the owners sec what sort of reconstruction will be donc on the Thickson Road inter- change. Construction of the hotel began in 1974 but was halted last year with only two of the proposed six storcys com- plctcd. The owncrs of the hotel, Greater Whitby Properties, are not preparcd to commit the $5 million necessary for its completion, until thcy find oun wliat kind of noad work will be donc in the arcs, said one of the developers. Because of the amount of money involved, a delay 'of several ycars would not worry the developers, said spokesrnan Harry Lipton. The region's planning departmcnt reports that ex- pansion of the Thickson Road-Highway 401 inter- change is alrcady on the provincial government's road program, and is cx- pectcd to begin in the carly, 1980S. .The estimated cost 0f the work is At lcast $2 million, and will include expansion of the Thickson Road overpass from two lanes -fo four. Construction of the hotclf, once started, *would take about nine months to com- -plcte, Mn. Lipton said. SEMB, MADGETT, BOLER & AAR Chartered Accountants W.A.D.Selby ,C.A.,M.C.A.B.V. C.J.Rciberts C.A. B.K.Madgett C.A. A.D.Chapmari C.A. Offices '1 71 King Stre et East, Oshawa 14 8,Walton Street Sheridan'Mail, Pickering R.W.Boler C A. C.W.Marlowe C.A. T.Haar'C.A.' Telephones 379-5531 885-2335 839-0153 WHITOY PENTECOSTAL CHURCHi I 307 WFHTBY N. 668-5228 &668-4611i SUNDAY JUNE 25TH 7:00 P.M. "#THE BELIEVERS QUARTET"# You will enjoy this famous singing famnily fromn 1WESTERNCANADA A HEARTY WELCOME TO ALL A social bain wîi follmow e evioe when'you can nmt the goup and many othe visitors. PLAN TO BE PRIESENT St. Andrews iresbyterian Church, Cochrane Street N. , wilI hold an Olde Tyme StrawberrY Supper on Wednesday'evening, *.June 28 fromn 5 to 7 p.m. Tickets must be p urchased in advarice and may be obtained from Plum -Hollow Books, Brock St. S.9, lIowa's Insurance- Co., Dundas St. W. or by calling Jim Stevenson at 723-5579. DR. ROBT. THIORNTON SOHOOL The Grade VIII gradiuation exereises will be held on Thursday evening, June 22, beginning at 7:30 p.m. Parents and guardians of the graduating students are invited to attend. OFF TO IRELAND Joe and Nan Drumm wilJ depart this week-end for an Ireland vacation. Leave the blarney stone there Joe, our Council already have- sufficient for the remaining term of office. Bon Voyage to the Emerald Isle. OPTIMIST CLUB BICYCLE RODEO For the second consecutive year', Robbie Buchanan of Broadview Avenue, has won the bicycle for 'the best performance- i the 6 to 8 year-old class. Robbie lias a distinct vcovery in which the momentum is s oley attributable to the effect of the cheaper dollar on the merchandise account and the travel balance." WhiIe our battle with inflation and unemployment continues, we must look at ail the facts before making hasty decisions abhout our economy. We have seen a tremendous risc in our ý,1andard of living over the Iast decade, and I think that it's a bout trne we ail became a littie more positive about this very ,) Osperous country of ours. As can be scen not only in <(>mparison with other countries, but on its own menti, the Canadian economie track record under this Liberal govern- ment is one that we can be proud of, Rod'work de'laYshotel GUIDA &'DINO' INSTITUTE 0F' BEAUTY 668-3621 109 BYRON St. S, 668-6031 I Ask us about you Corne and tell us what you're looking for in a job. Tell us what you are today and what you want to be tomorrow. Ask us if we can offer opportunities and challenges to match your needs. No obligations on either side. We'll be glad to talk. And we may have ;ust what you're looking for. But you'il iqever know until you ask. V*isit ~ Mol e Râc l gUni C.udM oelr Centr OSHAWA )sue 21 &. 28, 1M7 10:*00 O.m. m 3:00 p...e cm l îd-l MaeNeil's Uj4holstery IIPROL8TiRYSOMIc ASPECILT e FIE ESTIASEM 'fT Pf YS TO HAVE Y»5 FWINIIW fW-tFf4OSTif£W. BUS R848 E 864M W~ UDA .WHITUY 4 VHIT.BY FREE.PRESS, WEDNESD)AY,. JUNE, 21.1978, PAGE 5 advantage omer other children. He rides his bicycle to school, and our roads are an obstacle course. When you corne to the' first pot hole, youmus 't steer to the left, to the right of the seodhold, do a double wbeelie vr .h third and for 6 kilometers, you drive 'in the diteli (no road). Repeat the procedure until you reach Broadview Avenue, then if you're Iucky you nax'rowly miss a 16 wheel truck that is blocking Mel Whyte's driveway. 'Six more pot holes and Robbie arrives at his driveway safely. Congratulations Robbie. Sure is a nie bike. WESTMINSTER UNITED CHURCH CHURCH PICNIC This Sunday June 25, the Westminster United Church will hold tlîeir annual picnic. Outdoor Service at il1:30 a.m., picnic dinner, drinks provided, games, races, bail game etc. SUMMER SERVICES - begin on July 2 with speakers Gail and Bob Brimbecom. JuIy 9 - Ray Hatter J uIy 16 - Tom Moorcrof t July 2Z - Walter Campbell AIl July Services at 10 arn. Worship at St. Mark's during the month of August. A reception was held followinig last Sunday's service to honour Mn. and Mrs. Mcllwain who will be lcaving and rcturning In England. Grace Brown presented a gift of money to the couple on behaîf of the congregation and Jean Allen, on behaif of the U.C.W. prescnted Mrs. Mcîlwain with a departing gift. Have a good week. Bciated Happy Fathen's day to the dads. M.McEachern TOWN 0F WHITBY GARBAGE COLLECTION JULY 1ST, 1978 DOMINION* DAY Garbage which would normally be picked up on, Friday, June 3th, will be collected on Thursday, June 29th, 1978*. NOTE: There will be No CHANGE IN COLLECTION DAYS for- arcas serviced by Garbage DisposaI Services(GDS). R.A. Kuwahara, P. Eng., Director of Public Works. Custom cuting and shaping for~ women, with einphasis on individuality. Cail for an appointment