Ontario Community Newspapers

Waterloo Chronicle (Waterloo, On1868), 3 Aug 1994, p. 11

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Quebec bonds will widen another 10 to 15 basis points which will push them to their highest levels in three years. That‘s when investors should jump in and buy the stuff." ‘ Sounds like a risky investment? Not really. Consider some of the facts. Quebec‘s economy is much stronger than it was two years ago. Recent polls indicate that the majority in Quebec does not favor separatism. So the risk doesn‘t warrant the high interest rates. This is what the investors see and they‘re just out to make a dolâ€" lar. It‘s that simple. Nothing more, nothing less. How did this all happen? You have to admit that Quebec has always had more than its fair ghare of publicity. The rest of Canada is fascinated with our French province, favorably or not. Every time Quebec threatens to separate â€" and the threats have been frequent â€"â€" the rest of Canada overreacts. Quebec then basks in the limelight. ‘Take this election for instance. In the first few days of the camâ€" paign, Le Journal de Montreal, Quebec‘s best selling newspaper, didn‘t even feature the election as a front page story. The Expos and Rwanda had that privilege. I can‘t say the same for Canada‘s English newspapers â€" Quebec took the lead there. Maybe that‘s because there are twice as the campaign. Maybe it‘s also parancia among the English. ‘The attention isn‘t just limited to the media. Let‘s face it â€"â€" the federal government is spending a lot of energy on this election too. Just last week, federal Intergovernmental Affairs Minister, Marcel Masse, announced a trip through Quebec to boost federalâ€" I bet we‘ll soon see a lot of federal ministers defending federalâ€" ism. More Liberal parancia, that‘s all it really is. It‘s a waste of energy that can best be spent elsewhere â€" such as reducing the deficit. That‘s a task the Liberals haven‘t even given the slightest thought to tackling and it‘s about time they started facing reality. Too much emphasis is being put on getting their buddies in Quebec elected. Quebec is not going to leave Canada. The polls don‘t favor sepaâ€" ratism even when it‘s called sovereignty. And you know why it will never happen? Because Quebecers, like all of us, are getting older and revolution is the stuff young folks dream about and do. Canada‘s pension um’flumhbd- ter than revolution. I think the Americans the best idea â€" cash in on the nonsense and make a few bucks. ._But the people making the money aren‘t just the usual group. This time, U.S. investors are getting ready to cash in on the elecâ€" That‘s right. ; Speculation is rife that the Parti Quebecois will win the elecâ€" tion. The next step may be separation and it‘s that thought that‘s making Quebec‘s U.S. denominated bonds look so good. With Quebec threatening separation, the bonds become a risky investment. Risky investments pay higher interest and that‘s exactly what investors want. ; Salomon Brothers, a New York securities firm, is recommendâ€" ing investors buy the"Yankee" bonds. Peter Plaut, a debt analyst with Salomon Brothers claims,"As the political debate heats up over the next few weeks, spreads on Making money out of the Quebec election Quebec‘s having an election and someone‘s making money on (519) 888â€"0688 _ * . If there was ever a year when it made sense to contribuit early to _ â€"13%! An ideal vehicle for RRSPs are Government Guaranteed f . your RRSP, this would have to be one of them. Alide from the usual â€" Strip Bonds. They are bought at a discount to their face value and A > benefit of having your retiement sevings grow taxâ€"free soonet, you _ compound to full value at maturicy. At today‘s interest rates, this â€"â€"â€"""Nd will be abje to lockâ€"in some of the highest interegt.zates af the last * means that your investment will double in as little as eight years and two years. And the csse for doing so is a strong one. With inflation _ triple in tweive years â€" guaranteed if held to maturity. If you‘d like a practically nonâ€"existent, and yields on Govginment of Canada longâ€"term bonds near 9 1/2%, real retums are higher than they were in 1982 when yields were close to 18%, but inflation was nearly Do you have a question about investing your money wisely? Wrise to Brign Vickers clo Waterloo Chronicle, 75 King St. S '-’:..OAUUNIHH s ~ mt vf.:.....,..'................’..... mmu-‘.‘u.uano.-â€"'-oâ€".;.l Elsle and Howard Herrie of Herrie‘s Country Farm Market, have been selling com at their roadside locaâ€" tion for 30 years. WATERLTO CHRONICLE Herrie‘s celebrates 30 years with Habitat for Humanity fundraiser It‘s not just a way of life â€"â€" growing and selling fresh sweet corn and vegetables is the only life for Elsie Herrle, and her husband, Howard, represent four generations of Herrle farmers in Waterloo Region. Neither she or Howard ever lived in the city â€" never had the desire too. After all, when the corn is ready at Herrle‘s Country Farm Market, the city folk come to the country, not only for the corn and fresh vegetaâ€" bles, but to take in a little Waterloo country farming The farm, started in 1858 by Peter Herrle is now run by Howard, and his son, James, while Elsie and her daughter, Joanne and daughterâ€"inâ€"law, Michelle, rum the country store, located on Erb Street, just half a mile outside of Waterloo‘s city limits. In addition to the vegetables on which it has built its reputation, Herrie‘s Country Farm Market also sells bakery prodâ€" ucts such as bread, muffins, pies and Chelsea buns. "The days of just farming are gone," Elsie said. "You need more than just farming to survive in this world." ness in 1964, selling corn out of their garage. In 1988 they built their 2,800â€"squareâ€"foot countryâ€"style store with parking for close to 60 cars. "When we first opened our store there were cars complimentary information package on Strip Bonds, just call me, or my sssistant Tins Gayyin, atour office in Waterloo and we‘ll be happy to put one in theâ€"majl to you today WATERLOO CHRONICLE, WEDNESDAY, AUGUST 3, 1994 â€" PAGE 114 6t oomimend * BLUE CHIP THINKING is a trademark , Box 1000, > of Midiand Walwyn Capital inc. parked all along the side of the road, so we had to expand our parking lot. It‘s funny, but for years we never advertised. Word of mouth was our best adverâ€" tising. We knew of people, who lived here and moved to Toronto, coming back at least twice a year to pick up fresh produce." 15. 4 =miuke ‘The Herrles produce 28 varieties of com in 100 difâ€" ferent growing stages, ensuring a continual supply of corn throughout the summer and fall. "If we have more corn than we need or can sell, then we give it to church groups who will process it for the House of Friendship and the food bank (Food Bank of Waterloo Region)." Last year the Herries decided to open their hearts and wallet to the community by sponsoring an allâ€" youâ€"canâ€"eat corn roast to aid Habitat for Humanity. After raising over $6,000, they decided to make the corn roast an annual event, which this year is slated for August 27. Corn isn‘t the only big seller at the country store, which opens in May and closes in November. A secâ€" tion of the 84â€"acre farm is dedicated to growing pumpâ€" students to the farm to learn about the growing cycle To celebrate 30 years of their everâ€"growing busiâ€" ness, the Herries will be holding a party on August 13th, which includes balloons for the kids, a hay jump and corn maze. HAe ND u5 RLH CARDTE e deigig o. o ces meccmamme=â€"~â€"â€"apn <> ~A 8 LVE CHIP THINKING® «omcediaiab ons i stoat

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