The caption
at the top of page of the Toronto Star’s business section of August 1, reads:
''Canadian economy starting to look up.'' Our old friend Stats-Canada waxed
rhapsodic that the GDP expanded 4.5 per cent in May and that June was even
stronger; over all the GDP increased about 10 per cent in the two months, after
falling more than 18 per cent in March and April.
To quote, ''The report
confirms that Canada's economy has experienced a sharp recovery since emerging
from nationwide lockdowns.'' But wait a minute folks, before you reach for the
six-pack, the condoms or whatever else that helps you celebrate, that ain't all
that was on page 3. There were articles on four Canadian companies - the
captions read, ''Air Canada hits rough winds with $1.75B loss”; “Reitman's
future thrown into doubt''; ''David’s Tea reports $45.8 million loss,'' and
though it’s not a company another report states that in Toronto, ''Condo sales
down but prices are up.''
Er...excuse me, I thought every thing was hunky-dorey.
S.P.C.
Members.
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