= SHOPPERS DRUG NIART SHOWTIME FOR SENIORS THURSDAY OCT. 21986 one of 5 PHILIPS ELECTRIC JUICERS TELEPHONE a FOR SENIORS ONLY details and rules available at participating stores. a 1 Week HOLIDAY for 2 to Delta Court of Flags Hotel in ORLANDO, FLORIDA Approximate value $2,000.00 THE FOLLOWING ITEMS ARE AVAILABLE ON THURS. | sex OCT. 2ND to ALL CUSTOMERS aa 20's Canadian Brand Regular or King Sze TELEPHONE | 360mL 100m Bonus HEAD & SHOULDERS SHAI Regular or Conditioning CARTON CIGARETTES Limit 2 cartons per customer 79%. + deposit BUSINESS Foreign firms hinder exports, study shows OTTAWA (CP) — The government has put out the welcome mat to foreign investors but it’s those same investors — laregly U.S. manufacturers — who once having set up shop in Canada, weaken the country’s trade performance and its economy by being big importers of both goods and services. In contrast, Canadian-controlled firms tend to be bigger exporters than importers of both goods and services. A new study by Statistics Canada into the complex issue of trade in services shows foreign-owned firms import more and export less than Canadian-owned firms. The growing importance of services trade worldwide was reflected in the agreement hammered out last week in Uruguay to include it in the next round of global trade talks ‘Canadian-controlled firms tend to be bigger exporters than importers’ in the hope of working out some ground rules to govern trade relations in that area. For Canada, service exports such as spending by foreign tourists, or business activities such as the provision of consulting services, account for about nine per cent of all exports. Service imports account for about 15 per cent of all imports. The figures do not include investment income. DEFICIT GROWS Canada's deficit in the trade in services, again excluding investment income, grew to $4.4 billion in 1984 from $400 million in 1986, Statistics Canada said in the study which shows travel and business services are by far the largest contributors to that deficit. And payments for and ative service imports — produced a deficit of $1.7 billion in 1984, accounting for about three quarters of the total deficit on business services, the agency said. A 1980 study by Statistics Canada found that foreign- controlled firms accounted for about two thirds of total Canadian merchandise imports in 1980. That study, which showed that foreign-owned firms imported about five times more than Canadian-controlled firms, prompted the former Liberal government to call on foreign firms to increase their purchases of Canadian goods. And the Liberal government used the study to defend the need for the Foreign Investment Review Agency, an agency which scrutinized-foreign investment plans but which has since been abolished by the Tory government and replaced with the foreign investment promotion agency, Investment Canada. ABOLISHES AGENCY The Conservative government made the abolition of the agency and the throwing out of the welcome mat to foreign investors one of its first major undertakings after taking office. While service trade is less visible than merchandise trade, the impact on the economy is the same. Imports or payments for services result in a flow of capital out of the country, weakening the economy while receipts for services, that is exports, produce an inflow of capital which strengthens the economy A breakdown of the business services trade in 1984 shows that Canadian-controlied firms earned $3.06 billion in receipts from business services, $709 million more than they paid out for service imports. In contrast, U.S.-controlled companies exported $1.09 billion in services, $2.48 billion less than they imported, and services, royalties, trademarks and patents — in effec! other foreig rolled exported $337 million in services, $414 million less than they imported. in the World Business Showcase at Canada ... Angela Price, former manager of display d/Red in Busi iati Place, all part of Expo 86. information at the Venture Inland B.C. ‘LOW OIL PRICE KEEPS LID ON INFLATION OTTAWA (CP) — Low world prices for oil and grain two key Canadian commodities — are keeping the lid on inflation in Canada, figures released Tuesday by Statistics Canada indicate. Because of soft prices for crude oil and vegetable products, the raw materials price index declined between July and August by 0.1 per cent to 90.8, the government agency said. The index, which measures the price producers pay for raw materials, not stands 20.7 per cent lower than its August 1985 level While the consumer price index is the most widely used measure of inflation, the raw materials index and its counterpart, the industrial product price index, indicate price changes further up the line of production. With some lag, those changes eventually are reflected in the price consumers pay In August, the consumer price index rose 4.3 per cent compared with the same month a year earlier. The raw material price index was 20.7 per cent lower than its August 1985 level and the industrial price index was 0.6 per cent higher Of the seven components which make up the raw materials index, three registered decreases during the month, two increased and two showed no change. INDEX FALLS Lower prices for grains caused the vegetable products index to fall 2.9 per cent; low crude oil prices sent the mineral fuels index down 1.5 per cent. The latter now stands 45.1 per cent below its August 1985 level The non-ferrous metals component fell 0.1 per cent during the month The industrial product price index, which measures trends in the price producers receive for their products, rose 0.3 per cent between July and August to 119.1, Statistics Canada said. Higher prices for meat, lumber, woodpulp, news print and motor vehicles put upward pressure on the index. However, this pressure was moderated by a decline in prices of oil and coa! products. Compared with the same month a year ago, the index was up 0.6 per cent, the government agency said. But if the petroleum and coal products component is excluded, the increase would be 4.2 per cent A breakdown of the index by commodity type shows increases in every component, except oil and coal products, which is 25.6 per cent lower than in August 1985. Reebok winner in battle for market TORONTO (CP) There By December-January are some big winners Star-Kist sales had fallen to Reebok athletic shoes — and between 14 per cent and 15 some big losers Star-Kist per cent of the market tuna — in the on-going battle The new leader in the for market share, figures canned tuna market is British compiled by the Financial Columbia Packers Ltd., of Times indicate. Vancouver, whose Clover StarKist| Canada Ine.’s Leaf brand name has jumped two brands eeeeeee0e202808088808086 80 6 @ eeeoeoeoev0e0e0e20e2028080808080 Bye the Sea — have plunged to as low as 1.3 per cent of the market during April and May of this year, The Times reported in its second annual report on market share Two years ago Star Kist brands led the market with a commanding 37 per cent share, The Times said. But the controversy last Septem ber over rancid tuna from its plant in New Brunswick decimated sales Star Kist and to 45 per cent from 25 per cent in 1985 Among the market share gainers in the last year were Reebok International Ltd. of Massachusetts in the $341 million Canadian athletic shoe market with the in. dustry’s first soft-leather Reebok rapidly gained 3.8 per cent of the market and is threat ening to displace leader Nike Inc. which has 12.1 per cent of the market aerobics shoe OCTOBER 3 & 4, 1986 GOODZVEAR EAGLE M +S Winter ‘‘Performance”’ Radial cnot WAT Bones me OUTLINED Prosron:e ow. 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