IA 136 (loom Thurs" Nov. 3. 1968.

Gross Notional1 Product Gain ls Predicted

MONTREAL (CPI—A nine-1 man panel oi economists ore dchs Canada's Gross National Product will gain (1% per rent in last. reaching approximately “momma

The Canadian Economic r'o rum was sponsored by the Na. tinnal industrial Contereiice Boardea nonrpmfil. industrial research instirntion

The econnmlsls iiere w it ian Beckett. w \ Beckett? is. aocialnsr William E liai-iland. Canadian Pulp and Paper ,ia- nociation. John D pattisori. lm- nil Limited; lohn W Walter pophin, Sun Lite Company. Forrest ii Ba ot Nma Scnua: ii Smith, 1' Eaton Company. Albert T Sommers. New Yorir branch oi NICE, Gerald D. So!» too. Ncsbitt. Thomson and Com. pany. and xichoias s. Taliacay. Greensliictds incorporated,

The iorurn agrced business activity will be greater next year despite some serious trou-. bl: EDDIE, Including a ml“ of III!- employment not appreciably lower than it has been recently.

Individual iorccasts oi the pain in ND? during i964 ranged

it a f i illiﬂliﬂtil

l BOYS’ WEAR S

7. '“

“I TO

from 2% to six per cent

PREDICT INCREASES e toroin also predicted.

l e Industrial production index it'll“. {Each 200 mas! year 1949 equals l00l. compared will! an Estimated 195 for 1963;

he consumer price index will edge up slowly to 135 iroin 131

a. Unemployment will rise to an annual average oi 5.3 per cent 0! the work loree.agamsl 5.7 per cent in 1963. reﬂecliu‘ the growing inllnw ot young peo- i pic into the labor market.

The H‘momids also lnresaw a sharp expansion of exports tor l 1964. stemming largely [ram l wheat sales to Russia and Im- . provenicnt in overseas maritetn i ior manalactured goods.

The big question mark lot next year is an impending cape Ital investment boom. Panelist: irit Canada is on the threshold ot a major upsurge in capital spending. but diaa greed on whether it will start next year or In 1965

Roy A. Matthews, NICB'S cco- ‘ nonust. sai HIV or 1 the forum‘s tindings that bat-i ance oi payments problems in‘ Canada and the United Slalel‘ are "potential dangers to an DLhPI’WlSP healthy econnmie 5|!- nation "

‘Ev st-viar standards thin has been a prolonged expansion . and on past experience or cycll. 3 cat behavior one might expect that any day nnw we would be i heading into another recession. “However. the present condi- hon oi the Canadian economy— and that ot the United states— supports a dittorent impression. “.Vinsl elements oi the busi-

ness srrne appcar relatively stron: and there is little sign at the excesses and imbalance:

that we have learned to recog- nize as lorerunners of a general economic contraction." said Mr. Matthew:

Alberto Phones Placed On Alert

Emiml‘ov lCI’l e Aiiierta government w I S de alert immediately totloiting the as- sassination oi president Kea- nedy Friday. an AGT niiicial said Wednesdzv. ‘

.i w. mitts. \G'i‘ general manager. Said sintctions lb have the telephone system pre- pared to cope with any enter-t gency came trorn North Ameri- can Air Deiencc headquarters in Cnlnradnr which uses AGT tor deieocc communications.

Several hundred AGT main- unanre tcchnicians throughout the province were notiiied oil the alert and “are told to make 1 their whereabouts known at all ‘ times so they could he called‘

duty r Dodds raid no special lioi lines were required tor the alert because under defence commit meats these special linen Il~ ways are held open,

cryii dcicnce otiicinls in Ed- monton said they were ﬂooded with telephone calls matched the total durinn the Cuban crisis last year.

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no