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Money Matters Keep your money in the bank THE HERALD My 1 Page 17 OFFICE MAGIC FOR ALL YOUR OFFICE ft STATIONERY NEEDS St Georgetown Business Analyst Thomson News Service The bad news keeps coming but dont worry Todays statistics tell what happened a month or two ago I still think the will hit bottom this month It may lie there for a while but by fall things should start looking up again The weeks slew of statistics are dismal Canadas hope the appears to be slip ping further into recession The United States buys more than threequarters of our exports Canadian forecasters had been counting on the to pull us out US orders for durable goods plunged in March as demand fell in nearly every major industry Orders for durable goods manufactured goods designed to last three years or more are an important indicator of future out put employment and spending It does not look good GREENSPAN FRETS Alan Greenspan chairman of the Federal Reserve Board the American central bank admitted that the big US economy is still shrinking He chilled markets by continuing to fret about inflation That means he will be reluctant to cut interest rates The Dow Jones industrial average pulled back from its recordsetting push through the mark and bond prices faltered Meanwhile in Canada bankruptcies soared to another record high in March Retail sales continued to tumble As usual Ontario suffered the most Joining the list of corporate deadbeats in Canadas ninth- largest trust company Standard Ltd Federal regulators have stepped in and taken charge of the trust companys money Virtually all deposits are said to be covered by deposit insurance So far there is little hard news to signal that the recession is over House sales have picked up in many parts of the country but this is more of an oddity than an augur The anecdotal evidence revival is more persuasive In Toronto the recessions black hole the mood is quite buoyant Restaurants are full People are rushing about The magnolia 50th Birthday Simon Fraser is a peaceful man so he took It all in stride when his family littered the lawn in front of his chartered accountant office on Main Street with pink flamingos on his birthday Friday Mr Frasers daughter Nikkl and her husband Michael Nawrot came up with the idea which Gloria Danielle Simon and Joanne helped setup Herald photo by Lisa Boons FOR ASSISTANCE WITH ALL TYPES OF MORTGAGE FINANCING RESIDENTIAL AND COMMERCIAL CALL DAVE KRAUSE 8734991 1 I Simon CHARTERED ACCOUNTANT A Phone 132 Main Street South Georgetown Ontario food stores target OPEN 24 HRS 7 DAYS A WEEK 51 GUELPH ST GEORGETOWN trees are about to burst into bloom and all seems well SIGNS OF REBOUND At least one Toronto newspaper is growing fat again with adver tisements Shoppers jostle about in some stores while shunning others The frenzied tone is back in some real estate ads and Sold stickers are appearing on For Sale signs in certain parts of town Still problems persist Ambl ing along Torontos Bloor Street for example one sees empty stores one after another and signs that proclaim Office Space To Rent are everywhere you look Although they have come down a bit rents are still high One is also accosted by beg gars drunks and panhandlers one after another a sign that all is really not well in Canadas largest city The many street musicians are a welcome relief In Ottawa the government is gearing up for a fullfledged assault on what has come to be the Canadian way of life Civil service unions are gearing up for a nationwide strike And Quebec is referendum What to do Keep your money in the bank But make sure it is fully protected by the Canada Deposit Insurance Corp NEW IN TOWN Let Us Put The Mat Out For You ACTON Judy GEORGETOWN Debbie NEW ADDITION Its time to call your Welcome Wagon hostess She will bring congratulations and gills lor the family and the NEW BABY Start collecting your valuable points today Join Municipal Trusts Club Announcing the program that rewards frequent customers ot Municipal Trust Club offers cash bonuses travel credits and discountsbonuses on financial services for those new and existing customers who purchase Municipal Trust products and services Its easy to earn points Just ask at the branch for your copy of the Club coupon book Inside you will find coupons A that are worth valuable Club points when you product or serv from Municipal Trust When you have enough points you can then make your selection from our Club M catalogue which offers you benefits such as travel credits up to 500 cash bonuses up to 200 up to 12 bonus interest on your next investment certificate up to 3 off your next personal loan or a 300 mortgage bonus But dont wail too long to start participating Our Club offer ends August 31 1991 Drop by your Municipal Trust branch for your Club coupon book or if youd like we would be happy to mail you your copy so phone us today Complete terms and conditions for the Club M Frequent Buyers Promotion are available at every Municipal Trust branch municipal trust Member Canada Deposit Insurance Corporation 26 branches across Ontario Over billion in assets GEORGETOWN Main SI S Gary Elliott