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12 Orono Weekly Times Wednesday May 10, 5000 HILL ALEX SHEPHERD It was with some disappointment disappointment that I learned of the retirement of Gordon Thiessen, Governor of the Bank of Canada for the last . seven years. As chair of the government's government's economic caucus I had him out to speak with IVIPs on many occasions. I know most members of parliament, regardless of their political affiliation, had the utmost respect for him. Born in South Porcupine, Ontario, Mr. Thiessen grew up from humble beginnings in various communities throughout throughout Saskatchewan. I believe his background and upbringing contributed to his deeply held view that monetary policy had a huge impact on the person on the street and government should always be aware of that. Under his supervision the Canadian economy witnessed one of the most prolonged- periods of economic expansion expansion in our history. Mr. Thiessen" s goal was, and with regard to the band he led still remains, to keep inflation in a narrow band of between one and three percent. percent. Many of us can remember interest rates of over 21 percent percent in the not-to-distant past. The central bank is not entirely entirely responsible for inflation, but, governments coming 1 to their senses, coupled with the policies of the central bank under Thiessen's leadership, have given us economic progress and stability. Mr. Thiessen managed a prolonged period, which still exists, where interest rates are lower than those in the ITS. This isn't great if you are an investor but it is good if you want to do business in the 1 U.S., expand your company and create jobs. Mr. Thiessen was a great believer in the independence of Canada's economy. He saw excess capacity in our econo 7 my and therefore believed we could maintain an expansive economic policy without creating creating inflation. He argued the Americans already hit their industrial capacity ceiling. If they expanded they would run the risk of price increases, which leads to inflation. This in a small way illustrates, illustrates, why he was a strong advocate of Canada maintaining maintaining its own currency and independent independent monetary policy. For the life of me I don't understand why some news observers would question the need or appropriateness of this opinion he held. A quick recollection of the Asian crisis, which resulted in a reduction in our commodity exports, teaches the importance importance of being able to put our individual monetary policy in place. Of course the U,S. is less reliant on commodities than is Canada so a monetary policy set in Washington would have caused greater hardship for resource-dependent areas of our country. This is why many others and 1 are fierce defenders of an independent currency and monetary policy for Canada. The downside? Well is that if you venture outside of our borders it doesn't take long before you realize the dollar is low vis-à-vis other western currencies. But these are the kinds of choices governments have to make. We all understand that most foreign travel is discretionary discretionary and tropical fruit is a small part of our grocery bill. What Canadians need is increased production that means more jobs, consumer spending and confidence in our future. All politicians want to take responsibility for job growth, ; low unemployment and low interest rates. But a large portion of this is due to the dedication of an unelected official, G.ordon Thiessen-, Governor of the Bank of Canada. ' He will be sadly missed. Loyal Printing Main St. Orono 983-5301 Principal's Message life is busy in Newtonyille, In April a number of our junior students participated in an area Broom ball Tournament. held at the Orono Arena. Our students displayed excellent manners and sportsmanship. The girls took first place and the boys placed third. Turn out and participation in all practices was exemplary, ' Congratulations to the coaches Peter Scanlon and Nancy Forrest and to the following following students: Mike S., Johanna M., Adair R, "Michelle S.. Greg H.. Amy S., Mike T., Kristi-Lyn M„ Elliott S., Teresa G., Dustin A., Amanda Q., Adam F„, Aisiinn G., Mike V., Krista M., ■ Jonathan M., Nicole B,, Kyle M., Christie B„, Frank D., Brianna M„ Waide B., Rachel B. Many thanks to all who participated In the school ham dinner. The dinner was enjoyed by all students and staff. A special thanks to the following people that came in to cook and serve the meal: Sharon Blake, Sharon Steele, Denise Bryan, Denise Cairns, Megie Savage, Judy Metcalf, Debbie Dunham, Kim Deyell, Jean Harness, Tracy Leca, Donna Adams and Ruth Forget. Thanks as well to, those who sent in desserts. They were delicious. The primary students are progressing well in the swim program. The days for the grade 3 and grade 6 testing are noted on the school calendar. Please try not to book appointments during that time. On June 8th, 2000 we will be holding our last school council meeting of the year. We will be holding elections at that time so if you are Interested in being a part of - the school council or know of someone who is, please send in a nomination form and/or plan to attend the June 8, 2000 meeting/election. meeting/election. Elizabeth MacLeod , Open House The grade 6 Open House at The Pine Senior School has been changed to Tuesday, May 30, 2000 at ,7:00 p.m. Staff Members of the Month MRS. RANDALL When Mrs-. Randall is not at school she likes to spend time with her family, reading and watching Devon ' & Austin participate in' extra curricular activities. Mrs. Randall's hobbies include cross stitch, gardening, baking baking and she collects rare, large jewels such as • diamonds diamonds and sapphires. Her favourite colours are blue and rose. Pasta and Italian - foods are her favourites. Her family members include her sons Devon, 6 years old, Austin, 18 months old, her husband Mark and Styrling the dog who sleeps all day long. Mrs. Randall's pet peeve is media and T.V. ads that don't put capitals and periods periods on names, dates and places. The message Mrs. Randall would like her students students to take away from this year is to a) ways work hard and try yorir best to reach your goals and dreams. Mrs. Randall went to elementary and high school in Port Hope, She received a B.A. from Trent University -and a B.Ed. from Trent/Queen's. Thank you, Mrs. Randall, for a job well done, you are appreciated. appreciated. MRS. SCHUUR When Mrs. Schuur Is not at school she likes to spend time with her family and go shopping with her daughter. In her spare time she enjoys going for walks and working outside gardening. Her favourite colours are blue .and purple. She enjoys most foods but she really loves Chinese food, chicken and of course, chocolate. Mrs. Schuur s family members include: her husband of 22 years, Dick; Steven, her 15 year old son; Amanda, her 11 year old daughter and a pet dog, Cassle. ' Her pet peeves are people who are dishonest dishonest and people who gossip. The message she wopld like the students to take away from this year is; "Do the best you can and treat everyone the way you would want them to treat you." Mrs. Schuur attended North Hope Central P.S. and Port Hope High School where she graduated graduated grade 13. Her children now attend these schools. Thank you for a job well done, Mrs. Schhur, you are . appreciated. <95* iT Orono Country Cctfe ^ V? Full Menu ïy >jJP Main Street., Orono, Ontario * 983-9009 0$ COLLISION REPAIR PROFESSIONALS Fred Devries Proprietor FRED'S AUTOBODY LTD. 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