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By Stewart Sutheriland Chronicle staff writer Canada needs an economic strategy with input from all levels of government, large and small buâ€" siness, the farm sector and organized labor, acâ€" Wyatt, speaking to the Waterloo Chamber of Comâ€" merce at their 90th annual meeting last night at the Waterloo Motor Inn, said ‘"there is no other nation in cording to Hal Wyatt, chairman of the Canadian Chamber of Commerce. National Chamber of Commerce chief says Waterloo Council‘s Monâ€" day night decision to rebuild the Laurel Creek culvert means Gus Kanellis can proâ€" ceed with his plans for a twoâ€"storey building once the City‘s $300,000 project is completed. y 126th Year No. 7 Council‘s decision ends months of conjecture about the future of Kanellis‘ burâ€" nedâ€"out building on the east side of King that was gutted by fire last year. _Jim Willis, commissioner of works, recommended the City pay for the culvert work before the construcâ€" tion actually begins, and exâ€" tend it to Regina St. He doesn‘t expect any financial _ Valentines Day: 600 years old and still going strong Time is ‘running out for Canada‘ Comment On that day all the girls pu the men drew out a name to pi e the next year. The early Ro of their partner pinned to their is said to wear his heart on his terested in a lady. Sometimes presents of perfumed gloves or jew. Community C@BI@MOAT ..................sssssssssssssee0e, By Heather Fothergill For more than 600 years people hake valentines to their loved ones “.‘;\5-;‘ special day to honor lovers was x "’ ix time of year when birds beg 1\\'fl 6 god named Cupid aimed hisy@Â¥ ::?' men and women. People het@Â¥9« *J piness was connected with E ’._.. es The Lupercalia became a saint s sÂ¥ 4Q@Asrinfg se veral Christian martyrs named Â¥@#ent -& AOrtesâ€" ing sweethearts has e ,-_’.-‘f. with Hé‘.“ inty‘fot which the day is # len the Romak 44 ame Christians the chun wighed to give ":7‘ "Cla feast a Christian Afp R @ Some of the old @storfS were kept but people é. exchanged valentine cards instead of presents whiéh they gave to the best liked boy or girl. It became*a favorite day in England, France and later the United The Valentine‘s Day fest tion is believed to have ha festival held in the middlej calia. This pagan feast hon of women and marriage ar ity to foot culvert replacement bill as npéthin ca® n th uh ighed dastor were k. Inside the world which so urgently needs an industrial or econoâ€" mic. stategy ."‘ He said Canada has finally arrived at an economic crossroads, and it‘s time for He said the culvert reâ€" building would beâ€"carried out in conjunction with the section to be rebuilt under King St. by the Region. assistance from the Grand River Conservation Authâ€" ority. § A recent consultant‘s reâ€" port suggested the portion under King is deteriorating and parking on the east side has been banned because the road could collapse. That section alone is expected to cost the City $55,000 to reâ€" build. A section of the culvert, under Seagram‘s distillery and Waterloo Square, has already been rebuilt and the 3,56 6,7 13 27 some decisions. [Those deciâ€" sions will be difficult, even controversial, ‘‘but they have to be made because time is running out for us." When it comes to energy matters, Wyatt said the man in the street is having difficulty separating reality from illusion as election promises fly thick and fast. "What we need are facts, not emotional fanâ€" tasiesâ€"cold factsâ€"that will ‘‘The delay is going to hurt my business, but if it has to be done, it has to be done,"‘ Kanellis said. land over the new culvert behind Kanellis‘ building will be paved and used for parking. Kanellis said the City has been talking about the proâ€" ject for a long time and it‘s hurting his business. The old culvert runs under his building and the City wanted it rebuilt before he could proceed with his proâ€" jeck.:::::â€". . ::>> Cb ls : In other business, Council decided to shelve plans indefinitely for the reroutâ€" ing of Bearinger Road beâ€" tween Parkside Dr. and Alâ€" bert St. and push for the completion of Westmount Rd. from Columbia St., across the University of Waâ€" terloo to link up with the western end of Bearinger. A delegation of residents called the project a ‘"road that goes nowhere‘"‘ and an ‘"outdated idea‘‘. States and Canada. Valentine‘s Day received almost as hâ€"attention as Christmas. The Pu€e! ol @rieans is believed to have rade the {fâ€"' mientipe 517, While be was a prisoner in the Kqverxs uoys -_'.Q 5, he wiféte love poems (valenâ€" fitle â€"iorite. w iup ie ransi‘) Rameethearts exchanged timeâ€"honored tradition Wednesday, February 13, 1980 #s and spun glass. They were Old valentines have become centuries. r hearts with real in the U.S. during the immed with satin ribbons, allow us to look at oil prices realistically," Wyatt said. â€" He said that ‘"‘although many people now recagnize why prices for oil must inâ€" crease, the cry still arises that the oil and gas industry is making too much *‘"*Yet the figures I have seen suggest that the return to the oil and gas industry over the past three years is well below other industries It will cost the City $55,000 to rebuild this portion of King St. because a recent consultant‘s report suggested that the culvert is deteriorating and could cause the road to collapse. Parking has been banned on the east side of the street in this area. such as wood, metal fabriâ€" cation, furniture and food and beverages,"‘ he said. _ ‘‘The key,"‘ Wyatt said, **is that sufficient profits must be allowed to flow through to the producer so the search for new and difâ€" ferent sources of energy will continue." Wyatt suggests we need the higher prices, not only to encourage conservation, but to stimulate the search for additional energy sources, including solar, hydro, bioâ€" mass and geothermal. He quoted an oil industry spokesman who said, "if inâ€" dustry doesn‘t use the added funds for increased exploraâ€" tion and research then they should be taxed on those profits." ~ The important fact is these funds are needed now if we hope to see any improâ€" vement by the end of the deâ€" cade. With the long lead times necessary for fronâ€" tier, or oil sands developâ€" ment, we are looking at proâ€" jects 10 and 15 years down the road, according to Wyatt. 2 Wyatt believes inflation is still Canada‘s number one priority, and blamed excesâ€" sive government spending in Wateriqo, Ontario ‘ the early 1970‘s as a prime contributor. He said with the exception of Sweden, Canada‘s benefit programs were without parallel. He noted that it wasn‘t just individuals who were the beneficiaries of goâ€" vernment aid, as attempts were made to artificially support businesses â€"and inâ€" dustries which were declinâ€" ing and unable to compete. *‘*We failed to wean the questionable enterprises, and, to our dismay, disâ€" covered how quickly codâ€" To shake off the slothful seventies and rcapture our position as a leading indusâ€" trial nation, he said we have to regain our sense of balanâ€" seâ€"a balance in how we view things, and a balance in how we act, and react. dling leads to dependency," Wyatt said. ‘‘There are golden opporâ€" tunties available to our country if we will only plan our approach and enthusiasâ€" tically follow through. How we act now will largely deâ€" termine how we will be livâ€" ing in the eighties. It can be an exciting era, or it can be an exacting era,‘‘ Wyatt warned. % 15 Cents