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ine economic recoy ery now under way in Canada can be expect ed to continue through out 1983 and 1984, says The Royal Bank of Canada‘s monthly eco nomic report. The recovery moved into the fast lane in the first half of 1983 as moderating wage and price inflation and a progressive easing of interest rates sparked strong activity in resi dential construction and consumer spend ing, according to Royal‘s economists. Canada‘s real gross national product (GNP) is now expected te expand by 2.8 per cent during 1983,. an upward adj from an ear! cast of 1.5 per improvement largely on strength in starts and th recovery in ¢ durables. ‘"Under our revised outiook, real GNP reâ€" covers | its preâ€"recesâ€" sion peak by the first quarter of 1984, rough ly half a year earlier than indicated in our previous forecast." the report says. As â€"the. world ecoâ€" n o miec recovery gathers momentum and business investâ€" ment joins the conâ€" sumerâ€"led recovery in 1984, reports expect a rise in real GNP of 4.7 per cent on average in that year. Inflation as meaâ€" sured by the GNP price index is expected to ease to 6.2 per cent this year and 5.2 per cent in 1984. Lower wage deâ€" mands and an upturn in productivity have conâ€" tributed to further moderation in inflation and stronger increases in corporate profits. ! &. _ 15% DISCOUNT e SOFFIT e FASCIA e 5 INCH SEAMLESS EAVESTROUGH e SIDING e THERMAL WINDOWS e STORM WINDOWS e STORM DOORS ALL WORK GUARANTEED QOur economic recovery will â€"_ continue â€" which are forecast to almost double on a beâ€" foreâ€"tax basis during the twoâ€"year forecast period Canada‘s improving inflation record and strong current account position should continâ€" ue io provide basic support for the Canaâ€" dian dollar which is forecast to climb above the U.S. 82 cent level in 1984 D @m& Remember? ? h W WE‘RE 19 YEARS OLD ®@,// l§fi‘~“" IN WATERLOO yg|~‘*»*>â€"@®= YES â€" WE HAVE BEEN IN WATERLOO TOWN SQUARE FOR 19 YEARS AND WOULD LIKE TO THANK ALL OUR CUSTOMERS FOR THEIR PATRONAGE OVER THE YEARS ... NOW LOOK AT OUR FAMILY.... VIC FOSTEN‘S TRAVEL SERVICE JOHN GRAHAM CHRIS McSAVANEY ELEANOR EICHER ANITA WELKER VIC FOSTER Despite the recent hardening of US. inâ€" terest rates, forecasts indicate potential downward bias in both Canadian and U.S. inâ€" terest rates, especially in 1984, as the momenâ€" tum of inflation in both countries continues to ebb and the pace of the recovery slows someâ€" what especially near the end of that year. CALL THE TRAVEL LINE 886â€"1420 THE CONCOURSE WATERLOO TOWN SQUARE Bluevale again to â€"~ offer SOS program JEANNE HALL Helping adults who want to enter the work force develop or upgrade their business skills and gain confidence in an office environment are the main aims of a specialized business education program offered at Bluevale colleâ€" giate. The SOS program, which stands for secretariâ€" al office skills, offers students a combination of classroom work and on the job training. It is designed for adults and during the past school year included a cross section of women students aged 18 to 48. Some were recent Bluevale graduates, others were housewives planning to reâ€"enter the work force or find jobs for the first time. The inâ€"class component includes the study of business English, typing speed development, office procedures and applied business, includâ€" ing word processing and business machines. Along with these courses, the program offers 24 weeks of work placement. Students attend class "OVER 100 YEARS COMBINED EXPERIENCE" WIN FOSTER CHRONICLE, WEDNESDAY, AUGUST 31, 1983 â€"â€" PAGQE 10 at Bluevale in the morning and spend their afternoons in the field, working for various companies in the area. Students find the work experience allows them to practice the skills learned in class, and more importantly, build confidence working in a jobâ€"related environment. Although the onâ€"theâ€" job training is not paid, the company is required to spend as much time as possible with the students to provide a meaningful experience. At the end of the one year program, which runs from September to June, students receive a certificate that indicates they have earned six secondary school credits, four from the inâ€"class component and two for successful work experiâ€" ence Further information on the program can be obtained by contacting Dorothy Fisher, the course instructor, at Bluevale collegiate in Waterioo, 885â€"4620.