Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 17 Apr 1985, p. 11

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â€"Tidâ€"biz 51 Roseview Ave., Cambridge (corner of Roseview Ave. and Oxford St. across from the Brewer‘s Retail) Industry and Trade Opportunity show at Bingeman Park The Regional Municipality of Waterloo is coâ€"sponsoring with the Ministry of Industry & Trade a Contact Opportunity Show Wednesâ€" day, May 1 and Thursday, May 2 from 10 a.m to 6 p.m. daily at Bingeman Park. The purpose of a Contact Opportunity Show is to encourage the support of local industry, distribute Buy Canadian material and to broaden manufacturers‘ scope with governâ€" ment buyers and other manufacturers. 653â€"7884 623â€"0388 Attendance is free and you may register at the door. On one hand manufacturers are able to seek new manufacturing opportunities with government agencies and manufacturers, and on the other hand, government agencies and manufacturers have the opportunity to "Our Low Overhead means 3 Large Floors of Top Quality Furniture Hours: Mon.â€"Wed. 9â€"5:30, Thurs. & Fri. 9â€"9, Sat. 9â€"5:30 SAVINGS TO YOU®" own ~ (ountr»â€"Furniture If" flooh display parts and products that they now import and which they might purchase locally if a source of supply were developed. Major industrial and government buyers will exhibit products, parts and components and it is anticipated that there will be 1,200 attendees. An important part of the twoâ€"day show is information on selling to governments and acquiring technology. A seminar, ‘Searching for New Technology‘" will be conducted each morning of the show from 9â€"10 a.m. This is a seminar explaining joint venture and licencâ€" ing agreements. Mortgage demand brisk Demand for mortgage funds continued brisk across the country in March, although down slightly from January and February, according to Royal LePage Real Estate. This slight decrease in activity is attributed to the five mortgage rate adjustments which occurred during the month. This created a mood of uncertainty for some home purâ€" chasers, but by monthâ€"end, mortgage rates had declined once again, and sales in most centres remained healthy. ~ In addition, attractive commercial investâ€" ment properties in many Canadian centres are in short supply and this also is contributâ€" ing to the lower mortgage activity. Vancouver, with the highest average house prices in Canada, witnessed an immediate decline in sales activity when mortgage rates first increased. On the other hand, centres such as Calgary and Toronto reported only a slight decline in sales activity and remain well ahead of last year‘s activity levels. In Calgary, sales for the first quarter are 15 â€" 20 per cent higher than in 1984. And in Toronto, they are 25 â€" 30 per cent higher in some areas, say Royal LePage residential researchers. Demand for mortgages in the commercial market also has declined slightly, says Commercial spokesman, Bill Anderson. Fred Buttinger, Waterioo dealer for Midas Muffler, might think twice before shaking Hollywood actor Robâ€" ert Tessier‘s hand again. Tessier was on hand at Buttinger‘s store in Kitchener for last week‘s Grand Opening. THE CRUNCHER Len Flood Cindy Povey photo ooo ¢ Attention P y Antique Collectors ... * oc is your ‘policy out of date i and too expensive? j ®"N > Call us today‘ e Roth NOWAK insuramce seoxees yyt -‘“! 3 New Hamburg Waterioo Z Liegler wants Canada Pension Plan a "big ripoff" He goes on toexplain that up until this vear. the Canada Pension Plan al ways collected more dollars out of our paycheques than they had to pay out te re tired people Those Yextra" dollars were then loaned to the provinces because "the law states Canada Pension iNC) looked again Here was Kitchener Waterloo Record financial writer. Ron Eade talking about the Canada Pension Plan. that same plan I‘ve often saud I didn‘t want. but my accountant stated "I must" participate in each vear Mr. Eade laid evervthing out quite clearly Here are some of the statements made There it was. a heading spread over six columns at the top of the page "The It‘s been bungled "The tederal government has been bungling the pen sion account since the day it was hatched in 1966.° "Fact is most people are unaware of the whole horr tving â€" storv Most: people don‘t know they are victims of an elaborate deception Canada Pension Plan Ripoff" _ "The sad reality is the Canada Pension Plan is in trouble today because it was never set up sion plan It was tax 7 care of elderly e environmental protection e youth opportunities e more money for daycare and Ziegler is the voice of Kitchenerâ€"Wilmot looked . the WATERLOO CHRONICLE, WEDNESDAY, APRIL 17, 1985 â€" PAGE 11 s in pen set up as i HXx Plan money must be loaned to the provinces and no one else " row funds at interest rates as low as four percent. How ever. the interest was never really paud. it was just added to the "hill" the pro vinces owed to the plan Now the provinces have $27.5 billhon of those pen sion dollars. and don‘t want tor can‘t) pav it back In fact. the only way thes can pay it back is to tax you and | agmun. to give us our own mones buck In other words. they want to reach into our pocket. to take money out. so thes can put it back in our other pocket Now . the federal govern ment is demanding that we cough up more dollars for the Cunada Pension Plan, so they can pay us our pension. L The provinces were de lighted at being able to bor row funds at interest rates _ ""Small wonder the polit crans would like tocontinue this shell game." Mr. Eade In 1985at is expected that vou and I will pas $4.38 bil hon into the plan. but it will have to pay out84 43 bilthon IT‘S YOUR MONEY Paul J. Rockel e jobs through training & retraining Mr Eade goes on to point out that even if the provin ces pay back the money thighly unlikelw "by the vear 2002 the pot will be completely dry. Kaput." _ | agree with Mr. Eade We recognized a long time ago that we must do something "on our own" to guarantee our financial future That‘s why I started saving in in vestment funds. both for our RRSPs and my per sonal savings Mavbe you should. too For a FREE copy of the newspaper article "Canada Pension Plan Ripoff© write Paul J. Rockel. 153 Union St E. Waterloo. Ont. NJ 1C4 and ask for "Canada Pension Plan article" to the retrees "And it doesn‘t take a whiz kad to figure out vou can‘t run a pension plan like that for very long. especially when the ‘surplus has been fritâ€" tered away for so many vears." Paul J. Rockel is President of Regal Capital Planners Ltd. and o! the Independent inâ€" vestment Fund Dealers Asâ€" sociation of Canada.

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