Hi Bobby
Can you imagine someone doubting a central banker.
Canada NewsWire<Picture>Give us your message. We'll give you the world.
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Attention News Editors/Labour Reporters:
THIESSEN'S VIEW IS ''PERVERSE, DESTRUCTIVE AND PLAIN WRONG'', WHITE
OTTAWA, Nov. 27 /CNW/ - ''I want to express my indignation over Tuesday's
increase in short-term interest rates,'' states Bob White, president of the
Canadian Labour Congress (CLC) in a letter sent to Mr. Gordon Thiessen,
Governor of the Bank of Canada.
''Your argument is that the Canadian economy 'may be producing at full
capacity towards the end of 1998' and that 'inflation pressures could mount'
unless monetary policy is tightened'' explains White.
''This view of the world is perverse, destructive and plain wrong.''
White notes that given an unemployment rate of more than 9 per cent, the
jobs' crisis is the real problem, not inflationary pressures on the distant
horizon.
A complete copy of the above mentioned letter is available from Canada
NewsWire's information on-demand service (Code 10060). All information is
immediately retrievable to media with a touch-tone phone and fax machine
24 hours a day, seven days a week. To retrieve dial 1-800-238-7718.
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For further information: Lois L. Ross - CLC Communications, 613-526-7426
CANADIAN LABOUR CONGRESS has 90 releases in this database. |
