The Rural Voice, 1998-03, Page 52HYDRA -SPREAD
Hydraulic Push -Gate Manure Spreaders
• HYDRA -SPREAD frees you from all the mechanism of chain
type spreaders. The simple and proven design uses hydraulic
power to push the load.
• Worm gear, apron chains, shafts and sprockets are replaced
with a rugged, dependable hydraulic cylinder assembly. Sides
and floor are super -slippery. corrosion -proof high density
polyethylene.
• The all -welded unit frame features heavy structural sections for
long life.
Harkness Equipment Ltd.
Harriston 519-338-3946
Maluskie Farm Equipment Ltd.
Desboro 519-794-2053
Swanston Farm Equipment
Rockwood 519-856-9512
C.A. Becker Equipment Ltd.
Lucknow 519-529-7993
Stratford Farm Equipment Ltd.
Stratford
London
New Hamburg (Zehr Bros.)
519-273-3788
519-659-0429
519-662-1780
Radford's Farm Equipment Ltd.
Londesboro 519-523-4519
7'Paulo Canada 1;ffist
models
5
J models
from 285 bu. to 500 bu.
N.E. HAGEDORN & SONS LIMITED
48 THE RURAL VOICE
News
for its discipline in keeping inflation
in control. In addition, he said,
Canada is probably looking at its first
balanced budget in many years in
1998 and the country can then begin
paying down its debt. "Canada is the
only country in the G7 that will not
have to raise funds (borrow money)
on the market," he said. This allows
Canada to have interest rates below
the U.S., even with the recent rise in
rates to support the Canadian dollar.
Those low interest rates have spurred
growth, he said, with housing sales
and housing starts both up.
Canada's recent growth has been .
mostly from export sales but net
exports are expected to tail off as
Canadians begin to buy more, some
of it imported from other countries.
Low interest rates also helped
companies by allowing them to
spend less on the cost of modernizing
their facilities. They increased
spending on equipment 20 per cent
in 1997 and are expected to spend 10
per cent more in 1998.
But the big news in the economy,
Kohn said, is the gathering consumer
confidence. The bank had forecast
the creation of 700,000 new jobs in
1997 and 1998 and already 363,000
were produced in the first year, he
said. The level of debt to personal
disposable income is rising but low
interest rates mean people don't have
to spend as much to service the debt.
It means that the recovery is now led
by domestic, not export, sources.
However the unemployment rate
is not expected to drop because as the
economy recovers, more people will
start looking for jobs again, Kohn
said.
However, 25 per cent of Canada's
exports are in raw materials and
commodities have been hit hard by
the Asian crisis, he said. Still, since
only three per cent of Ontario's
exports are to the Pacific Rim
(compared to 34 per cent in British
Columbia), the local impact will not
be as big.
The story was not so rosy from
Colin Reesor, Commodity Marketing
Specialist with OMAFRA in
Walkerton who told farmers at the
meeting that carryover stocks are
rising in most crops and weakening