HomeMy WebLinkAboutThe Goderich Signal-Star, 1985-10-30, Page 20payable. tiowever, the main advantage of
the Canada Savings Bond is complete li-
quidity. You must decide how much liquidi-
ty you desire.
If you are unsure which investment will
best suit your needs and afford you the
highest after-tax return, contact a Financial
Planner.
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IT'S OUR BIGGEST SAVINGS EVENT OF THE YEAR
SAVE M96
MONARCH, ASSORTED VARIETIES
Touch
b'lixes
(Limit 4 per family purchase)
.4crlo
PRICES
SAVE 4.41/kg-2.00 Ib
CUT FROM CANADA'S FINEST GRADE "A" BEEF
FROM CONCENTRATE, FRESHLY CHILLED
A&P Orange
Juice
POWDERED LAUNDRY
CAMPBELL'S
V-8 Vegetable
Juice
48 fl oz
TOMATO -BONUS PACK 1 LITRE PLUS .25 LITRE FREE
SEE OUR 12 PAGE
FOR MORE GREAT ACTION PRICED SPECIALS
(Delivered to homes in areas of A&P stores)
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The mall merchants and shoppers gathered Thursday to celebrate the 10 anniversary of the '
Suncoast Mall. (from left to right) Len Gillis, Mall owner, Naida McClinchey, Suncoast
Craft Corner owner, Beth Main, manager of Oscars Video, Mayor Eileen Palmer, Frank
Pontes, Met manager, Watson Adams, District manager of the A&P store and Les Willems,
Willems Real Estate owner and Mall manager. ( photo by Todd Mowatt )
Canada Savings Bonds
offer 81/2 percent interest
On October 23, the 1985-86 series (S40) of
Canada Savings Bonds went on sale, offer-
ing an interest rate of 81/2 for the first year.
Bonds from Series 1 to 27 (issued before
1973), as well as Series 29 (1974) and 30
(1975), have already matured. Check today
for the series number and maturity date
printed on your bond certificates.
Past bond series 28, 31 and 33 issued in
1973, 1976 and 1978 mature on November 1,
1985. No interest will be earned on these
series after this date.
.There are bonuses in connection with
these maturing series. Bondholders must
report 50 per cent of cash bonuses as in-
terest income, not as capital gain. This
means that the bonuses will face the same
effective tax treatment as before — but they
will not be eligible for the proposed $500,000
lifetime capital gains exemption.
Some useful tips to remember when pur-
chasing Canada Savings Bonds:
(a) Canada Savings Bonds will be sold most
likely until Nov. 8. Canada Savings Bonds
bought on the last day of the campaign earn
you interest on your money from the lst. of
themonth. Therefore you could earn double
interest on your money.
(b) When surrendering a Canada Savings
Bond prior to maturity, always cash it on
the first day of the month to ensure your full
previous month's interest.
(c) Canada Savings Bonds are suitable for
even the smallest investor as they can be
bought in amounts as low as $100.
(d) Bonds can be bought as "C" bonds with
interest compounding or as "R" bonds with
interest paid each year on Nov. 1.
Canada Savings Bonds are an excellent
short term vehicle for payroll savings
available through many employers, but
should not be treated as a long term savings
vehicle. If you are investing for a long term
you are wise to choose higher yielding
guaranteed investments or mutual funds to
maximize your return.
Your after-tax yield should always be con-
sidered. Canada Savings Bonds do not offer
any reduction in the amount of income taxes
FINANCIAL MARKET TRENDS
BANK RATE 8.77%
PRIME 10.00%
T BILLS 8.25%
CDN DOLLAR .7327
US DOLLAR . $1.3648
GOLD (CDN) ... ..... $445.88
SHORT TERM .. ....... 8.750%
1 Yr. 3 Yr. 5 Yr.
GIC's 9 1/2 10 3/4 11 '/4
RRSP's 9 3/8 10 3/4 11 1/8
Mq_TAGES 9 3/4 11 1/4 11 3/4
MUTUALS 38.600 22.900 26.900
Canada Savings Bonds 8 1/2%
FINANCIAL HINT
CSB in R.9.S.P.
Canada Savings Bonds are eligible
for inclusion in your self-directed
Registered Retirement Savings Plan.
Compiled by: ABC INVESTMENTS
53 West St.. Goderich
1
The members of the mall merchants association sent flowers to the new owner of the Coun-
try Bulk food store, now called Sugar and Spice. The merchants who helped celebrate the
store's grand opening on Thursday included (from left to right) Naida McClinchey, mer-
chant, Frank Pontes, Met manager, Les Willems, mall manager, and Pat Schnittke. Sugar
and Spice manager.( photo by Todd Mowatt)
Contest offers scholarship
for best essay on peer
pressure and drinking
The winner of the 1985 "Drinking and
Driving Must Stop" Writing Contest, spon-
sored by Young Drivers of Canada and
Goodyear Canada Inc. is Caroline Desbiens
of Laval, Quebec. The winner receives a
scholarship which covers tuition fees at a
recognized Canadian university or college
for a maximum of three years and a one
time cash award of $500 for books.
Awards of merit were presented to the
winner Caroline Desbiens and both runners
up Rene Coxwor'thy of St. John's, New-
foundland and Catharine Seniunas of
Hamilton.
Young Drivers of Canada and Goodyear
Canada Inc. are co-operating in an ex-
amination of peer pressure and driving
behavior. The topic of the 1986 writing con-
test has been devised to stimulate thought
and provoke discussion on this subject. A
scholarship will be awarded to the author of
the best article or short story on the topic
"Am I a better driver when my friends
aren't around?"
The article should be approximately 1200
words. An independent panel of judges set
up by Young Drivers of Canada and
Goodyear Canada Inc. will select the na-
tional winner. Emphasis will be placed on
writing ability and content.
Each school may submit one entry in.
either English or French chosen from those
submitted by students enrolled in Grades 11,
12, 13 or CEGEP (where applicable). The
entry form must be enclosed with the
school's submission. Entries must be post
marked no later than May 15, 1986. The win-
ner will be notified by August 15, 1986.
Details of the writing contest will be sent to
the schools by the end of October 1985.
Young Drivers of Canada and Goodyear
Canada Inc. are committed to promote
defensive driving and wish to encourage
young people to develop good driving habits.