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The Goderich Signal-Star, 1980-02-21, Page 249, no economic growth R: ,C1 .S1CrNAL-STAR, THURSDAY, E1 BRUA.RY 31,1988 BY JACK RIDDELL M..P.P. Last week I wrote about the economic situation in. this country as . reported• by the 'Conference Board' in Canada. I'•m sure it came as a surprise to those who read the article that Ontario has dropped to last place of all the provinces from the standpoint of economic growth. The .Board predicted that more than 80 percent of Canada's economic growth this year will come from the Western provinces and even the chronically poorer Maritime provinces will outperform this province in 1980. 1 would like to conclude this article by saying that we in Ontario, for a very long time, have prided ourselves on being more successful;__;__more financially secure than our sister provinces. This is no longer the case. Some time in late 1977 or early 1978, Ontario became a "have-not" province, within the meaning applied- to the national equalization formula. Alberta and . British Columbia have, never qualified for equalization entitlements , under this formula whieh _.is based on the national. average and came into effect in 1.967;68,; We little dreamed at that time that within a decade Ontario would qualify , for equalization payments. - In the early 1970s, Ontario's contribution to federal revenues based on.- personal income' tax and corporation tax, was • about 4 percent. By 1977, the latest date for which official • figures are available, out con-' tribution in personal • income fax had dropped to approximately 40 percent of federal revenues .and to about 36.4 percent in cor- poration tax. This strong downward tax, and the 40 percent figure should be applicable now. The trend in corporation tax is difficult to predict, but at best it should be about the same (36-37 percent). Therefore, 38-39 percent is a realistic figure to use as Ontario's current contribution to federal revenue. The_. Provincial Treasurer has acknowledged that Ontario has become a have-not province •and therefore, .,entitled to almost MOO million in equalization payments &over the past three years. David Peterson, the Liberal Finance Critic, has demanded. to know why Ontario has not taken this money, and whether it is a question of pride. The Treasurer has taken. the attitude that Ontarib's eligibility for the payments only shows how out of, date the for- mula has become. He argues that to give this province equalization payments would violate the, principle of equalization since Ontario's per capita income is well above the national average. It's interesting to note that if all oil revenues were taken into account in the equalization for- mula rather than -the present level of 50 per- cent, Ontario would be entitled to something like $1.032 billion. It's easy to see, of course, w,hy the Government of the day .are reluctant to put' out their hands for this money, why they are fighting so hard for an alternative approach, such as a national fund. to be set up - from oil revenues. They want money, but they don't want what they consider to be the stigma of en- titlement under the present equalization formula'`,k. Will hied' books show Turn age 9A • tet a toN 0,4 Nit We reserve the .right te quantities to normal family requirements! Here's Your CI PRICES EFFECTIVE THRU SATURDAY, FEBRUARY 23rd, 1980. WE REDEEM ALL FOOD STORE COUPONS! Super Leto, Provincial & Wintario tickets available at A&P Food Stores! "2Y SAVE 2.14 Powdered SUNLIGHT DETERGENT 6 litre Buy a 6 Titre box at our reg. price 3.59 get a second 6 litre box for only 111111111114 (Our Regular Price 3.59) /1////1110 Daytime pkg of 30 or Extra Absorbent Daytime pkg of 24 PAMPERS DIAPERS Buy 1 pkg at regular price of `3.43 get second pkg for only lance Ta Ring -up BIG r ��aullllUllul/ YOU'LL DO BETTER WITH A&P's 1.49 Jane Parker BAKERY FEATU-RES!, aam,„,„„,`" (Our Regular Price up to 69c each -- Buy 3, SAVE up to 58c ) Jane Parker, Sliced, 60% Whole Wheat Regular or Sandwich, 100% Whole Wheat or Cracked Wheat OWN_ BREA 24 ® f� f®r 1 .49 (bur Regular Price°3.43) Plain & Assorted Flavours BORDEN YOGURT YOU'LL DO FETTER WITH U L49 DAIRY FEATURES PRICE SALE (Our Reg. Price 49c ea. - BUY 6, SAVE 1.45) 175 g tub A&P ORANGE JUICE mcm'SOFT MARGARINE BCOTTAGE CHEESE for ABP, Sliced WHITE BREAD Jane Parker, Hamburg Buns or WIENER ROLLS. JANE PARKER, SLICED Raisin Bread JANE PARKER Dinner Rolls 16 -oz loaf 5ior149 ofkg 3 for L49 16 oz loaf 2 for 1,49 pkg of 83 for 1,49 JANE PARKER, PLAIN, SUGAR, CINNANON Cake Donuts pkg of 122 for 1049 all?j �. 6 • SOUPS AUJt TOM ATES ak" SAVE 49e Tomato CAMPBELL'S SOUP 10-fl,oz tine Action Price! 64 -fl -oz bottle l 49 Action Price! 1•I6 tub for 149 Action Price! 500gctn 2,,,11149 �anuf!l1w or (Our Regular Price 33c each) Orange Pekoe SALADA TEA BAGS AssortedVarieties ROBIN HOOD CAKE • IXES 17.6 -oz box 1949 SAVING DAYS (Our Regular Price 2.05) for "THECLASSICS" created by Hearthside -Ilan r/ /9cLtnieJ &oneware CHOOSE FROM 3 PATTERNS THIS WEEK'S FEATURE SALAD PLATE with each $5.00 purchase ONLY THIS SCHEDULE WILL BE REPEATED A&P, RECONSTITUTED, SWEETENED OR UNSWEETENED Orange Juice 48 -fl -oz tin 2 for L49 LORETTA, ASSORTED VARIETIES 19 -FL -O7 TIN Canned Pans 3f-1.49 , �yt4UJWurr4/< ma»� 1 ENGLISH MUFFINS Jane Parker HOT CROSS BUNS JANE PARKER, RASPBERRY Swiss Rolls JANE PARKER pkg of 6 okf 6 2 1.49 20149 OR CHOCOLATE 10 -oz pkg 2 for L49 Date Turnovers JANE PARKER Pumpkin Pie oleo SAVE 305i 10 -oz pkg 2 for L49 full 8 -inch, 24 -oz pie 1.39 o Kraft Salad Dressing (Our Regular Price 1.79) More Great L49 Days Values at A&P ! MONARCH ACTION PRICE! ASSORTED VARIETIES 9.OZ PKG MITCHELLS, FANCY ACTION PRICE! 14-FL•OZ TIN Pudding Mixes 3f-1.49 Applesauce 3f-1.49 PEA OR VEGETABLE ACTION PRICE! 14 -FL -OZ TIN ASSORTED VARIETIES, WITH PECTIN Habitant Soups 4for1.49 Alon Jams 9-fl-oz;ar2for1®49 GLAD BAGS ACTION PRICE, PKG OF 24 HONIG, CHICKEN NOODLE Kitchen Catcher L49 Soup Mix pkg of2envs3for1.49 WHITE LABEL, MANDARIN ACTION PRICE! Cera nese fl -oz tin for 1.49 ABP, RECONSTITUTED ACTION PRICE! 48 -FL -OZ TIN ,. HONIG, CHICKEN BOUILLON OR TOMATO Soup Mixes 2-ozpkg 3 for 1.49 HILLES Orange Juice 2f. 1.49 Rusk 100gpkg 3for1.49 ASSORTED VARIETIES ACTION PRICE! 7.OZ PKG ASSORTED VARIETIES 70 g PKG. -�, fn• CU.IU, !or 1®49 Elite Wafers 7 f'1.49 HUNTS ACTION PRICE! 14-FL'OZ TIN GERMAN - 5 kg PKG Tomato Sauce 3f-1.49 Gouda Cheese 1b 1®49 You'lI also do better with these "Action Priced" Features! CRACKLIN' BRAN 500 9 pkg (Diced or Sliced Beets or Carrots 5 Ideal, Assorted Varieties CANNED. . VEGETABLES 14 -fl -oz tin for ASSORTED VARIETIES • A&P Pastas9009P PURE STRAWBERRY Kraft Jams fl °z DETERGENT ACTION PRICE! Dove Liquid GRANNY; ASSORTED VARIETIES Fruit Tarts kg 24.49 ACTION PICE! r�for1.49 500 ml PLASTIC BTL 2for1.49 McVities, Assorted Varieties CREAM 4149 COOKIES ,o, Assorted Flavours JELLQ 5 POWDERS f3 -oz Pkgo Action Price! 149 OLD TYME Table Syrup ACTION PRICE! 750 mi btl 1.49 1 -PLY BATHROOM TISSUE, ASSORTED COLOURS ACTION PRICE! Swan's Down pkg of 4 rolls .19 WhDECORATOR, 2 -Por' ,ACTION PRICEI PKG OF 2 ROLLS White SwanTowels 1.09 Martins, Reconstituted APPLE JUICE 48 fl oz tin 2'49 for Flaked White Action Price! CLOVER LEAF TUNA6.5 -oz ti 149 WHITE SWAN, ASSORTED COLOURS BOX OF Facial Tissue WHITE SWAN, DELUXE PRINTED Serviettes APPLEFORD, SAVE -ALL Waxed Paper CAPRI, -ASSORTED COLOURS ACTION PRICEI PKG OF 4 ROLLS SNOWFLAKE, PURE 200 SHEETS 69¢ ACTION PRICE! Pkgof5055 j' (100 -FOOT ROLL 89c) 200' roll 1.7 9 pkg of 6 2 for l.49 Bathroom Tissue 89? Shortening 1 -Ib pkg 2 for 1.49 •