Banks to Enter New Fields under Bill C-6
The piece argues that Canada may lift the 10 percent cap on conventional mortgages for banks and allow wholly owned subsidiaries to own real estate and operate leasing ventures. It questions depositors’ protection as banks expand into manufacturing, shopping plazas, and industrial equipment leasing, with H. Bray of Financial Consolidations cited.
MENTIONED IN THIS ARTICLE
Canada
H. Bray
Financial Connisrtions
Cantor to buy into Prince Albert Pulp Company
Cantor and Canfor announce a joint agreement where Canfor will acquire Parsons and Wittemore Inc. 70 percent stake in Prince Albert Pulp Company Ltd. The Province of Saskatchewan holds the remaining 30 percent.
MENTIONED IN THIS ARTICLE
Canadian Forest Products Ltd
Canfor
Vancouver
Parsons and Wittemore Inc
New York
Parsons and Wittemores
Prince Albert Pulp Company Ltd
Province of Saskatchewan
Prince Albert
Saskatchewan
Explosive Money Packet in Seattle Bank Robbery
A 36 year old robbed Seattle First National Bank and fled into a shopping mall restroom as his money exploded with tear gas and red dye. Police captured him after the incident. The teller received a note demanding cash and an undisclosed sum was taken.
MENTIONED IN THIS ARTICLE
Seattle
First National Bank
Canadian Style Bacon with Pineapple and Raisins
Canadian style bacon slices are browned in a pan then pineapple slices are fried in the drippings. A sauce of raisins pineapple juice and water simmers briefly thickened with cornstarch and salt. Bacon returns to pan and cooks in sauce for 15 minutes. Serves four.
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