Canadian Bank Bailout Shocks Markets and Investors
On March 25 Ottawa and provincial bodies agreed to a 225 million rescue package for the Canadian Commercial Bank. CDIC coverage and aid from Alberta and B C alongside other banks will fund the bailout. The bank faced loan losses, a Western economy slump, and a leadership shakeup.
MENTIONED IN THIS ARTICLE
Feds
Canadian Commercial Bank
Ottawa
Alberta
B.C
Canada Deposit Insurance Corporation
CDIC
Canada
Gerald McLaughlan
U.S
Ohio
CCB
Leonard Rosenberg
Howard Eaton
Rosenberg
Bank of Canada - Great Father of All Banks
Gerald Bouey
Texas
Manitoba Premier Targets Senate Abolition Debate
The Press quotes Premier Pawley in the Legislature calling for abolishing the Senate describing it as a house of pork barrelling and patronage. He criticizes appointments based on loyalty and party services, while noting respected Manitoba figures like Duff Roblin and Gil Molgat deserve not to be tarred by this critique.
MENTIONED IN THIS ARTICLE
Manitoba
Pawley
Canadian Senate
Red Chamber
Duff Roblin
Gil Molgat
Liberal Party
Senate
Rockies
James Lougheed
Alberta
Richard Cartwright
Commons
Hanna Herald
Wetaskiwin Times
Moosomin World Spectator
Assiniboia Times
Mulroney
Melfort Journal
Reform the Senate A Canadian constitutional debate
A columnist weighs the odds of Senate reform in Canada. He outlines the hurdle of gathering widespread support from millions of Canadians and seven provinces, then passing Parliament and Senate approval, predicting a decade or more of effort. He cites historic cautions and regional editorials.
Also Mentioned on This Page
Hamiota Echo Publications Ltd
P.O. Box 70
Hamiota, Manitoba
Romoto
U.S.A
England
F. D. (Don) Venables
Percie
By Fred McGuinness
of Canada
Paris
Andre Laurendeau