Reichmann bid to buy Gulf Canada collapses amid tax fears
A proposed $3 billion deal to take 60 percent of Gulf Canada by Olympia & York and the Reichmann brothers collapsed after Chevron forfeited a $25 million deposit. Ottawa approved up to $1.8 billion for PetroCan to buy Gulf assets, sparking controversy over Canadianization, debt, and private versus public control of gas stations and oil resources.
MENTIONED IN THIS ARTICLE
Paul
Ralph
Albert Reichmann
Gulf Canada
PetroCan
Gulf
Pat Carney
Reichmann
U.S
Chevron
Olympia & York
Reichmann Brothers
R-family
State Oil Company
Reichmanns
Conrad Black
Norcen Energy Resources
Feds
Esso
Sinc Stevens
Mike Wilson
This Week in Canada August notes and events
On August 5 1583 Sir Humphrey Gilbert claimed Newfoundland for Britain and in 1769 Prince Edward Island became a separate colony from Nova Scotia. August 6 1691 Henry Kelsey claimed the Red River area for Britain and 1866 imperial statute united Vancouver Island with mainland B.C. August 7 1930 R B Bennett became Prime Minister and 1950 Canada created an armed force for the United Nations. August 8 1863 Angus McAskill Cape Breton giant died and 1963 Canada signed an atomic test agreement with the U S S R and Britain. August 9 1842 Ashburton Webster Treaty settled Canada U S boundary and in 1878 British Columbia legislature voted to secede.
MENTIONED IN THIS ARTICLE
Humphrey Gilbert
Newfoundland
Britain
Prince Edward Island
Nova Scotia
Henry Kelsey
Red River
Vancouver Island
Mainland
B.C
R.B. Bennett
Canada
United Nations
Angus McAskill
U.S
U.S.S.R
United States
British Columbia
Addiction debate in Brooks Bulletin prompts calls for school drug programs
The Brooks Bulletin argues for a robust drug awareness program starting in sixth grade with quarterly reinforcement and urges action across schools while cautioning against school based Crime Stoppers. Alberta program reviews are mixed amid calls for hard hitting oversight. Calgary hosts the 34th International Congress on Alcoholism and Drug Do Don t. A notable note warns against immunity to common substances and urges vigilance.
MENTIONED IN THIS ARTICLE
Brooks Bulletin
Brooks School Board
Calgary
Bulletin
Alberta
Carstairs
Speaking of Canada and its political actors
Labour writer J.B. McLachlan condemns voters for backing Grit or Tory tickets calling their name mud. Canadian culture and politics are critiqued as a national theater with borrowed styles from New York Paris and London per Thomas Hendry in 1972.
MENTIONED IN THIS ARTICLE
J.B. McLachlan
New York
Paris
London
Thomas Hendry
Also Mentioned on This Page
Hamiota Echo Publications Ltd
P.O. Box 70
Hamiota, Manitoba
Romoto
Manitoba
U.S.A
England
F. D. (Don) Venables
CNA
Community Newspapers Association
By Fred McGuinness