Mortgage renegotiation advice amid falling rates across Canada
The article advises homeowners with high rate mortgages to seek renegotiation as rates drop. It highlights Royal Bank steps like lowering renegotiation fees and reopening closed mortgages, notes variations across banks, and stresses securing a renegotiation clause to guard against lender resistance. It warns new terms may involve higher principal or rate differentials while urging shopping around.
MENTIONED IN THIS ARTICLE
National Trust
Dennis Wilder
Wilder
Royal Bank
Reagan withdraws Soviet sanctions amid European opposition
Recalling a reassessment of policy, President Reagan halts sanctions on the Soviet Union after pressure from France West Germany and Britain. Thatcher argues the U.S. should avoid grain sales while prompting allies to end supplies. The move is seen as a rare admission of error without damage to stature. Winnipeg papers note stores selling banned items on Remembrance Day.
MENTIONED IN THIS ARTICLE
USA
Reagan
Europe
France
West Germany
Britain
Margaret Thatcher
Winnipeg
Productivity reforms urged by Ostry and Hellyer
Sylvia Ostry criticizes Canada's weak productivity with new OECD figures while Paul Hellyer supports a national push for efficiency. He cites long breaks and strikes as costly, urges full employment and joint management labor councils to raise output and share gains.
MENTIONED IN THIS ARTICLE
Sylvia Ostry
Canada
Organization For Economic Co-operation and Development
OECD
Ostry
Also Mentioned on This Page
Echo
Hamiotsa Echo Publications Ltd
P.O. Box 70
Hamiota
Manitoba
Romoto
U.S.A
England
F.D. (Don) Venables
BY Garth Turner
Reggie
Paul Hellyer
William Shakespeare
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