Canada faces rate crisis and possible dollar devaluation
The piece argues U S rate cuts threaten Canada with higher inflation, capital flight, and a weaker dollar. It discusses Trudeau Reagan Versailles talks, Ottawa's options, potential wage and price controls, and a shift toward a state driven economy. The author warns that doing nothing or full government takeover carries grave long term risks to free enterprise.
MENTIONED IN THIS ARTICLE
Venice
U.S
Jimmy Carter
Carter
Italy
Trudeau
Ronald Reagan
Parliament Hill
Allan MacEachen
Canada
Chateau Montebello
Pierre Trudeau
Versailles
Reagan
Ottawa
North America
Feds
Canadian dollar slide recalls Diefenbaker era gimmick
The writer reflects on the dollar dipping below 80 cents U.S. and recalls Fleming’s 1962 devalued Diefendollars while noting the political fallout. It contrasts past high interest rates with contemporary inflation, and mentions historical June events from 1919 to 1896 and key figures like Bouey and Laurier.
MENTIONED IN THIS ARTICLE
Donald Fleming
Liberal Party
Fleming
John Diefenbaker
U.S
Canada
Bank of Canada
Gerald Bouey
Bouey
Hoyle
This Week in Canada Prime Minister Update
This brief notes two historical Canadian milestones on June 24 and 25. On June 24 1610 Henry Memberton a Micmac became the first Indian chief baptized in Canada and 1775 the Nova Scotia legislature voted against joining the U S rebellion. On June 25 1647 the first horse arrived at Quebec as a gift to Governor Montmagny and 1805 Simon Fraser began his Rockies journey via the Peace River.
MENTIONED IN THIS ARTICLE
Henry Memberton
Canada
Nova Scotia
U.S
Quebec
Montmagny
Simon Fraser
Rockies
Peace River
Winds of Change Hit Victoria and Nearby Cities
A letter from a long-time resident laments rising crime in Victoria British Columbia and surrounding areas. It cites increases in robberies assaults and safety fears affecting seniors and pedestrians. The author contrasts crime levels with Winnipeg and notes a Victoria Paper call warning that trouble in Retirement City is worsening.
MENTIONED IN THIS ARTICLE
Victoria
B.C
Winnipeg
Vancouver Island
Also Mentioned on This Page
Ona
Manitoba Newspapers Association
Hamiota
Echo
Hamiota Echo Publications Ltd
P.O. Box 70
Hamiota, Manitoba
Romoto
U.S.A
England
F.D. (Don) Venables
BY Garth Turner
Paul Hellyer
Montreal
Britain
Wilfrid Laurier
Reggie
Bob Kaplan
Thanx
Rite *& Ar
Scufford Olson
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