Mortgage Insurance and Prepayment Privileges In Budget
A Canadian Budget introduces a Mortgage Rate Protection Plan allowing protection on principal up to 70 000 with premiums to cover rate increases, plus a cautious view on prepayments for new or renewed mortgages. The plan may raise costs for lenders and hurt locked in borrowers, while existing five year penalties and vendor mortgages are cautioned against.
MENTIONED IN THIS ARTICLE
Marc Lalonde
Canada Pension Plan
Feds
Lalonde
Jobs for All Capitalism on Trial by Paul Hellyer
Paul Hellyer defends the bishops right to challenge economic crisis while criticizing both Reaganomics and expanded government spending. He promotes a two stage plan in Jobs for All to curb inflation, cut unemployment, and lower interest rates, arguing capitalism can sustain full employment with stable prices. He targets wage growth and labor costs as inflation drivers and urges dialogue within the church and public.
MENTIONED IN THIS ARTICLE
Canadian Conference of Catholic Bishops
Pap
Ted Scott
United Church
Clark MacDonald
Methuen
Marx
U.S
Halley’s Comet to Return in 1986 Sparks Old Timers
Global scientists prepare for Halley's Comet’s 1986 appearance. An Old-Timer recalls watching it in 1910 and urges others not to miss the spectacle. Quotes critique government overreach and a longing for prewar pop culture. An urban rumor mentions jellyfish stings near Miami and a wind-up Victrola query.
Also Mentioned on This Page
Hamiota Echo Publications Ltd
P.O. Box 70
Hamiota, Manitoba
Romoto
Manitoba
Community Newspapers
U.S.A
England
F. D
Venables Publisher
CNA
Paul Hellyer
Shaf Ste
Toront Sun
Rescie
Gordon OO
Rothney
Flatfoot Floogie
Jimmy Durante
St. Regis
Miami
Florida
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