Alberta writes off 260 million in bad investments
Edmonton reports the Alberta government wrote off 259.2 million in bad investments from two long running failures Millar Western Pulp Ltd. and Principal Group Ltd. The payouts include 244.2 million to Millar Western and 15 million to settle Principal Group investors as part of a broader 130.5 million total Principal Group crash settlements.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Millar Western Pulp Ltd
Principal Group Ltd
Millar Western
Whitecourt
Principal Group
NovAtel
Swan Hills
Lloydminster
Gainers
MagCan
Ers’ Federation
Court of Queen’s Bench
Calgary
Webster MacDonald
Soldier admits altering papers in Somalia documents case
Cmdr. Doug Case a former senior CF public affairs officer pleaded guilty to negligent performance of duty for altering Somalia related documents in 1994 at the Access to Information Act request. Prosecution dropped two other charges. maximum penalty is two years less a day in jail but unlikely.
MENTIONED IN THIS ARTICLE
Ottawa
Doug Case
Weather snapshot for Tuesday shows frigid high and low
A Tuesday weather note records a high of 4 degrees and a low of minus 4 with no precipitation. The report refers readers to the weather map on Page A2 for details.
Bre-X fears push Toronto market lower on inflation fears
Toronto's TSE 300 index slid 67 points to 5833.3 as Bre-X Minerals weakness spurred panic selling. Trading on Bre-X was suspended for a second straight day amid technical problems and a backlog of orders while U.S. rates and inflation concerns weighed on sentiment. The Dow Jones average fell over 100 points to 6510.9 as markets swung on rate fears.
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Toronto
U.S
Canada
Bre-X Minerals
Calgary
Toronto Stock Exchange
New York
Medicine Hat News to Host Open House for Readers
The Medicine Hat News invites the public to a one day open house from 1 to 7 p.m. on Thursday. Tours every half hour, press runs at 1 30 p.m. and 3 30 p.m., door prizes, kid contests, and a chance to see how the paper is produced. Meet staff and learn what goes into daily newspapering.
MENTIONED IN THIS ARTICLE
Medicine Hat
Mike Hertz
Ruckers
Dunmore Road
Hertz
Peter Mah
Medicine Hat News
Coni
Christo
News
Dunmore Rd
Medicine Hat Mall
Sylvan Lake Narrowly Backs VLT Ban Proposal
In Sylvan Lake Alberta residents approved a measure to ban video lottery terminals by a 268 to 258 vote. The tight margin follows a separate regional vote and triggers calls from officials and business owners for a provincewide plebiscite to settle gambling policy.
MENTIONED IN THIS ARTICLE
Sylvan
Sylvan Lake
Alberta
Vlts
Rocky Mountain House
Hooker takes client to court after no-show
A Stockholm prostitute sued a man who booked a full body massage and sex last August but did not show up. She argued that a non arrival should be charged and the case ended with an out of court settlement of 200 dollars.
MENTIONED IN THIS ARTICLE
Stockholm
Reuter
Metro
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Soldier
Canadian Press
Ann Landers
Neat
TSE
Icine Hat News
Southam Newspapers
Hooker
Pirer Atae
Ais Marana