Rising U S bank rate nears record high amid policy stance
U S rates hover near 17 percent as minutes show the Fed intends to keep tight money supply to curb inflation. Analysts say there is no policy shift but a aim to prevent a sharp rate decline. Canadian mortgage rates rise to 17.5 percent amid rate expectations. Bank of Canada sets its rate weekly guiding bank lending.
MENTIONED IN THIS ARTICLE
U.S
Federal Reserve Board
Bill Jarvis
Informetrica Ltd
Ottawa
Canada
Bank of Canada
Treasury
Canadian jobless rises to 7.4 percent in March
Statistics Canada reported 983,000 Canadians unable to find work in March, up from 928,000 in February. The seasonally adjusted jobless rate increased by 0.2 percentage points to 7.4 percent, with the rise concentrated in the labour market sectors.
MENTIONED IN THIS ARTICLE
Ottawa
Statistics Canada
Saskatchewan
New Brunswick
Newfoundland
Alberta
Prince Edward Island
Manitoba
Nova Scotia
Quebec
British Columbia
Ontario
Windsor
Ont
Israel Army Lands Forces in Five Spots in Lebanon
Reports from WAFA describe large scale Israeli landings at five southern Lebanese points with heavy fighting against Palestinian and leftist Lebanese groups. Attacks included helicopter raids near Nabatiyah and clashes at Deir Zahrani, with Palestinians and Lebanese claiming heavy losses for the intruders.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
WAFA
Nabatiyah
Deir Zahrani
Power outage halts NEWS production in Medicine Hat
A transformer hit by heavy landscaping equipment on Ross Haven Avenue SE caused a power cut that shut down The NEWS offices at 9 a.m. delaying publication and disrupting stock market coverage. High voltage cables breached and a major fuse blew affecting at least 12 homes as city crews worked at the site with two curious bystanders watching.
MENTIONED IN THIS ARTICLE
Stock Exchange
Southeastern Medicine Hat
Ross Haven Avenue
S.E
Electrical Department
Soviets Expand Support to Poland With Air Units
Washington dispatch notes that the Soviet Union has deployed roughly 100 transport helicopters, 50 to 100 transport aircraft, and 500 to 1,000 pilots and technicians to Poland in the past week, according to U.S. officials.
MENTIONED IN THIS ARTICLE
Washington
Soviet Union
Poland
U.S
Czechoslovakia
Legnice
NBC News
Warsaw
Wojciech Jaruzelski
Seven threaten Reagan and other world events fallout
Federal grand jury indicted 22 year old Edward Richardson of Drexel Hill Pa on two counts of threatening President Reagan after a loaded pistol sighted in New York City. Reagan continues recovery at George Washington University Hospital and may be discharged after a Saturday exam. White House cancels Mexico trip. Separate Poland Poland actions prompt Jaruzelski to seek two month strike pause as Solidarity tensions rise.
MENTIONED IN THIS ARTICLE
New Haven
Edward Richardson
Drexel
Reagan
White House
Larry Speakes
Mexico
Jose Lopez Portillo
Computer scrubs space launch
The U S Space Agency scrubbed the space shuttle Columbia launch after a computer problem halted the countdown while astronauts John Young and Robert Crippen stood 16 minutes from liftoff. A fuel cell warning preceded the extra delay as back up computer data disagreed with main systems.
MENTIONED IN THIS ARTICLE
Cape Canaveral
Fla
U.S. Space Agency
Columbia
John Young
Robert Crippen
George Page
National Aeronautics and Space Administration
Hugh Harris
Harris
Crippen
Canada seeks government talks with Japan on car exports
Canada requests high level discussions with Japan to curb auto shipments. Officials say Japan is studying the proposal and talks could precede the G7 meeting in Ottawa in July. Canada, Japan's sixth largest car market, saw 1980 exports reach 158,400, up from 60,900 the previous year. Canada also wants views on Japan's planned restrictions to the United States and the EEC.
MENTIONED IN THIS ARTICLE
Tokyo
Reuter
Canada
Japan
United States
Ottawa
U.S
European Economic Community
MPs ignore new sample spending documents in Ottawa
Treasury Board president Don Johnston unveils sample spending documents to let Parliament review government program plans. Despite invitations, few MPs read or report on the materials, raising concerns about MPs using the new reform to hold ministers accountable for a $67 billion spending operation.
MENTIONED IN THIS ARTICLE
Joan Cohen
Southam News
Ottawa
Treasury Board
Don Johnston
Lambert Royal Commission On Financial Management and Accountability
Johnston
Gover
Commons
Also Mentioned on This Page
Corp. Commonwealth Microfily
Frank Webber
Jaruzelski
Solidarity Labor Movement
Space Launch
East Block
Harry Rogers
Commons Public Accounts Committee
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