Bank rate hits record 17.40 percent in Canada
The Bank of Canada raised its rate to 17.40 percent from 17.16, drawing criticism from opposition spokesmen who say high rates fuel inflation. Finance minister and observers defend a gradual approach while banks edge up prime and savings rates to match higher costs.
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Bob Rae
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Toronto
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MPs approve patriation package in Canada constitutional row
After six months of bargaining MPs in Ottawa pass the final form of a proposed new constitution. The package includes a mention of God a stronger rights framework for women and natives and changes to the amending formula while a national referendum provision is kept and a Tory bid to rewrite key terms is rejected.
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Supreme Court of Canada
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New Brunswick
Protests Wide as Belfast Braces for Sands Hunger Strike Fate
Protestant extremist groups in Ulster threaten retaliation as Roman Catholic unrest and hunger striker Bobby Sands near death at Maze prison deepen fears of sectarian violence. Sinn Fein reports Sands could die by Monday while UDA and allied factions forge a rare pact amid mass mobilization.
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Czechs Rally toBeat Canada in World Hockey Showdown
In Goteborg Czechoslovakia scored twice in the third period to win 4-2 over Canada and eliminate Canada from medal contention. Canada led 1-0 after the first, but the Czechs tied the game at 2-2 after two periods to grab their second win in the championship round and reach five points. Canada dropped to last with one point. the Soviet Union led with seven points as Sweden stood second with five.
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Goteborg
Sweden
Czechoslovakia
Canada
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What can you do with $20 from Alberta legislators
Transportation Minister Henry Kroeger gave a $20 cheque to the Alberta legislature press gallery and challenged them to find a useful use for it. The gallery planned to match the sum and poll Alberta mayors to locate the province’s largest pothole, proposing the $40 could fund its repair if the government budget can’t.
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Edmonton
Alberta Legislature
Henry Kroeger
Jim Day
Kroeger
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Alberta
Transport Department
Government imposes energy levy to fund Petrofina takeover
Ottawa announced a May 1 increase of 0.8 cents per litre on gasoline and all petroleum products plus a 15 cent per thousand cubic feet rise in natural gas. The levy aims to cover 85 percent of Petro-Canada's $1.46 billion Petrofina acquisition within two years as part of the Canadian ownership program.
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Ottawa
Energy
Marc Lalonde
Petrofina Canada Inc
Petro-Canada
Lalonde
Petrofina
Premier Lougheed defends eight premiers stand in federal clash
Premier Peter Lougheed rejects criticism from Tom Sindlinger in the legislature as Tory back-benchers cheer. Tenants may move back to Redcliff’s Professional Building after engineers deem it safe under conditions. Belize signs provisional plan for independence from Britain this year. Ronald Biggs, the Great Train Robber, is free after 16 years and heads to Brazil. Calgary Wranglers lead Victoria Cougars 1-0 in WHL final series after 3-2 win.
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Tom Sindlinger
103Rd St. N.E
Redcliff
Calgary Wranglers
Victoria Cougars
Victoria
Western Hockey League
Alberta approves alternate bus links as Greyhound strike continues
Western Canada adjusts to Greyhound walkout with Alberta Motor Transport Board granting three operators permission to run routes from Lethbridge and Calgary to Edmonton Fort McMurray and Cold Lake. Red Arrow Express adds buses and Grey Goose Lines runs daily Edmonton to Cold Lake route. Ways to BC expected next week.
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Glenboro
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Amalgamated Transit Union
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