Weather Index Forecast for Friday
Sunny with a ten percent chance of rain on Friday. High near 30 with a low around 13. Map reference Page B3.
06 Aug 1987
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Aug 06, 1987
Page
1
Sunny with a ten percent chance of rain on Friday. High near 30 with a low around 13. Map reference Page B3.
The Bank of Canada lowered its rate to 9.19 per cent today from 9.22 per cent last week. The move marks a small easing in borrowing costs as policy actions continue to influence lending rates.
A Stockholm institute says Canada does not belong on a list of Iran arms suppliers. Aaron Karp notes no evidence of major weapon sales by Canadian defense firms, despite earlier Bonn radio suggestions by Walter Stuetzle. The debate traces to 1986 helicopter engine component sales.
Police report more than 40 incidents of gunfire rock throwing and violence among motorists since mid June. On Wednesday three gunfire reports surfaced as four killed 15 injured and 18 arrested. City Attorney James Hahn warned of jail terms for motorists found armed. An airplane pilot also reported a gun drawn on him midair near Oceanside. A pipe bomb was found in a gym bag along a freeway.
Catholic school trustees say reports of an unwed mother being denied a teaching position are new to them. Sue Herron, offered a McCoy High School job, says she was asked to resign after revealing her nine month old daughter. Trustees note potential accountability and possible closed personnel session at August 25 meeting.
Tory MP Reg Stackhouse vows a private member's bill to cap credit card charges tying rates to above Bank of Canada levels. He cites banks' rapid rate hikes and proposes a 30 day notice with floating caps for different card types, as Bank of Canada rate changes drive charges.
House Speaker Jim Wright said the Central American peace proposal negotiated with the White House is not a ploy to secure renewed Contra aid. He stressed the plan is separate from any aid quarrels and urged faith in the initiative. Contra leaders met Reagan and signaled willingness to negotiate a ceasefire. Ortega welcomed talks in Managua with Central American leaders on Arias plan.
Senate Finance Committee members urge Canada to concede on key issues before the October 5 deadline for a pact to reach Congress. They warn that a binding disputes mechanism, investment limits, subsidies, and cultural protections must be balanced and comprehensive to win approval. Chief negotiator Reisman remains confident of broad support if an agreement meets Canada’s aims and U.S. law.
Iran announces a one day extension to its three day Martyrdom naval drills in the Persian Gulf and Gulf of Oman. State TV shows a submarine and fast boats while warning foreign ships to stay clear. Western observers doubt full operability for months.
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