Weather Outlook: Cloudy With Showers Friday
The forecast indicates cloudy conditions with an 80 percent chance of rain on Friday. High near 18 and low around 10, with a weather map on page B4.
13 Aug 1987
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Aug 13, 1987
Page
1
The forecast indicates cloudy conditions with an 80 percent chance of rain on Friday. High near 18 and low around 10, with a weather map on page B4.
The Bank of Canada rate lowered to 9.14 per cent today from 9.19 per cent last week. The move marks a small easing by the central bank as it adjusts its monetary policy stance.
Vancouver project aims to run the Royal Hudson steam engine from Vancouver to Calgary for the Winter Olympics. Royal Hudson Steam Train Society manager Ron Treend says CP Rail approval is essential and a February departure with 500 to 700 passengers is desired. The restored 1941 locomotive has run tourist trips between Vancouver and Squamish since 1974.
In Montreal Pierre Trudeau denies private opposition to prosecuting Nazi war criminals while the government backs action. He directs questions to Robert Kaplan, former solicitor general, as Alti Rodal's Deschenes commission report cites his veto of legal action, with parts reportedly censored.
A Southam News poll by Angus Reid Associates projects a Liberal rebound under Jean Chretien, with the Liberals at 43 percent versus the NDP 35 and Tories 21 if Chretien leads. The survey of 1,568 adults also shows the NDP ahead nationally, with 44 percent of decided voters.
Principal Savings and Trust Co. Ltd. president John Cormie insists the trust is solvent as Principal Group Ltd. files for bankruptcy. He claims $13 million in net assets and liquidity to meet obligations, while a trustee pushes to sell three subsidiaries to avoid CDIC winding down the trust. Creditors hold promissory notes near $90 million.
Alberta oil firms lift capital outlays for rest of 1987 as higher oil prices and government programs lift drilling. PanCanadian plans about 40 million more spending with 48 exploratory and 95 development wells. Numac scales up to 60 wells in H2 1987. A five year royalty holiday and federal drilling cost support attract MSR Exploration after a decade without Canadian exploration.
President Reagan said he regrets lies and mistakes in the Iran-Contra affair and asked for a chance to pursue arms reduction and budget balance during his final 17 months. He blamed John Poindexter for the decision to divert Iranian arms sale proceeds and accepted ultimate responsibility.
AP reports a rising belief in a harmonic convergence set for Sunday and Monday that adherents say will trigger Earth's new age and alien contact. Critics led by Paul Kurtz call it pseudoscience, while Jose Arguelles claims the Mayan calendar pins 3113 BC to AD 2012 as the contact moment.
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