NovAtel faces $2 million risk without new partner
Western Economic Diversification warned NovAtel Communications must recruit a new partner or return an interest free loan early in 1992. The move follows Robert Bosch GmbH pulling a $100 million deal, risking up to $2 million in federal support and highlighting NovAtel’s ongoing financial struggles since its 1983 start.
MENTIONED IN THIS ARTICLE
Calgary
NovAtel Communications Ltd
NovAtel
Robert Bosch Gmbh
Brian Salley
Telus
Alberta
Bosch
Planes blocked as Iraq hostage exodus stalls
Reuters reporting that a British Airways plane was denied permission to land in Baghdad delaying the evacuation of foreign hostages. Iraq endorses Saddam Hussein's call to release captives, while Canadians in Baghdad struggle to obtain exit visas as government offices close.
MENTIONED IN THIS ARTICLE
Reuters-Ap-Cp
Iraq
Baghdad
Saddam Hussein
Kuwait
Michel Tetu
Tetu
USS
U.S
Joseph Wilson
British Airways
London
Amman
Iraqi Airways
Ottawa eyes long term safety net for farmers
Ottawa and provincial ministers meet in Brussels to discuss a new 1.5 billion dollar annual safety net fund to insulate Canadian farmers from low prices and bad crops. Initially for grain farmers, the plan aims for eventual inclusion of all farmers with cost shared by Ottawa, provinces and farmers.
MENTIONED IN THIS ARTICLE
Brussels
Ottawa
Don Mazankowski
Mazankowski
Gatt
Saskatchewan
Grant Devine
Alec Graham
Punta del Este
Uruguay
Unemployment hits 34-year high as Mulroney stays the course
Statistics Canada reports the unemployment rate rising to 9.1 percent in November, with 1.24 million job seekers and a 36,000 month rise. Opposition presses for policy changes while Mulroney defends austerity and gradual rate cuts. The participation rate falls to 66.9 percent signaling discouragement and a shrinking workforce.
MENTIONED IN THIS ARTICLE
Ottawa
Brian Mulroney
Statistics Canada
Mulroney
Liberal House
Herb Gray
Gray
Commons
Canadian senator sets filibuster record against GST
Senator Philippe Gigantes, 67, of Quebec, spoke for three more hours and extended a multi day debate against the goods and services tax. Officials of Guinness World Records showed interest as the Ottawa chamber faces a 43 hour plus world mark for male legislators. Lib eral senators push to delay the seven percent tax past January 1, with debate suspended and to resume Monday.
MENTIONED IN THIS ARTICLE
Ottawa
Joe DiMaggio
Roger Maris
Bob Beamon
Mexico City
Philippe Gigantes
Gigantes
Quebec
Lowell Murray
Senate
Western farmers urged to diversify to save wheat markets
Economist John Henning argues Canada should diversify Western crops beyond wheat as demand and export markets waver. He notes Canada produced 31.5 million tonnes of wheat last year but consumed only about a fifth, risking losses if buyers shrink. Manitoba analyst Carol Nachtigall cites fababeans and cranberries as examples of diversification amid volatile prices and crop failures.
MENTIONED IN THIS ARTICLE
Winnipeg
John Henning
Horace Greeley
West
Henning
McGill University
Canada
Carol Nachtigall
Manitoba
Nachtigall
Also Mentioned on This Page
Peter Mehrer
Edmonton
Telus Corp
Salley
Robert Bosch
Leone Bechard
Federal Department of Communications
Jenna Jans
Irvine
Santa
Southview
Jans
Medicine Hat
St. Nick
Frank Webber
Saddam
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