Canada Looks to Unveil Foreign Ownership Policy
After four years of searching Ottawa plans to publish a new foreign investment policy before Christmas. Prime Minister Pierre Trudeau, in Washington with President Nixon, says background material will accompany the policy, with a possible January adjournment. A proposed Ottawa screening agency would oversee foreign capital and block direct investment when misaligned with industrial priorities, while preserving Canadians’ sovereignty and growth.
MENTIONED IN THIS ARTICLE
Ottaway
Canada
House of Commons
Commons
Pierre Trudeau
Washington
Richard Nixon
Trudeau
U.S
Nixon
Canadian Forum
Lester Pearson
Watkins
Melville Watkins
India rejects ceasefire in evolving Indo Pakistan crisis
The UN looming action on a ceasefire faces division as India rejects an immediate halt and Pakistan insists on binding measures with UN observers. Pakistan calls for border observers while India pledges steps toward East Pakistan independence and resists UN border supervision. Canada signals potential observer support.
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United Nations
Indian Subcontinent
Security Council
General Assembly
Pakistan
Assembly
India
U Thant
Thant
Agha Sahi
Indira Gandhi
East
Canada
Mitchell Sharp
Ottawa
Kashmir
East Pakistan
Calcutta
Dacca
Ganges
Rikhye
Jessore
Khulna
Chittagong
Bridgehead Established on Meghna River Near Dacca
Indian troops vaulted the last river barrier to Dacca and set a bridgehead on the Meghna, 36 miles northeast of the provincial capital, unopposed on the west bank at Ashuganj. Troops crossed by river steamer and helicopter as air support intensifies the campaign.
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Meghna River
Dacca
Meghna
Ashuganj
Col
B. P. Rikhye
Calcutta
Farmers Union to intensify campaign against exploitation
The National Farmers Union in Winnipeg declared it will be the sole voice for agriculture and push to reshape Canada’s economy, arguing it exploits rural people. President Roy Atkinson outlined plans for a farmers task force, licensing proposals, and collective bargaining, with 10,000 new members sought by year end.
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Winnipeg
National Farmers Union
Canada
Roy Atkinson
Saskatoon
Maritimes
Ontario
The
Prairies
British Columbia
NFU
NFA
Saskatchewan
Saskatchewan Federation of Agriculture
Provincial Association of Rural Municipalities
Atkinson
Unifarm backs plan to stabilize feed grain market
Unifarm delegates at the Alberta farmers group meeting approve a plan to stabilize feed grain returns via a supplementary cash advance and a lower initial price quota. The proposal seeks changes to the Wheat Board and Grain Cash Advance Act to remove the $6,000 ceiling and may impose quotas on non board grain sales or purchase all grain at a floor price.
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Edmonton
Unifarm
Alberta
Canadian Wheat Board
Prairie Grain
Wheat Board
Congress Passes Tax Cut Bill for Businesses and Individuals
Congress sent to President Nixon a 15.8 billion three year tax cut bill with export incentives. It authorizes domestic international sales corporations or DISC plans and offers tax deferral on half of export sales. The DISC plan alarms Canada over potential U.S. investment shifting and reduced competitiveness of Canadian goods.
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Washington
Congress
Nixon
U.S
Canada
United States
Union and Post Office clash over contract talks in Ottawa
Fresh hostilities erupted in Ottawa as the Letter Carriers Union of Canada and the Post Office spar over a report by Carleton University economist Richard Vanderberg accusing the government of breaking the current contract. The dispute centers on consultation and the Union's view that such action undermines collective bargaining. Talks are set to resume next month to negotiate a new agreement ahead of the March 26 expiry.
MENTIONED IN THIS ARTICLE
United States
Homer Stephens
United Fishermen and Allied Workers Union
Vancouver
Jessica Govea
Keene
Calif
Cesar Chavez
United Farm Workers of America
NFU
Kraft Foods Ltd
Ottawa
Letter Carriers Union of Canada
Post Office
Carleton University
Richard Vanderberg
Vanderberg
Jean Pierre Cole
Treasury Board
Letter Carriers Union
Union of Postal Workers
Postal Workers Union
Saul Alinsky
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NDP
Walter Gordon
Gray
Phutala
Karachi
West Pakistan
Apreuter
RAF
Radio Pakistan
Hilli
China
Rasthad
Barisal
Chhamb
Crowsnest Pass
Union
Nick Hills
Southam News Services
Prof. Vanderberg