Canadian dollar sinks to 49 year low as U S rates surge
Montreal reports the Canadian dollar slipping below 83 U S cents for the first time since 1933 amid U S prime rates near 20 percent and Canada’s 17 percent, with analysts blaming BoCs lending rise and political energy squabbles. Ottawa's Allan MacEachen criticizes U S Federal Reserve policies.
MENTIONED IN THIS ARTICLE
Montreal
U.S
Bank of Canada
Canada
Ottawa
Allan MacEachen
The
Commons
Federal Reserve (Board
United States
Oil exploration funds flow to U S
Calgary reports that U S exploration funding floods across the border as Canada risks a downturn next year. A Herald survey of 36 of 150 oil firms shows Canadian exploration dropping from 64.19 percent this year to 30.72 percent next year, while U S spending could rise to 437 614 million dollars.
MENTIONED IN THIS ARTICLE
Calgary
Canada
United States
Herald
The
U.S
Ottawa
Alberta
Edmonton may double in size with annexations
Alberta local authorities board proposes Edmonton expand to include St. Albert Sherwood Park and parts of two counties and Refinery Row doubling area to about 830 square kilometres and population by 90 000 However opposition says report is tropic and shallow and will contest for six months until legislature debate expands city council to include annexed area and guarantees jobs while Edmonton gains veto power over development
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Local Authorities Board
St. Albert
Sherwood Park
Richard Fowler
Cial
Marvin Moore
Monton
Elk Island Park
Polish bishops urge calm amid Poland reforms and Soviet tensions
Poland's bishops warned independent labor union leaders against reforms that could invite Soviet intervention. The statement urged national renewal and avoiding actions that endanger freedom and statehood, signaling concern over public dissent and regional security amid Kremlin buildup on Poland's border.
MENTIONED IN THIS ARTICLE
Warsaw
Poland
Canadians reject Queen as head of state in polls
A Goldfarb public opinion poll shows 48.8 percent support keeping the Queen as head of state, while at least 81.2 percent want constitution brought from Britain and about 80 percent back freedom of religion and speech and language rights. The survey notes distrust of unilateral Trudeau actions and cites broader support for constitutional aims but not the method.
MENTIONED IN THIS ARTICLE
Ottawa
Trudeau
Canada
Britain
Gallup
Goldfarb
Justice
Jean Chretien
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Towa
Bank of
AIR West
Air 8.C
Victoria
Inner Harbor
B.C
Pat Jordan
First Street
S.E
Sixth Avenue
Frank Webber
Soviet Bloc
Kremlin
Soviet Union
Alojz ¥ Orszulik
Chretien
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