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Medicine Hat News in Medicine Hat, Alberta

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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

Medicine Hat News

Location

Medicine Hat, Alberta, Canada

Date

Dec 17, 1981

Page

8

Warsaw links restored after Polish embassy outage

Ottawa said Poland has restored communications between the Canadian Embassy in Warsaw and the outside world after a weekend cut off. Prime issues included the Polish regime's martial law and Canada’s cautious response, with about 250 Canadians in Poland and diplomats reporting safe conditions.

Ottawa Warsaw Stanislaw Pawlak Canada Mark MacGuigan Pawlak MacGuigan John Fraser Poland Paris Cncp Telecommunications London Senate Ray Perrault United States

Moose Jaw oil plant plan eyed near Archydal

Moose Jaw mayor Herb Taylor hailed news that a five company consortium intends to build a heavy oil upgrading plant near Archydal, about 16 kilometres north of Moose Jaw. He called it the greatest shot in the arm for Moose Jaw since the Canadian Forces base opened 30 years ago and said it could be a major provincial development.

Regina Herb Taylor Moose Jaw Taylor Archydal Saskatchewan

Saskatchewan oil upgrader aims to spark regional boom

A five member consortium led by SaskOil Husky Oil Operations Gulf Canada Petro Canada and Shell Canada plans a heavy oil upgrader near Moose Jaw with capacity to produce about 40000 barrels daily. Construction could start 1983 with operation in 1985 pending environmental and royalty approvals. The project would employ 25000 during peak and boost housing service and construction in Moose Jaw and surrounding area.

SaskOil Saskatchewan Husky Oil Operations Ltd Moose Jaw Price Taylor Regina

Canada Banks Earn Global Trust Through Strong Regulation

Canada has built a reputation for strength and stability in banking. Regulators oversee sound lending, capital adequacy, and asset quality, with external auditors and government supervision ensuring depositor protection. The Canada Deposit Insurance Corporation backs deposits up to 20000 per depositor, with no claims filed to date.

Anada

Strengths of Canada’s Banking System

The Canadian system benefits from a relatively small number of chartered banks. The Bank Act allowed foreign banks to incorporate, increasing the count to 32 by December 16, 1981, domestic and foreign. In contrast the United States has about 15,000 banks, creating a complex multi tiered regulatory framework across federal and state lines.

Canada United States

Bankers Provide Assurance On Safe Savings

The Canadian Bankers Association promotes a well organized self regulation and government monitoring system that guards deposits and preserves the Canadian banking system’s soundness and stability. The advertisement labeled SCCUPe No. 6 explains why savers can trust their money with banks.

Ottawa to check foreign business under industry dialogue

Industry Minister Herb Gray announced Ottawa will use a new industry dialogue to assess whether foreign firms act as good corporate citizens. He stressed this differs from earlier pledges to strengthen the Foreign Investment Review Agency and noted delays in reform plans, with details to be announced soon.

Ottawa Herb Gray Gray Foreign Investment Review Canada Chicago Foreign Investment Review Agency U.S Europe Japan

Ontario Hydro pays premium for uranium amid political supply concerns

Ontario Hydro faces an annual premium of up to 50 million dollars for uranium from Denison Mines and Rio Algom due to long term contracts negotiated 1974 to 1978. The head of Hydro’s fuels division says the higher costs stem from low grade deposits and expanded mine financing, though the contracts preserved about 2,500 Ontario jobs and kept Elliot Lake active during mining downturns.

Toronto Ontario Ontario Hydro Alan Holt Ina Hydro Elliot Lake Denison Mines Ltd Rio Algom Ltd Saskatchewan U.S Denison Holt

Also Mentioned on This Page

By Joe Balko Bank Inspector General Federal Department of Finance Minister of Finance Canada Deposit Insurance Corporation CIDC Canadian Bankers’ Association Bank of Montreal the Bank of Nova Scotia Toronto Dominion Bank National Bank of Canada Canadian Imperial Bank of Commerce The Royal Bank of Canada Mercantile Bank of Canada Bank of British Columbia Canadian Commercial Bank Northland Bank Continental Bank of Canada Abn Bank Canada Bank of America Canada Barclays Bank of Canada Continental Hlingis Bank Deutsche Bank Hongkong Bank of Canada Korea Exchange Bank of Canada National Bank of Detroit Banque Nationale de Paris Swiss Bank Corporation the Bank of Tokyo Banca Commerciale Tatiana of Canada Credit Commercial de France Dresdner Bank Canada Iwing Bank Canada Midhind Bank Canada Morgan Bank of Canada Paribas Bank of Canada Security Pacific Bank Canada Cimon Bank of Switzerland Crobank Canada Tonys Floor Styles Ltd RED Carpet Service S. Railway St Med
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