Canada to keep float as dollar value shifted by accord
Ottawa reports the dollar will continue to float freely after a G Ten agreement lowers the U.S. dollar by 8.57 percent and removes a 10 percent import surcharge. Finance Minister Benson says talks will continue with Canada aiming to edge toward a pegged value while defending free movement and trade rights. He notes potential shifts in auto production terms and duty free imports, with cautious optimism from business leaders.
MENTIONED IN THIS ARTICLE
Arch MacKenzie Ottawa
U.S
Washington
E. J. Benson
Commons
Japan
West Germany
Britain
France
Benson
Treasury
John Connally
Canada
Nixon
Kingston
Robert Stanfield
Stanley Knowles
Winnipeg North
NDP
Davie Lewis
Congress
al Washington
Senate routes tax bill to banking committee
The Senate sent the government tax bill to its banking committee for detailed study after an unusual Saturday session approved it in principle. Senators urged thorough review of the 332 clauses, with some calling for the full committee scrutiny to preserve the chamber’s veto over rushed passage.
MENTIONED IN THIS ARTICLE
Senate
Ottawa
Chamber of
Banking Committee
Paul Martin
Donald Cameron
Ind
Lalberta
Allister Grosart
Pc-Ontario
Tremor Jolts Montreal Area Shaking Ottawa Laurentians
A 10:37 a.m. tremor affected a wide zone from Montreal to the Laurentians and Ottawa valley. It lasted 15 to 20 seconds in Ottawa and about six in Quebec, with reports of beds jolted, windows broken near Mont Tremblant, and a slight bump felt in Montreal. no injuries reported yet.
MENTIONED IN THIS ARTICLE
Montreal
Ottawa
Laurentians
Quebec
Mont Tremblant
U S dollar strengthens amid Washington accord end of uncertainty
In London trading the dollar rose as ministers from the Group of Ten reached a realignment decision, boosting U S stocks and eurodollar bonds while gold prices slipped. Frankfurt and Zurich fixed lower bullion rates, and Swiss parity rose as the dollar opened stronger in interbank markets.
MENTIONED IN THIS ARTICLE
London
U.S
Washington
Frankfurt
Zurich
Switzerland
London Foreign Exchange
American Express
Trudeau urges year round schooling to curb youth unemployment
Ottawa reports Prime Minister Trudeau urges provinces to adopt year round schooling to keep students out of the summer labor market. He says until full year schedules replace summer breaks, federal programs will continue for youth employment and points to the agricultural base of current calendars as a factor.
MENTIONED IN THIS ARTICLE
Ottawa
Trudeau
Eye for an eye byword in Dacca violence after victory
In Dacca, Bengalis seek revenge on Bihari collaborators as Indian troops try to halt back street killings. About 5,000 Bangla Desh guerrillas roam the city dispensing justice to suspected traitors while a crowd gathers daily at a scene of fresh brutal deaths.
MENTIONED IN THIS ARTICLE
Dacca
East Pakistan
Unprecedented Sadat summons Egypt security council meeting
Cairo reports say President Anwar Sadat called an unprecedented joint meeting of the National Security Council and the Arab Socialist Union central committee to hear an inclusive report from key ministers. London Telegraph notes Sadat plans a resumed fighting stance against Israel, aiming for a limited war.
MENTIONED IN THIS ARTICLE
Cairo
Anwar Sadat
National Security Council
The
Arab Socialist Union
Egypt
al Ahram
Sadat
Mohamed Sadek
Mahmoud Riad
Mahmoud Fawzi
London
Reuter
London Daily Telegraph
Israel
Beirut
Egyptian National Security Council
Telegraph
Bhutto Succeeds Yahya Khan as Pakistan President and Chief Martial Law Administrator
Former president Yahya Khan resigns after Pakistan's two week war with India. Zulfikar Ali Bhutto, returning from the United States, sworn in as president and chief martial law administrator while martial law continues. Bhutto had led the Pakistan People’s Party and opposed Ayub Khan’s regime since 1958.
MENTIONED IN THIS ARTICLE
AP Reuter
Agha Mohammed Yahya Khan
Zulfikar Ali Bhutto
Pakistan
Yahya Khan
India
Bhutto
United States
United Nations
Nixon
Mohammed Ayub Khan
Yahya
Pakistan People's Party
Ayub
North Vietnamese Overrun Plain of Jars in Laos
About 15,000 North Vietnamese troops with tanks and an anti-aircraft regiment overran the strategic Plain of Jars in northern Laos. Laotian defence minister Tsouk Nachampassak said the attack hit all government positions, with heavy losses including two T-28 planes and several U.S. aircraft shot down.
MENTIONED IN THIS ARTICLE
Vientiane
Laos
Plain of Jars
Tsouk Nachampassak
Souk
van Pao
United States
Also Mentioned on This Page
Microfilm Ltd
Bank of Canada
Sages Vane Han
Paris
Ee Parisien
Moni
Paris Stock Exchange
Gov't
By Dennis Neeld
Tashkent
Lal Bahadur Shastri
People's Party
Zulfikar Ali Bhutto Takes
N. Vietnam
Laos Plain
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