Loonie falls near all time low as RBC raises mortgage rates
The dollar slips to within a quarter cent of its record low as mortgage rates climb again. Royal Bank of Canada leads with a fourth rate hike in under a month, lifting short term rates up to 6.65 percent for one year closed and 7.25 percent for one year open, with six month and convertible rates also rising. Royal Bank economist Carlos Leitao cites currency weakness lifting securities costs for funding.
MENTIONED IN THIS ARTICLE
Ottawa
Royal Bank of Canada
Bank of Canada
Royal Bank
Carlos Leitao
Plea Offer Refused in Unabomber Case
The offer by Theodore Kaczynski to plead guilty to the Unabomber charges in exchange for life in prison without parole was rejected by U.S. officials. The negotiations were disclosed by the New York Times citing a Justice Department participant. The death penalty review committee, led by Attorney General Janet Reno, turned down the proposal.
MENTIONED IN THIS ARTICLE
New York
Gopher Hole Muse Faces Office Closure On New Year
Torrington's 67 stuffed gophers in street clothes and scenes of domestic bliss are at risk as village dissolves into a hamlet. Officials clash over whether the village office will be taken for the fire department. Irene Wilson warns tourism and the sewing volunteers would lose a base without the space.
MENTIONED IN THIS ARTICLE
Torrington
Rick Vickery
Kneehill
Irene Wilson
Running Shoes Not Safer Says McGill Study
McGill University researchers Steven Robbins and Edward Waked contend running shoes do not reduce injuries and may encourage overconfidence in footwear. The British Journal of Sports Medicine report drew global attention and Nike questioned the study’s scope while defending its products.
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Montreal O
New Zealand
Ireland
U.S
McGill University
Steven Robbins
Edward Waked
Cadillac
British Journal of Sports Medicine
Robbins
Bette
Australia
United Kingdom
Nike
Roy Agostino
Canadian killer awarded 75000 in prison injury case
The Federal Court of Canada ruled convict Patrick McGuire should receive 75000 in compensation for a neck injury from a hay bale incident in a Kingston area prison. If interest and legal fees are added the amount could top 100000, with McGuire unable to work since his May 1998 release.
MENTIONED IN THIS ARTICLE
Ottawa
Federal Court of Canada
Patrick McGuire
Lawrence
Corrections Canada
McGuire
Greenspon
Kmart closes ten stores in Canada despite Hat branch stay
KMART will close ten loss making outlets affecting 270 full time and 486 part time staff across Newfoundland New Brunswick Quebec Ontario B C and Edmonton while the Medicine Hat location remains open. Store officials say nearby transfers and career counselling will aid workers. Analysts cite competition with Wal Mart Canada and Heller’s outlook that profits may return in 1998 after 1997 sales of 1.1 billion and 12 600 employees company wide.
MENTIONED IN THIS ARTICLE
Medicine Hat the Hat
Kmart
Kmart Canada Co
Tom Coulter
Hat
Coulter
Toronto
Graham Spicer
George Heller
Canada
Spicer
Newfoundland
New Brunswick
Quebec
Ontario
B.C
Edmonton
Wal-Mart Canada
Hellers
Kmart Corp
Heller
B C couple claim $15M lottery prize
Brian Yuzwa of Port Moody finally claimed British Columbia's $15 million Lotto 6 49 prize from the Nov 15 draw. The couple delayed revealing the win to keep life simple and told immediate family first while planning for major changes.
MENTIONED IN THIS ARTICLE
Vancouver B.C
British Columbia
Mary
Isct
Brian Yuzwa
Port Moody
Also Mentioned on This Page
Southam Newspapers
Peter Mad Dillon Fagen
Crestwood Pool
Associated Press
Kathleen Winsor
William F. Gaines
Whartt
Ann Landers
Southam
Reebok
Nets
JIM Morris Canadian Press
Rod Edwards
Canadian Press
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