Petro-Canada to Acquire Petrofina Canada for 1.46 Billion
Petro-Canada reached a deal to buy Petrofina Canada Ltd. for 1.46 billion, subject to board and minority shareholder approval. Petrofina SA controls 71 percent. Petro-Canada offers 120 a share for over 12 million shares, aiming to own 51 percent by year end and full control within three years. The acquisition, the largest in Canadian history, expands Petro-Canada to about 4.2 billion in assets. Imperial Oil remains larger. Weather notes: Sunny, High 0, Low -10.
MENTIONED IN THIS ARTICLE
Commonwealth Hicrofilm
Canada
Ouetrofina
OBS Ariie Montreal
Petro-Canada
Petrofina SA
Petrofina Canada Ltd
Petrofina Canada
Brussels
Crown Corporation
Montreal
Toronto
Vancouver
Petofina. SA
Imperial Oil Ltd
Pacific Pete
Petro- Canada
Court backs feds in patriation case in Manitoba appeal
Manitoba Court of Appeal sides with federal government over six provinces seeking provincial consent for patriation of the constitution. Chief Justice Freedman says a binding convention requiring provincial agreement does not exist, rejecting the provinces' claims and noting uncertain, variable practice. Newfoundland and Quebec appeals upcoming in Feb and March.
MENTIONED IN THIS ARTICLE
Winnipeg
Manitoba Court of Appeal
Samuel Freedman
Manitoba
Freedman
Newfoundland
Quebec
Peal
Trudeau
Alberta
British Columbia
Prince Edward Island
Four Nations Confederacy
Canada posts record 1980 trade surplus of 7.96 billion
Statistics Canada reports a record 1980 trade surplus of 7.96 billion, with exports rising 16.7 percent to 76.1 billion and imports up 11.3 percent to 68.1 billion. Despite the surplus, the country faces a balanced account deficit when all international transactions are considered.
MENTIONED IN THIS ARTICLE
Ottawa
Statistics Canada
Federal Finance Department
United States
U.S
Japan
Canada
Terry Fox Faces Last Possible Cancer Treatment
Doctors at Royal Columbian Hospital say only Interferon remains as a potential option to combat Terry Fox’s spreading cancer. Chemotherapy and other treatments have failed, with tumors in his lungs progressing toward his abdomen and lymph glands. Fox, not present at the briefing, has been discharged to his Port Coquitlam home.
MENTIONED IN THIS ARTICLE
New Westminster
B.C
Royal Columbian Hospital
Terry Fox
Ladislav Antonik
Fox
Port Coquitlam
Antonik
Ottawa repays $600 million loan to defend dollar
The Canadian government repaid $600 million of the $900 million standby loan from banks, to prop up the dollar. The repayment reduced January international reserves by $593 million to $3.43 billion, with reserves valued in U.S. dollars as the chief currency in markets.
MENTIONED IN THIS ARTICLE
Ottawa
U.S
Finance Department
International Monetary Fund
Medicine Hat Votes To Approve 46.7 Million Capital Budget
Medicine Hat council approved a 1981 capital program totaling 46,764,515 led by a 31 million utilities budget funded by a 20 million gas reserves initiative. Major projects deferred include a police building and city hall while a new health unit building and river valley park development receive provincial and reserve funding.
MENTIONED IN THIS ARTICLE
Medicine Hat
Council
Capital Works
Utilities
Seven Persons
George Davison
Ted Grimm
Ross Glen
Northeast
Fire Department
First Street
S.E
Alberta Transportation
Maple Avenue S.E
Allowance Avenue
Weiner
Community Services
River Valley Park System
River Valley Park
City Debates Test Sunday Shopping ByLaw Enforcement
Medicine Hat council moves to draft a sample Sunday shopping bylaw to test enforceability. The bylaw would be sent to Alberta Attorney General Neil Crawford for a stance on enforcement of the Lord's Day Act, with further request for the province's position.
MENTIONED IN THIS ARTICLE
Medicine Hat
George Davison
Neil Crawford
Alberta
Ald
Ken Sauer
Crawford
Ted Grimm
Grimm
Aid
Bill Keith
Alberta Urban Municipalities Association
Davison
Lee Anderson
Attorney-General
AUMA
Attorney-General’s Department
Southview
Council
Anderson
Also Mentioned on This Page
Terry
Elmer
Madge Nieman
Kensington
Tamara Carlin
Lairen Carlin
Frank Webber
Richard Helm
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