04 Feb 2000
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Feb 04, 2000
Page
1
Canada boosts its trend-setting rate to 5.25 per cent and banks lift prime lending to 6.75 per cent. Economists say higher borrowing costs will not severely dent consumer confidence or slow growth, while the Fed also signals inflation risk with a 0.25 point rise.
Prime minister Jean Chrétien told reporters the federal budget will be announced in about three to four weeks. He suggested Monday February 28 or March 6 as possibilities, noting Parliament's sitting schedule makes March 6 unlikely. Finance Minister Paul Martin’s office offered no comment, saying a formal announcement would come in due course.
Medicine Hat district avoids a 750000 deficit by keeping staff at Ross Glen and Crescent Heights. Parents praise the move while superintendent Beresh cites overstaffing and enrollment shortfalls as the cause, with budget cuts and reallocations planned.
Canada’s provincial premiers ended a one day meeting in Quebec City with a joint appeal to Prime Minister Chretien for increased health care spending and immediate action on the farmers’ financial crisis. Lucien Bouchard urged focus on health while confirming support for tax cuts already proposed.
William Kenway, who calls himself a BC anti tax leader, says he will pay two traffic fines in pesos. He was fined 316 for speeding and not wearing a seatbelt and may repeat the payment if he does not win an appeal.
Reform critics say two formal campaigns in the referendum are being arranged by opponents of merging with the Canadian Alliance while Reform officials talk of balanced debate. Bruce Stubbs and GUARD refuse participation citing unequal funding and biased resources.
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