30 Jan 1987
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jan 30, 1987
Page
1
Medicine Hat News reports on Clark weighing an escape plan tied to a Hatter rumor in Vietnam. The item appears on page A2 with brief mention of speculation surrounding the scenario.
Variable clouds in the region with a ten percent chance of precipitation on Saturday. Highs and lows not specified in the excerpt. Map reference on page B3.
Finance Minister Michael Wilson announced a federal budget for February 18 his third in office. Analysts doubt another tax hike is affordable this year while major personal income tax reforms will wait until spring to ease the burden. Some measures may take effect at midnight February 17.
EDMONTON CP A patronage dispute erupts after Hugh Planche, former Alberta minister of economic development 1979 to 1986, is named to lobby the federal government on grain transportation policy. Planche says he will quit if a stink is raised over his appointment.
U S and Mexico signed an acid rain related deal aimed at reducing sulphur dioxide from border copper smelters near Arizona and Sonora. Canadians, led by Jim Wright, insist Ottawa is provoked as no Canada wide accord exists, calling the move patronage and indignant over the narrow scope and cross border implications.
Canadian energy ministers met to discuss energy security and self sufficiency with Alberta Saskatchewan and Quebec proposing new federal taxes and a five cent per litre gasoline surtax to fund mega projects such as the Alberta tar sands and offshore developments. Allan Gotlieb to brief on U S energy trade.
The Bank of Canada rate fell to 7.49 percent, the lowest in 13 years, with CIBC cutting consumer lending to 10.5 percent. The prime rate stays at 9.25 percent as the dollar falters and economists warn of a possible mild recession despite rate relief.
A Conservative backer urged a defence contractor to hire Roger Nantel to influence a $1 billion CF-18 maintenance bid. Nantel, a Mulroney ally, is part of the so called Mulroney mafia tied to the prime minister on past political setups and current land deals affecting defense contracts.
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