Clark slams Trudeau as rates bite Canadians hard
Joe Clark charged that Pierre Trudeau's priorities are upside down as high lending rates reach a record 20 percent. He urged restraint on federal spending, selling Petro-Canada shares to foster Canadian ownership, and backed Alberta's halt on two oil sands plants until an energy agreement is reached.
MENTIONED IN THIS ARTICLE
Spruce Grove
Alta
Pierre Trudeau
Joe Clark
Clark
Yellowhead
Trudeau
Petrofina
Spruce Grove Composite High School
Petro-Canada
Alberta
Canadian businessmen blamed for missing Arab market potential
Tom Heenan of the Hassan Ali Ben Ali Group in Qatar told the Contrade 81 trade conference that Canadian firms are seen as uninitiate and naive in the Middle East. He cited Saudi Arabia's 100 billion dollar budget for capital construction and noted Belgium does more business there. Heenan warned Canadians to follow up on opportunities, then apologized for blunt remarks.
MENTIONED IN THIS ARTICLE
Edmonton
Tom Heenan
Hassan Ali Ben Ali
Middle East
Heenan
Qatar
Saudi Arabia
Belgium
Canada
Horst Schmid
Alberta
Amnesties End Calgary Hostage Drama After Five Days
In Calgary, Ted Drabick agreed to surrender after Alberta Attorney General Neil Crawford promised amnesty for his wife Anne, ending a five day hostage siege. Court heard tapes of negotiation with city lawyer Webster Macdonald Jr. and details of mortgage and loan renegotiations with TD Bank and Bank of Commerce.
MENTIONED IN THIS ARTICLE
Calgary
Ted Drabick
Alberta
Neil Crawford
Court of Queen’s Bench
Drabick
Webster Macdonald Jr
Anne
Toronto Dominion Bank
Bob Redfern
Mark Pollard
Macdonald
Bank of Commerce
Rudolph Mayer
Nuclear energy urged to meet NIC challenge in Europe
Walther Casper, a West German industrialist, told the Contrade 81 conference that Europe must adopt radical changes including nuclear energy development to reduce oil dependence and compete with Newly Industrialized Countries. He warned aging energy gaps and rising NIC debts require structural shifts, stressing high tech industries over labor intensive manufacturing.
MENTIONED IN THIS ARTICLE
Edmonton
Western
Europe
Walther Casper
Organization of Petroleum Exporting Countries
Casper
Orangesellschaft
Frankfurt-Main
European Economic Community
EEC
Quebec
West Germany
South Korea
Taiwan
Rain eases drought fears in southeastern Alberta
Rainfall last month boosted the Oldman and Highwood basins feeding the South Saskatchewan, with plains averages about 250 percent above normal and mountains 30 percent. Hydrometric engineer David Graham notes no irrigation or hydro shortages this year, but warns a belt of rangeland remains drier than normal. May rainfall reached about 350 millimetres, and rivers are returning to normal yet high flows are possible in June.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
David Graham
Alberta River Forecast Centre
Oldman
Highwood
South Saskatchewan
Graham
Ivany presses for action over two Alberta social workers
Alberta ombudsman Dr. Randall Ivany vows to press for action after a report faulted two social workers for failing to inform courts in child welfare cases. He will meet Social Services Minister Bob Bogle to urge disciplinary steps, while the department says no unlawful conduct was found. A related case saw a judge remove a child based on a worker's advice, and the child later died with the father charged in the death.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Randall Ivany
Ivany
Bob Bogle
Brian Miller
Social Services
Attorney-General’s Department
Esso warns Cold Lake project may shut down
Esso Resources Canada says the 11.6 billion Cold Lake heavy oil project may shut this fall if the federal and Alberta governments do not reach satisfactory energy price and resource-sharing terms by June end. About 500 work there. current cash flow is red due to price, taxes, and depletions.
MENTIONED IN THIS ARTICLE
Calgary
Esso Resources Canada Ltd
Arden Haynes
Haynes
Cold Lake
Alta
Esso
Alberta
Marc Lalonde
Alberta Energy
Merv Leitch
Banff
Ottawa
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Canadian Imperial Bank of Commerce
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