Manufacturers face ripple effects from high interest rates
Canadian manufacturers and workers suffer as inflation fighting policies push up financing costs. In the last year 165000 factory jobs vanished, profits fell, and the spread between Canadian and foreign borrowing costs narrows competitiveness. Analysts warn service and other sectors may feel the hit if inflation persists and rates stay high.
MENTIONED IN THIS ARTICLE
Eric Beauchesne
Southam
Ottawa
Fred Telmer
Stelco Steel
Stelco
U.S
Detroit
Japan
Canada
Wood Gundy
Mandella's limited authority after release in South Africa
Nelson Mandela's freedom sparked euphoria and realignments in South Africa. The ANC split and reconciled with exile leadership as Walter Sisulu builds internal offices while De Klerk pushes reform. Mandela's health and stamina color the path ahead, with mutual respect shaping his alliance with De Klerk and the prospect of leadership.
MENTIONED IN THIS ARTICLE
Jonathan Manthorpe Southam
Harare
Zimbabwe
Nelson Mandela
Soweto
South Africa
Mandela
F.W. de Klerk
African National Congress
ANC
Lusaka
Zambia
Walter Sisulu
de Klerk
Britain
Canada should be restructured into five regions
Montreal columnist Alain Dubuc argues Canada should be reorganized into five regions instead of ten provinces to reduce political paralysis. He cites Newfoundland’s Meech Lake debate and the many small provinces, warning further expansion of provinces would worsen governance and expand a bloated cabinet.
MENTIONED IN THIS ARTICLE
Montreal
Canada
Alain Dubuc
la Presse
Newfoundland
Clyde Wells
House of Assembly
Meech Lake
Doonesbury and regionalism in Canada’s development
The excerpt argues that social and economic harms from centralized policy hurt small regions unable to develop infrastructure. It contends heavy dependence on Ottawa explains costly, ineffective regional development policies and suggests Canada should be restructured into regions rather than provinces.
MENTIONED IN THIS ARTICLE
Vinces
Ottawa
Trudeau plan for constitutional reform sparks debate in Canada
Paul Andre Comeau of Le Devoir argues for a revised constitution process after Meech Lake. He notes private talks by 11 first ministers during Ottawa week, calls for public hearings, and suggests cutting the amendment timeline from three years to one. John Yorston reports from Montreal.
MENTIONED IN THIS ARTICLE
Paul-Andre Comeau
le Devoir
Ottawa
Canada
Quebec
Also Mentioned on This Page
Canaan
Ted Newell
Dupont Canada
United States
Todd Rutley
Canadian Manufacturers’ Association
Rutley
Consumer Price Index
Statistics Canada
Mandella
Africa
Europe
Wells
Dubuc
Yukon
Northwest Territories
Olympic Stadium
Skydome
Toronto
Doonesbury
Donald J. Trump
Grone
Garry Trudeau
Comeau
John Yorston
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