No relief in sight say board
The Conference Board of Canada warned of no relief from high interest rates double-digit inflation and a weakening dollar. With the loonie near 76.86 U.S. cents the analysis predicts 1982 output shrinkage up to two percent and no dramatic policy fix expected.
MENTIONED IN THIS ARTICLE
Byles Whittington Southam News
Montreal
Conference Board of Canada
U.S
Thomas Maxwell
Tory walkout halts Commons debate over Trudeau questions
Progressive Conservative House Leader Erik Nielsen led MPs out of the chamber after Deputy Speaker Francis ruled questions out of order. The walkout came during a late session as Liberals pushed a 76.4 billion dollar government spending bill for 1982-83, which received royal assent in the Senate.
MENTIONED IN THIS ARTICLE
Commons
Tory House
Erik Nielsen
Nielsen
Jeanne Sauve
Lloyd Francis
Liberals
Eee
Senate
Government House
Yvon Pinard
Francis
Sauve
Saskatchewan mortgage subsidy aids 105000 homeowners
The Saskatchewan legislature tabled a three year program to cut mortgage interest to 13 percent for about 105000 homeowners, costing the province 56 million dollars in 1982. Subsidies, monthly payments to homeowners, apply to mortgages up to 50000 on principal residences. The program expires June 30 1985 and is monitored by the province with administration by financial institutions.
MENTIONED IN THIS ARTICLE
Joe Balko Regina
Saskatchewan
Grant Devine
Devine
Revenue Canada
Allan Blakeney
Tom Pope
Canadian Bankers’ Association
Norm Bromberger
Credit Union Central
Pope
Bank of Montreal
Blakeney
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