Ottawa budget slashes wages as 6 percent caps hit many
Finance Minister Allan MacEachen imposes two year wage and price ceilings on federal employees and pensioners to fight inflation. He raises taxes and expands grants for first time home buyers while boosting child tax credits and proposing new investment certificates to ease mortgage costs.
MENTIONED IN THIS ARTICLE
Ottawa
Allan MacEachen
MacEachen
Ottawa outlines MacEachen budget pushing restraint and growth
Finance Minister Allan MacEachen unveils a budget urging wage limits of six percent for the year starting July and five percent thereafter. It forecasts a $19.6 billion deficit, $78.1 billion in expenditures, and $58.6 billion in revenues, plus measures to aid housing, small business, and tax credits.
MENTIONED IN THIS ARTICLE
Ottawa
Allan MacEachen
Foreign Investment Review Agency
Weiner Honored as Member of the Order of Canada
Harry Weiner former mayor of Medicine Hat is appointed a Member of the Order of Canada. The notice appears on Page 2. Also mentions weather and a Beirut cornered guerrilla surrender demand on Page 16.
MENTIONED IN THIS ARTICLE
Weiner
Harry Weiner
Medicine Hat
Order of Canada
Too little too late say area farmers
Medicine Hat area farmers and ranchers say the federal budget announced Monday is too little too late for the agricultural industry. Wayne Heller, Zone 1 chairman of the Alberta Cattle Commission, called the move something they might have liked to see seven months ago.
MENTIONED IN THIS ARTICLE
Medicine Hat
Wayne Heller
Alberta Cattle Commission
Public wage controls imposed by Ottawa on federal workers
Ottawa imposes sweeping wage caps for 500 000 federal employees plus Crown corporations the military RCMP MPs and senators set at six percent for 12 months and five percent the next year any higher increases signed before budget night are allowed to stand but new legislation blocks future raises. Unions promise resistance as farmers face costs and energy pressures.
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Canada Pension Plan
The
Commons
MacEachen
Ottawa
Allan MacEachen
RCMP
Canadian Labor Congress
CLC
Dennis McDermott
Heller
Farm Credit Corporation
Unifarm
Gordon Blanchard
Blanchard
Canada races toward low mood after MacEachen budget
Ottawa critic argues the budget worsens recession risks. Taxes rise by more than 4 billion, with 1.3 billion starting January and unemployment insurance premiums up next year. Deficit climbs past 19.6 billion as the economy slows, job losses mount, and inflation persists.
MENTIONED IN THIS ARTICLE
MacEachen
Canadian dollar slides after disappointing budget
The Canadian dollar traded under 77 cents U.S. in morning trading as Finance Minister Allan MacEachen's budget was called very disappointing. It opened at 76.91, dipped from 77.70, and hovered around 76.98 to 76.99 by noon with traders predicting further weakness.
MENTIONED IN THIS ARTICLE
Montreal
U.S
Allan MacEachen
Free flag giveaway for Canada Day in Medicine Hat
The Medicine Hat News offers a free full page Canadian flag in Wednesday edition. Readers can display the flag in windows at picnics or wave it at ball games to celebrate Canada’s 115th birthday on July 1.
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Canada
The
Medicine Hot News
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