Weather Outlook Friday Mostly cloudy with slight shower risk
The forecast calls for mainly cloudy skies on Friday with a 10 percent chance of precipitation. Highs around 12 and lows near 2, with the map page reference at B4.
05 Mar 1987
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Mar 05, 1987
Page
1
The forecast calls for mainly cloudy skies on Friday with a 10 percent chance of precipitation. Highs around 12 and lows near 2, with the map page reference at B4.
The Bank of Canada set a new rate of 7.54 percent today, up from 7.53 percent last week as part of ongoing policy adjustments.
A 5.5 magnitude earthquake struck Antofagasta, Calama and Chuquicamata in northern Chile, lasting about 40 seconds. Authorities reported no injuries and widespread power outages as residents fled buildings. The area has more than 550000 residents.
Regina Saskatchewan's deficit for the 12 months ending March 31 is now expected at 1.2 billion, about 900 million more than forecast. Finance Minister Gary Lane warned that without action the 1987-88 deficit could reach 1.5 billion, adding to an accumulated PC-era shortfall of about 2.7 billion since 1982.
Winds and warm weather forced cancellation of downhill training on Mount Allan ahead of the women's World Cup event. ISF technical director Krecek warned the actual race may be scrapped if not resolved, with potential move to Vail for the final downhills of the season.
President Reagan, after counsel from friends and advisers, acknowledged that Iran policy was a mistake in a 13 minute Oval Office speech. He avoided a formal apology while asserting the Tower Commission findings show the arms for hostages plan deteriorated into a flawed approach.
The Canadian Association of Oilwell Drilling Contractors estimates thefts of wellsite gear last year ranged from 300000 to 500000 dollars. Thieves target drill bits, power tools, phones, cords, tires, clothing and TV sets, exploiting downtime when sites lack security.
Agriculture ministers refused to deny reports of a 20 per cent cut in initial export grain prices for 1987-88. Cha rles Mayer and John Wise avoided promising last year’s levels, saying a formal decision would come mid next month. Liberal Leader Turner urged guarantees and a new billion-dollar farm aid plan as the sector faces a crisis.
Willie de Wit, 25, pondered retirement after a second round KO by Bert Cooper on CBS. His trainer Jackie McCoy and manager Rod Proudfoot say he remains unsettled, privately discussing a return this weekend or quitting, with family pressure and readers offering strong support.
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