Banks raise rates to 18.71 percent record high
Ottawa reports the Bank of Canada rate jumped to 18.71 percent, with major banks lifting prime lending to 19.5 percent. Officials warn high rates are to curb inflation while critics argue they devastate small businesses and homeowners. Economists foresee further increases before a possible summer moderation.
MENTIONED IN THIS ARTICLE
Ottawa
Bank of Canada
Allan MacEachen
Gerald Bouey
Ian Deans
New Democratic Party
Hamilton Mountain
John Crosbie
MacEachen
Bouey
St. John's-West
Trudeau
Crosbie
Deans
Forrest Rogers
Bank of Nova Scotia
Rogers
U.S
Michael Jensen
McLeod Young Weir Ltd
Toronto
Statistics Canada
Henry Pold
Pold
Lougheed backs gas export pact to ease rates
Premier Peter Lougheed proposes a federal Alberta British Columbia plan to export more Canadian natural gas to the United States to reduce balance of payments drains and lower interest rates. He argues U S money flowing to Canada would boost investor confidence and support the Bank of Canada.
MENTIONED IN THIS ARTICLE
Edmonton
U.S
Peter Lougheed
Bank of Canada
Canada
Lougheed
Alberta
B.C
Gerald Bouey
Moose Jaw
Bouey
Social Credit
Tom Chambers
Chambers
Agriculture
Dallas Schmidt
Agriculture Development Corporation
Schmidt
ADC
NDP
Grant Notley
Notley
Exile leader Carbonneau to return to Quebec soon
Marc Carbonneau, one of the two remaining exiled FLQ members sought for the 1970 James Cross kidnapping, is expected to return to Quebec within a few days, according to a provincial justice department official Denis Blais.
MENTIONED IN THIS ARTICLE
Montreal
Marc Carbonneau
Front de Liberation du Quebec
James Cross
Quebec
Justice Department
Denis Blais
Quebec City
Carbonneau
Hungarian ceramic venture eyed for Medicine Hat
A delegation of Hungarian industrialists is to visit Medicine Hat this month to explore a joint venture with local ceramic firms. City manager Dave Cormier says talks with Canadian ceramic officials should revive interest sparked by former mayor Milt Reinhardt. If formed, the venture would combine Hungary's technology with Canada's marketing know-how.
MENTIONED IN THIS ARTICLE
Medicine Hat
Dave Cormier
Hungary
Milt Reinhardt
Reinhardt
Budapest
Alberta
Iron Curtain
Horst Schmid
Cormier
Funeral Sparks New IRA Resolve Amid Ulster Unrest
Riots and sniper fire flare in Northern Ireland after Bobby Sands burial as IRA vows to end British rule. In Dublin a bungled assassination attempt targets former minister Garrett Fitzgerald. Police warn of threats while mobs attack security forces in Belfast Londonderry and Strabane. one officer wounded. an army unit captures a gunman.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Irish Republican Army
Bobby Sands
Ireland
Dublin
Irish Republic
Garrett Fitzgerald
Fine Gael
IRA
Ulster
Sands
Owen Carron
Northern
Provisional
Irish National Liberation Army
Londonderry
Strabane
April jobless figures down lower youth unemployment eases rate
Ottawa reports April unemployment at 7.0 percent, down from 7.4, the lowest since June 1976. Youth rates fall to 12.8 percent for 15-24 year olds, with men at 12.8 and women at 12.0, while major cities show mixed shifts and Windsor tops at 13.6 percent.
MENTIONED IN THIS ARTICLE
Ottawa
Statistics Canada
Prince Edward Island
Nova Scotia
Newfoundland
Saskatchewan
Alberta
Quebec
Ontario
Manitoba
British Columbia
Windsor
Ont
Alberta lawmakers find common ground across partisan divide
Two Alberta opposition figures reached a rare accord in the legislature, signaling a tentative cross party agreement. The dialogue suggests shifting political dynamics as debates unfold.
MENTIONED IN THIS ARTICLE
Alberta
Frontier oil rules eyed as govt hints tax stays
Ottawa signals easing frontier exploration rules next week amid stalled plans to soften the eight percent revenue tax. Energy Minister Marc Lalonde to unveil amendments to Lands Bill C-48, with industry wary of broad ministerial powers and retroactive lease provisions. Saskatchewan and Alberta cite tax burdens and relief efforts.
MENTIONED IN THIS ARTICLE
Duncan Thorne
Southam
Ottawa
Frontier
Frontier Development
Energy
Marc Lalonde
Lalonde
Commons National Resources Committee
Bill Richards
Dome Petroleum Ltd
Imperial Oil
Jack Armstrong
Resources Committee
Shell Canada Ltd
Canada
Energy Department
Saskatchewan
Alberta
Also Mentioned on This Page
Lloyd Stuber
Lan Scott
United States
Pacific Rim
West
Frank Miller
Nishgas
Calgary Flames
Minnesota North Stars
Calgary
Minnesota
Alan Poirier
Bebe Rene Mebane
Ann Landers
Charles Lynch Rae Peet Bee
Don McGillivray
Jim Coleman
Peete Eevee
Richard Helm Cote
Eb Be
Lee
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