Bank of Canada rate climbs to 18.98 percent again
Ottawa reports the Bank of Canada has raised its policy rate to 18.98 percent, the eighth straight weekly rise and a new record. Government officials defend the move as inflation control while economists caution on further inflation and higher loan charges for homes, farms, and businesses.
MENTIONED IN THIS ARTICLE
Ottawa
Bank of Canada
Allan MacEachen
Gerald Bouey
Peter Kirkham
Bank of Montreal
Pope John Paul II Starts Limited Physical Therapy
Rome AP Pope John Paul II began limited physical therapy as doctors described the outlook as distinctly better after gunshot wounds. Hospital officials noted the pontiff rested peacefully with slight temperatures and ongoing monitoring for infection.
MENTIONED IN THIS ARTICLE
Rome
John Paul
ANSA
Gemelli Policlinico Hospital
Luigi Candia
Holy Father
Candia
Police suspect plot behind papal shooting
Italian anti-terrorist experts review evidence suggesting Mehmet Ali Agca acted as part of a wider conspiracy. A Turkish embassy official said Agca did not act alone and received outside support, possibly from France, West Germany, and Italy, with hints of international subversive backing.
MENTIONED IN THIS ARTICLE
Rome
Mehmet Ali Agca
Turkey
John Paul
Agca
France
West Germany
Italy
St Peter’s Square
Hughes Death Spurs Funeral As IRA Firek Rocket Kills Cop
In west Belfast IRA guerrillas fired a rocket at a moving police car killing a 23-year-old officer and wounding three others as funeral services begin for Francis Hughes the hunger striker who died after 59 days. The Provisional IRA claimed the attack while Prime Minister Thatcher rejected pressure for leniency on the hunger strikers.
MENTIONED IN THIS ARTICLE
Belfast
Irish Republican Army
West Belfast
Francis Hughes
IRA
Provisional
Northern Ireland
London
Margaret Thatcher
Maze
Edward Kennedy
Daniel Moynihan
Thomas O'Neill
House of Representatives
New York
Hugh Carey
Brian Lenihan
Irish Republic
Dublin
Strasbourg
France
European Commission On Human Rights
Raymond McCreesh
Record April price jump pushes inflation to new high
Statistics Canada reports April CPI at 12.6 percent year over year, exceeding the 12.5 percent peak in 1974 as high food, housing and transportation costs drive inflation. Bank of Canada rate hits 18.98 percent while month to month gains slow to 0.7 percent. Prime Minister Trudeau rules out wage and price controls, citing provincial jurisdiction and the need for a crisis to trigger action. He notes income gains offset the need for controls and questions policy effectiveness.
MENTIONED IN THIS ARTICLE
Ottawa
Statistics Canada
Bank of Canada
Trudeau
Supreme Court
Bennett vows to outlaw doctor surcharges in B C
Premier Bill Bennett says the British Columbia government will bar balanced billing by doctors even if the 3700 fee for service physicians accept a new Medicare fee schedule. He insists surcharging will be outlawed by legislation once a tentative agreement is ratified.
MENTIONED IN THIS ARTICLE
Kamloops
B.C
British Columbia
Bill Bennett
Bennett
Canada
W.A.C. Bennett
B.C. Medical Association
B.C. Medical Services Commission
Jets Hire Coach Amid Poor Record
The Winnipeg Jets, mired in last place with a 9-57-14 mark, hire a new head coach. The club notes he will not make predictions about outcomes as he takes over.
MENTIONED IN THIS ARTICLE
Jets
Winnipeg Jets
National Hockey League
Pressure mounts to curb Japanese auto imports
Ottawa faces a choice between consumers and industry as Japan trade limits loom. Herb Gray weighs sanctions or surcharges after public warnings of higher car costs and inflation risk. Canada’s auto sector cites 17 percent of manufacturing and 105000 jobs amid rising competition and high interest rates.
MENTIONED IN THIS ARTICLE
Ottawa
Herb Gray
Gray
St. John’s Ambulance
Chrysler Corp
Massey-Ferguson Ltd
Japan
Canada
U.S
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Kirkham
United States
Bouey
William Mackness
Pitfield Mackay Ross Ltd
Toronto
Mackness
Pope
Sunny Symmetry
River Heights
Bonnie Seitz
Kathy Hamilton
Tara Scott
Robin Schlaht
Hughes
Patrick O’hara
Joseph McDonnell
Bobby Sands
Die
Brendan McLaughlin
Wing
Bellaghy
County Londonderry
Grande Prairie
Edmonton
City Hall
Medicine Hat
John Paul II
Secreds
New Democratic Party
Claude Richmond
Social Credit
Mideast
Philip Habib
Abdul-Halim Khaddam
Israel
Syria
Lebanon
Ann Landers CO
Charles Lynch
Jim Coleman
Peree
Lifestyles
Rick Pedersen
Roslyn Hart Carr
Egies
By Jim Travers
Southam News
Western Natural Resources
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