Weather Outlook Showers With 60 Percent Chance Friday
Cloudy conditions bring a 60 percent chance of showers on Friday. High around 16 and a low near 5 with map on page B4.
22 May 1986
Page 1
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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
May 22, 1986
Page
1
Cloudy conditions bring a 60 percent chance of showers on Friday. High around 16 and a low near 5 with map on page B4.
The Bank of Canada cut its policy rate to 8.43 percent after the weekly treasury bill auction, easing from 8.59 percent the prior week as a stronger loonie helped push the rate downward since mid February.
Medicine Hat Tigers head coach Doug Sauter, 32, is expected to become general manager and coach of the Regina Pats after a management meeting granted permission to negotiate. Sauter led the Tigers to an East Division title this season, with assistant Bryan Maxwell likely to succeed him in Medicine Hat.
Vancouver Premier Bill Bennett announced he will retire this summer and a Social Credit leadership convention will be held this year. The move follows a buoyant Expo 86 atmosphere and broad speculation about election timing.
South African President P W Botha in a tough parliamentary speech vowed more attacks if needed. He linked Monday's strikes on guerrilla bases in Zambia Zimbabwe and Botswana to ongoing actions and warned they may be only the first instalment.
Sterling Hinch and Terry Olmstead, both dismissed from CFB Suffield in 1985 over alleged travel expense fraud, seek reinstatement as they face a federal inquiry. They allegedly claimed hundreds of dollars more than actual costs and Olmstead purportedly passed on airline tickets. No criminal charges have been filed.
The Red Cross calls the chaos and war situation as 44 possible deaths. Street clashes between rival conservative and militant youths wrecked up to 3,000 shacks leaving as many as 30,900 homeless. Vast sections of the shantytown were destroyed.
A classified External Affairs study warns of a sharp early job hit from a U S Canada free trade deal with about 131 000 jobs lost initially affecting 300 000 workers or 2 5 of the workforce. It also notes long term gains from expanded U S markets and economies of scale.
Diana Kilmory a 39 year old Canadian heavy trucker and Vancouver local delegate championed by Teamsters for a Democratic Union faces strong opposition as reform proposals fail. Dissidents seek direct election of delegates, capped salaries, higher strike pay, and other governance changes amid a convention clash with the union leadership.
Canadian Supreme Court weighs the 60 per cent annual interest cap in the 1981 Criminal Code amendment aimed at loansharks. A Vancouver case involving C T C Mortgage and Nationwide Auto Leasing argues that prepayment can push a lender into criminal rates, raising questions about the law’s reach on commercial loans.
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