Meech fears push bank rate to 8 year high
Meech Lake tensions pushed the Bank of Canada bank rate to 14.05 percent from 13.8 percent, the highest since August 1982, signaling possible further loan cost increases for consumers and businesses. Finance Minister Michael Wilson warned that Meech Lake collapse could harm Canada's economy and trigger political and currency instability.
MENTIONED IN THIS ARTICLE
Meech
Ottawa
Montreal
Southam
Meech Lake
Bank of Canada
John Crow
Randall Powley
Scotia McLeod Inc
Michael Wilson
Canada
Meech Lake talks stall as Murray pushes new proposals
Ottawa. Senator Lowell Murray has submitted an amended package to Prime Minister Mulroney in an effort to break the Meech Lake stalemate. Mulroney said a first ministers conference is not yet time and will canvass premiers by phone. Quebec will not accept changes, while Alberta and Ontario leaders urge prompt talks to salvage the accord before the June 23 deadline. Peterson cautioned the effort needs speed and warned against shelving the issue.
MENTIONED IN THIS ARTICLE
Canada
Wilson
Newfoundland
New Brunswick
Manitoba
Quebec
Ottawa
Lowell Murray
Brian Mulroney
Meech Lake
Mulroney
Commons
Murray
Robert Bourassa
All Party Commons
Jean Charest
Alberta
Don Getty
Ontario
David Peterson
Peterson
Toronto
Klein accused over pulp mill licences in Alberta
NDP leader Ray Martin charged Environment Minister Ralph Klein with betraying Albertans by issuing licences for Daishowa Canada’s $500 million pulp mill near Peace River without public hearings. Klein defended the move saying public input occurred and regulations were followed.
MENTIONED IN THIS ARTICLE
Edmonton
Environment
Ralph Klein
Peace River
Klein
Commons rejects amendments to abortion bill in tight vote
The Canadian House of Commons rejected a dozen amendments to Bill C-43 by large margins, keeping abortion access under a government backed plan. A New Democrat proposal to remove abortion from the Criminal Code failed 182-38, while others restricting abortion to only life-threat cases also failed.
MENTIONED IN THIS ARTICLE
Ottawa
The
Commons
Alberta hospital workers threaten strike over wage offer
Alberta hospital support staff reject a three percent annual raise in a two year contract and warn of potential strike action if progress falters. The 6,000 strong union includes dietary staff maintenance workers and clerical employees who resumed work after a back to work deal with the province. Negotiations resume Friday as social workers return to duties and jail guards recently ended an eight day strike under a similar agreement.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Alberta Hospital Association
Pat Wocknitz
Alberta Union of Provincial Employees
Wocknitz
Brian Hill
Calgary
De Cotret named acting environment minister in Ottawa
Treasury Board President Robert de Cotret was named acting environment minister drawing protests from environmentalists. Kai Millyard called the move disastrous and absurd, while Jim Fulton said major initiatives are on hold or gutted, highlighting government undervaluing of environmental issues.
MENTIONED IN THIS ARTICLE
Larry Pynn
Southam News
Ottawa — Treasury Board
Robert de Cotret
Primne
Vaasa
Friends of the Earth
Kai Millyard
de Cotret
Clean air bill passes Congress with acid rain controls
The House approved a tough clean air bill 401 to 21, creating the first US program to curb acid rain and imposing cleaner fuel standards in the dirtiest cities by the turn of the century. A $250 million aid package for displaced workers was also approved despite a White House veto threat.
MENTIONED IN THIS ARTICLE
Washington
U.S
House of Representatives
House
US S
Canada
White House
Soviet Premier outlines market shift and 1993 95 reforms
Premier Nikolai Ryzhkov told the Supreme Soviet the USSR must move from a planned to a market economy and brace for a two year recession with unemployment and inflation. He proposed a three stage reform including price hikes, tax and banking changes, and transferring 60 percent of state enterprises to joint stock ownership.
MENTIONED IN THIS ARTICLE
Moscow
Nikolai Ryzhkov
Ryzhkov
Supreme Soviet
Kremlin
Mik
Gorbachev
Council of Ministers
Also Mentioned on This Page
Lucien Bouchard
Conservative
Martin
Federal Court of Canada
NDP Environment
John McInnis
Don Boudria
John Reimer
Ross Belsher
Bill Attewell
Congress
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