Bank of Canada Rate Hikes to 9.30 Percent
The Bank of Canada today set the key rate at 9.30 percent, a rise from 9.24 percent last week. The decision signals tighter monetary policy as inflation pressure remains high and lenders face higher borrowing costs.
MENTIONED IN THIS ARTICLE
Ottawa
Bank of Canada
Safeway bylaw case in court over Sunday hours
Provincial court Judge Philip Wambolt postponed a decision on Safeway Division Avenue’s March 8 opening amid challenges to the city bylaw. Written arguments were filed by city lawyer David Carter and Safeway counsel John Cordeau, arguing about jurisdiction and Charter rights. Carter noted the decision binds only the presiding judge, as two other Safeway stores face similar charges. Cordeau contended the bylaw violates religious freedom and discrimination provisions, and questioned alderman Lee Andersons vote due to nursery ownership.
MENTIONED IN THIS ARTICLE
Safeway
Canada Safeway
Division Avenue
Philip Wambolt
David Carter
Calgary
John Cordeau
Carter
Wambolt
Cordeau
Lee Anderson
Anderson
PM Chirac Escort Accident Leaves Officer With Fractured Shoulder
In Quebec on Wednesday a motorcyclist escorting French Prime Minister Jacques Chirac suffered a fractured shoulder after his bike skidded on a wet road and collided with two other mounted escorts, a Quebec police spokesman said.
MENTIONED IN THIS ARTICLE
Quebec
Jacques Chirac
Canada forgives Francophone debts at summit
At the Francophone summit in Quebec City Canada announced it is prepared to forgive 324 million dollars in debts owed by French speaking African countries, subject to parliamentary approval. External Affairs Minister Joe Clark also signaled possible aid to Lebanon Chad Haiti and disaster victims and hinted at similar moves for English-speaking Africa at the Vancouver Commonwealth Conference.
MENTIONED IN THIS ARTICLE
Jonathan Manthorpe
Sau
Quebec City
Canada
Middle East
South Africa
Lebanon
Chad
Haiti
Joe Clark
Vancouver
Clark
France
Belgium
Switzerland
Organization of French
Namibia
Canada Post Franchising Plans Face Labor Board Ruling
The Canada Labor Relations Board ruled Toronto postal franchise operations must pay franchise workers the same wages and benefits as post office staff. Union leader Jean-Claude Parrot says the decision could boost talks while the government aims to push franchising forward. a legal strike position may form by September.
MENTIONED IN THIS ARTICLE
Ottawa
Canadian Union of Postal Workers
Labor Board
Canada Post
Harvie Andre
Andre
Liberals
New Democrats
Jean-Claude Parrot
Parrot
Canada Labor Relations Board
David Newman
Toronto
Principal Group liquidation proceeds move forward in Edmonton
The bankruptcy trustee says a $1.5 million hurdle is cleared and Metropolitan Life will buy Principal assets including Principal Trust. Don Cormie to receive about $1.5 million in a settlement, with payment due in roughly 30 days. Final sale price around $27.5 million for related assets is approved, and a broader asset sale could raise $40 to $50 million.
MENTIONED IN THIS ARTICLE
Edmonton
Principal Group Ltd
Steve Allan
Principal Group
Don Cormie
Metropolitan Life
Principal Trust
Collins Barrow
Cormies
Principal Savings and Trust
Metropolitan Trust Company
Allan
Cormie
First Investors Corp
Associated Investors of Canada
Principal
Alberta
Ronald Berger
Berger
Collective Securities Ltd
Principal Securities Management
Cayman Islands
States Escort Ships Through Persian Gulf Amid Tanker Attacks
In Manama Bahrain U S warships began escorting a convoy of reflagged Kuwaiti tankers through the Persian Gulf as Iran and Iraq’s tanker war escalates. Two sailors were killed when an Iraqi attack sank a supply vessel. Three loaded tankers departed for the 550 nautical mile southbound voyage amid further Iranian attacks on a Japanese tanker and an Italian ship. Twenty attacks have been reported with fifteen confirmed since the resumed hostilities last weekend.
MENTIONED IN THIS ARTICLE
Manama
Bahrain
U.S
Persian Gulf
Iran
Iraq
Kuwait Oil Tanker Co
Gulf
Sovreignty
Labor disputes could strengthen unions in Alberta
Southern Alberta construction sites see unrest as non union carpenters and laborers strike for higher wages. Union leaders warn this signals a broader re unionization push across the province with Calgary Medicine Hat and other cities joining in.
MENTIONED IN THIS ARTICLE
Calgary
Alberta
Dave Werlin
Alberta Federation of Labor
Medicine Hat
William McGillivray
Lethbridge
Red Deer
Edmonton
McGillivray
United Brotherhood of Carpenters and Joiners of America
John Connolly
Graham Construction and Engineering Ltd
Also Mentioned on This Page
Index
Ann Landers Bridge
Eee
Terete Artes
City News
Don McGillivray
W. Gifford-Jones
Grant Granger
Ea Mentee
Alda
Monique Landry
Commonwealth
Brian Mulroney
Pretoria
Power Saas
Post
States
Connolly
Graham Construction
Phil Hambrook