Bank of Canada hikes rate to defend dollar value
The Bank of Canada raises its lending rate to 9.5 percent from 9.0 percent to steady the currency after the dollar fell to 85.94 U.S. cents. Governor Bouey said the move signals higher loan costs for consumers amid inflation concerns and aims to attract foreign investment.
MENTIONED IN THIS ARTICLE
Vic Parsons
Ottawa
Bank of Canada
Gerald Bouey
Central Bank
U.S
New York
Bouey
Canada
Nicaraguan guardsmen push into Masaya amid heavy fighting
In Masaya, and other cities, national guard forces edge through streets under sniper fire as Sandinista guerrillas defend a rebel stronghold 29 kilometers from Managua. Reports say Masaya is cut off, with electricity and water out, as unrest grows and medical sources cite at least 100 dead in the region.
MENTIONED IN THIS ARTICLE
Managua
Masaya
Anastasio Somoza
Somoza
Leon
Esteli
National Guard
Nicaragua
Premier Campbell resigns to spark island political turmoil
Liberal Premier Alex Campbell abruptly resigns after 12 years as leader in Charlottetown. Angus MacLean cites Libs with 16 seats while Conservative gains loom. Campbell says retirement stems from press of the job as Liberal caucus eyes an interim leader. two potential successors are discussed within PEI.
MENTIONED IN THIS ARTICLE
Charlottetown
Prince Edward Island
Alex Campbell
Angus MacLean
Liberal Party
MacLean
Campbell
Liberals
Liberal
Vancouver minister found guilty of expenses fraud
Jack Davis a former provincial and federal cabinet minister convicted of fraud by misrepresenting travel expenses as catastrophic. He faces up to 10 years with sentence set for Sept 18. The case tied eight trips from Feb 28, 1976, to April 5 this year with $1,074 in refunds.
MENTIONED IN THIS ARTICLE
Vancouver
Jack Davis
Davis
J. J. Anderson
Anderson
British Columbia
City to house new computer in library basement
Gerald Fischer reports the Medicine Hat public library basement will house the city's new computer after council approved the move. Mayor Milt Reinhardt notes renovations may cost about 10 000 dollars for library space while Fire Hall Theatre renovations rise toward 150 000 dollars, leaving library space the favored option.
MENTIONED IN THIS ARTICLE
Medicine Hat
Bill Keith
Milt Reinhardt
Fire Hall Theatre
Pearce
Reinhardt
Unemployment rate rises across Canada in August
Statistics Canada reports the seasonally adjusted national unemployment rate at 8.5 percent in August, up from 8.4 in July, with 892 000 jobless. Youth unemployment rose to 14.6 percent, and provinces show varied changes with Newfoundland highest at 16.5 percent and Ontario down to 7.1 percent.
MENTIONED IN THIS ARTICLE
Ottawa
Statistics Canada
Jean Chretien
Manitoba
Atlantic
New Brunswick
Newfoundland
Prince Edward Island
Nova Scotia
Quebec
Ontario
Alberta
Critical session begins at summit
Camp David talks enter a second week as President Carter seeks to bridge gaps between Egypt and Israel. Egyptian President Anwar Sadat may exit if progress stalls while U S officials report intensive meetings continue despite a news blackout and mixed signals about the talks' outlook.
MENTIONED IN THIS ARTICLE
Camp David, Md
Camp David
Carter
Egypt
Israel
Anwar Sadat
White House
Sadat
Menachem Begin
U.S
Lougheed Defends Alberta Heritage Fund in Grande Prairie Visit
Premier Lougheed addressed more than 300 Grande Prairie residents defending the Alberta Heritage Savings Trust Fund. He criticized federal constitution and transport policies, urged listening yet stressed government priorities while highlighting regional needs in Peace River area including roads and grain transport.
MENTIONED IN THIS ARTICLE
Grande Prairie
Alberta Heritage Savings Trust Fund
Lougheed
Peace River
Jim Foster
Alberta
Canada
Davis recalls legislature to end Toronto transit strike
Premier William Davis orders the Ontario legislature to reconvene in Toronto to resolve a transit strike. He cites thousands affected and says government intervention is needed despite no satisfaction in interfering, with the summer break looming and no end in sight.
MENTIONED IN THIS ARTICLE
Toronto
William Davis
Davis
Also Mentioned on This Page
Stu
Dents
Frank Webber
Red Cross
Malaya
Republic
North Vancouver-Seymour
Gerald Fischer
Jordan
Hussein
Husni Mubarak
Billsass
Grande Cache
Supreme Court
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