Parliament approves pension and family allowance boosts
The Commons passed bills increasing the old age and public service pensions by the cost of living, and raising monthly family allowances from 7.21 to 12 dollars. The pension measure is retroactive to 1970, with varying increases and a future min focus. The interim allowance rises take effect Oct 1, 1973, and a new rate of 20 dollars for families is planned for Jan 1, 1974. Senate approval and royal assent are pending.
MENTIONED IN THIS ARTICLE
The
Commons
RCMP
Senate
Banks hike rates amid market pressure across Canada
The Bank of Canada raised its lending rate by 0.5 percentage points to 7 percent effective today, the fifth rise since April, amid strong demand for credit. Banks followed with prime rate up to 9 percent and savings deposits at 6 percent. Canada’s August cost of living jumped 1.3 percent led by 3.2 percent food price rise, pushing annual inflation higher with pork up 15.4 percent and overall grocery costs rising 16.2 percent from a year earlier.
MENTIONED IN THIS ARTICLE
Statistics Canada Today
Food Prices Review Board
Trudeau
Ottawa
Bank of Canada
Canada
Gerald K. Bouey
Bouey
Statistics Canada
Robert Stanfield
Stanfield
NDP
Lewis
Commons
Opposition presses for action amid inflation debate in Ottawa
Ottawa politics heated as opposition leaders urge tougher steps against inflation. Robert Stanfield accuses Liberals and NDP of a parliamentary rip-off while David Lewis calls for rapid anti inflation measures. Stanfield supports a wage and price freeze while warning of an election if policymakers fail.
MENTIONED IN THIS ARTICLE
Donsellar Southam News Services
Ottawa
Robert Stanfield
NDP
David Lewis
Trudeau
Stanfield
Liberals
New Democrats
Lewis
Final Wheat Payment Sets Record Return Since 1943
Prairie farmers will receive about 40 cents a bushel as a final payment for 1972-73, totaling around $2.12 per bushel with the initial average of $1.72. The 614 million bushels delivered end July 31 under Wheat Board marketing marks the highest postwar payment, adding about $245 million to the prairie economy.
MENTIONED IN THIS ARTICLE
Nick Hills
Southam Western Bureau
Winnipeg — Prairie Wheat
Canadian Wheat Board
The
Wheat Board
Canada
Chilean army seizes power after Allende death
Chilean troops announced a new four member junta led by Gen Augusto Pinochet Marambio after the coup that killed President Allende. Curfew remains in effect as authorities declare orders to crush resistance and thousands are reported dead or missing.
MENTIONED IN THIS ARTICLE
Santiago
Reuter
Salvador Allende
Allende
Augusto Pinochet Marambio
Mexico
United States
Juan Peron
U.S
Washington
State Department
Venezuela
Dominican Republic
Latin America
ARMY
Israel Syrias Fight Over Mediterranean Claims Major Air Battle
Israeli and Syrian jets clashed over the Mediterranean with 13 Syrian MiG-21s reportedly shot down and one Israeli plane hit. An Israeli pilot parachuted and was recovered unharmed, while the Syrian pilot's condition was unknown.
MENTIONED IN THIS ARTICLE
Tel Aviv
Reuter
Mediterranean
Israel
Middle East
Beirut
Damascus
Soviet Union
Also Mentioned on This Page
West Canadian Microfilm Ltd
Toukel
Charles Edgcumbe
Elgin
Inl
Arlene
Ontario
Minaki
Ont
Burlington
Syria
Mnem
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