Economist warns Canada faces 1991 debt, urges boost to growth
Ottawa economist Michael McCracken of Informetrica says deficits may reach 42 billion and net debt over 400 billion, but governments should focus on reviving the economy. He criticizes high interest rates and GST and endorses Ontario's infrastructure push to create jobs while foreseeing a 10 percent unemployment rate next year.
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Elderly Deloraine Man Rescued After Eight Hour Grass Ordeal
Billee 78 was immobilized by a broken thigh bone in tall grasses east of Deloraine near the sewage lagoon. He waited in the grass for eight hours before RCMP and local volunteers located him around 4 p.m. He was taken to Brandon General Hospital for treatment.
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