Auditor-General flags Liberal graft in Quebec public works scandal
The report details roughly 100 million dollars skimmed from a 250 million Public Works unity drive in Quebec tied to the Liberal Party. Alfonso Gagliano led the program with ministers switching roles, while Paul Martin orders a judicial inquiry after recalls and firings. The audit highlights misused funds, untendered jets, and flawed grant oversight.
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Bank of Canada to Cut Rates March 2
A Canadian rate cut is anticipated on March 2 as the Bank of Canada reviews prevailing rates and lowers the policy rate to around 4 percent, with prime rates dropping shortly after. Economists warn of a potential housing market impact if mortgage costs rise later in 2004.
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