Manitoba Hydro Salutes Century With Selkirk Gas Plant Move
Manitoba Hydro marks 30th anniversary by converting the Selkirk coal plant to natural gas at a $30 million cost. Premier Doer and Hydro President Brennan say the move boosts environment, creates a new Centra Gas Manitoba market, and preserves about 50 Selkirk jobs with plans for further environmental upgrades to extend the plant to roughly 2020.
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Turner Forecast 2001: Rates Fall and Markets Rally
Garth Turner predicts 2001 will bring cheaper mortgage rates due to slower US growth and low inflation, with central banks cutting rates by mid January. The Canadian loonie should rise, taxes drop further, and the stock market may rebound with TSE at 10,000 and Nasdaq near 4,000. He expects a positive year for Canada, homeowners, and investors, while warning of a few high profile corporate failures.
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