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Russell Banner in Russell, Manitoba

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Russell Banner

Location

Russell, Manitoba, Canada

Date

Jun 11, 2002

Page

6

Internal Liberal power struggle over Chretien and Martin intensifies

The Ottawa clash pits Prime Minister Jean Chretien against Finance Minister Paul Martin in a furiously partisan battle. Chretien abruptly dismissed Martin, triggering broad Liberal backlash and fears of fiscal loosening under successor John Manley ahead of the next federal election. Alexa McDonough resigns as NDP leader, with Winnipeg MP Bill Blaikie seen as a possible successor candidate.

Jean Chretien Paul Martin Chretien Mr. Martin Liberal Party Martin Liberal Ottawa National Liberal John Manley Manney National Defence John McCallum Toronto McCallum Royal Bank of Canada Finance Department Defence Art Eggleton NDP Alexa McDonough Canada House of Commons Winnipeg Transcona Bill Blaikie Liberals

Turner Report Predicts Sharp Canadian Interest Rate Hikes

The Bank of Canada plans to raise rates starting in early June, with the prime rate expected to reach 6 percent or higher by year end. Five year mortgage costs could climb to 8 or 9 percent, ending 0 percent financing and impacting car sales and business loans. The shift is linked to post September 11 economic momentum and political moves by Jean Chretien.

Bank of Canada Jean Chretien Paul Martin Canada

Canuck style mayhem warned by Tremors in Finance

Garth Turner warns of rising interest rates as Canada faces political turmoil in Ottawa and a fragile dollar. He forecasts higher prime rates, a shift from recession fears to inflation concerns, and warns mortgage holders to brace for a tightening money supply amid volatile markets.

Also Mentioned on This Page

Manitoba Doer P.O. Box Russell Russell Banner Main Street Chaloner Publishers Ontario Saskatchewan Editorial Turner Report Sussex Garth Turner Global Garth
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