Doer faces harsh economic realities as Manitoba nears new session
Manitoba premier Gary Doer confronts a worsening recession amid slumping profits and rising debt payments. Tolko’s The Pas mill closure and Leaf Rapids mine halt hit the province, Great West Life reports nine month earnings decline, and the NDP braces for possible healthcare funding cuts and a 31 percent nurses demand.
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Mortgage Mania Hits Canada as Rates Plunge
The Bank of Canada slashed rates by three quarters, triggering a flood of mortgage offers. Banks unveil discounts up to 1.5 percent below prime, with initial rates as low as 2.25 percent for short terms. Brokers tout broad product choice as buyers rush to lock in cheap money before further cuts.
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