Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 3, 1981, Winnipeg, Manitoba Up photo Winnipeg free july 1981 11 Snake fans slight drop in Bank rate Doest silence pc critics Harry Cavanagh shares some Watermelon with one of Many snakes he and his roommates keep in their House in neighbors Are complaining because the pets occasionally get Ottawa up a dip in the tank rate yesterday to pm cent front per cent a week earlier we not enough to silence opposition critics of the governments High interest rate the trendsetting rate has fluctuated Only marginally since hitting a record per cent june the fluctuations have repeatedly boosted optimism that rates have peaked and will ease slightly through the progressive conservative Sinclair Stevens asked finance minister Allan Maceachen in the commons when does he Start showing a Little compas Sion for what Hes doing to the average Canadian with his ridiculous policy my for the Ontario Riding of charged the rates were higher than those of the other leading industrialized including the actually the prime rate for most Banks in both countries is 20 per the prime rate is generally regarded As close to the Best rate offered by Banks to top corporate earlier Chase the third largest Bank in the raised its prime to per Maceachen also denied that a Simillion increase in the governments line of credit with the chartered Banks to billion was to defend the Canad an the announced earlier this Drew speculation the govern ment feared a run on the Dollar nation and was incr him itt ability to Pur Chase Canadian should that a Large Purchase of dollars would boost their Stevens charged the real rate of the rate after inflation is taken into was the five per cent compared with per cent when the conservatives were in Power in it is the highest real interest rate since the beginning of the Stevens didst reject the charge but responded by saying the real inter est rate in Germany was the highest in the country he did Stevens Man armed with crowbar robs store a Man brandishing a crowbar stole a Small amount of Cash from the convenience store at 2626 Portage Avenue during a robbery yesterday Winnipeg police police said the Man entered the store about threatened the female clerk with the crowbar and demanded Money from the Cash after she gave him a Small amount of he the Man is described As about 45 years 6 feet 175 with Brown hair and Mous wearing Blue jeans and a Navy Blue shirt with White claim that foreclosures were up this year Over last at a meeting last week with Mort Gage Maceachen said he was told the rate of foreclosures was Down from last James Mcgrath conservative my for the Newfoundland Riding of Johns asked housing minis Ter Paul Cosgrove what he would do for the persons who had bought Homes through the governments assisted Home ownership plan five years ago and were facing mortgage renew als at the current High Cosgrove said that anyone whose shelter payments exceeded 30 per cent of their income was eligible to renew heir mortgage under the the plan subsidizes mortgage pay ments for Low income what happens next to interest rates in the and in turn says Mcleod Young Weir economist Frank will depend to a Large extent on the outcome of a meeting july 7 of the Federal Reserve the equivalent of the Bank of that is where they determine policy for the next couple of said this could be a Pivotal Date for interest he typically after these meetings things Start to happen very fast things Start to things Start to some positive signs out of the Are reduced inflation and a slowdown in the in the Long run we All win because of Terry Lutterus 13aii Compaq correction Zellers flyer july 24 4 whisper 3 pair pack Kne High How 99c a pack should read whisper 3 pair pack Kne High Hosi 99c a pair Page 8 personal touch razor and Blades each Tortoise Shell look razor 4 Blades should read personal touch razor Blades each 4 Blade pack we apologize to our customers for Iny this error May have caused correction lob Laws advertisement that ran june 29th Coupon special Nabob Strawberry Jam should have read 680 g to apologize for any inconvenience caused our customers correction Advance tape City and of july 2nd Stow Fri Judas priest Point of entry a cassette Only available in movie rentals blues vhf or Beta we apologize Tor any inconvenience May have caused the City of Winnipeg Assiniboine Park fort Garry Community committee a special1 meeting of the ass Miloine Park fort Garry Community committee will be held at on july in the Community committee 2nd 5006 Roblin Boule to consider a the proposed Winnipeg Core area initiative program b plan councillor Larry chairman councillor John Angus councillor Jinn Moore councillor Charles Birl councillor fail Neville mrs m j Ashley assist and Community Cluck Telephone 8375876 own an instant classic last six mobs now in Stock f Gates 1 f an mint la 1 i Kun Jet plus two Black mob o la the hone of performance sports cars 235 main 9433461 Jaouni Toft i1iumpm i ;