Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 3, 1981, Winnipeg, Manitoba D Winnipeg free july 1981 11 mum in Toronto Toronto up seven years Walter Boom spent several Days in june biting his not Only was Borossa chief of Protty col for the six Day visit to Canada by the Queen Mother in he was also sweating out the birth of his Jacqueline Borossa was chief of protocol again yesterday As the Queen Mother arrived in Toronto for another six Day visit to and now seven years was on hand to present the Queen Mother with a bouquet of her majesty also Shook hands with Morosas Walter after being greeted by the first of several groups of dignitaries she will meet before leaving next As the 80yearold Queen wearing a Sunshine yellow dress and Matching descended from the Canadian forces cosmopolitan twin propeller she was greeted by Ontario John Black Aird and other it never Rains for a Royal said Marjorie a news Media aide for the and her words came True As dark Clouds and heavy winds failed to turn into rain before the Queen Mother was on her Way to a Brief reception at a Toronto the Queen Mother arrived in Ottawa in late afternoon and met with de Schreyer before Leav ing for Jacqueline and Walter Borossa Greet Queen Mother slight drop in Bank rate Doest silence pc critics Ottawa up a dip in the Bank rate yesterday to per cent from per cent a week earlier was 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 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 increasing its ability to Pur Chase Canadian dollars 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 Mcorath 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 their 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 bag company correction Zellers flyer july 24 4 whisper 3 pair pack Kne High How 99c a pack should read whisper 3 pair pack knee inti 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 of our customers for any inconvenience 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 Scio Uff read Judas priest Point of entry cassette available in movie rentals blues vhf or Beta we apologize for any inconvenience this May have caused the City of Winnipeg Assiniboine Park fort Garry Community committee a of the Assiniboine Park fort Garry Community committee will be held at 7 30 on july in the Community committee 2nd 5006 Roble Boule to consider a the proposed Winnipeg Core area initiative program b plan councillor Larry chair Man councillor John Angus Jiin Moom councillor Charles Birt count Illus Hill a uvula mrs m j Ashley assistant Community clerk Telephone own an instant classic last six mob s now in Stock i Jimim i i hrs lift ten l to i plus two Biack mob the Home of performance sports cars 235 main pm 9433461 ja6uar t ;