Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 11, 1990, Winnipeg, Manitoba 10 Winnipeg free january n delay in modernizing financial rules called harmful Ottawa up delays to modernizing Federal rules for Canadian Banks and other financial institutions mean higher costs and lower service for businesses and consume the chairman of the economic Council of Canada said theres no time to lose because Canadas insurance compan ies and trusts Are falling behind the rest of the which has turned to innovative new forms of finance said Judith i think there Are costs in delay costs to retarding the adaptation of Canadian institutions to the new realities in the world Max Well said after the Council released a background study on the Canadian financial the a government Fin danced economic says Ca Nadian Banks Are becoming less important players on world the Royal the country Lar is ranked 57th in the it was 16th just nine years Ottawa has been struggling during the past four years to Complete new regulations for the financial Indus Gilles the third Junior finance minister saddled with the had wanted part of a Legisla Tive package for Banks and Trust companies introduced to parliament last but the Industry is still he said the delay is due to the Mulroney governments tight legislative but Industry officials speculate that the government got cold feet because of opposition in some it will be As soon As said France Loisellen press i cant give you a pre Cise the legislation would Widen the Powers of financial institutions to get into new kinds of financial ser it would also set and in some cases less rules for their one of the biggest disputes is Over the limits on ownership of Trust companies by commercial Corpora the Trust companies want to continue to be tightly controlled by conglomerates from the financial but Bankers have argued the big Gest Trust companies should have the same ownership limits As which Means no Stogie entity could own More than 10 per cent of the those kind of turf fights have delayed the which would allow new kinds of More flexible lending and borrowing what we have to worry since those markets Are moving so is that Well lose opportunities and Well end up with institutions that Are not As Strong As they could said that feeds Back into the Quality services available to canadians and the Cost of those Maxwell said Large corporations can go outside but individuals and Small and medium size firms i generally watch for Kre cos Gigantic warehouse spa Bath Pool see tomorrows paper airline clerks expected to jump to Caw Union Toronto up thousands of airline reservations clerks Are expected to abandon their Union to join the Canadian Auto follow ing their former Union Vic Epresi dents Gary Fane resigned last week As Vic president of the transportation and communications International he began urging members of the airline division to join the Auto workers we need a More professional Union the Quality of services i Felt we need cannot be obtained from the transportation and communications International he Union members will vote by starting on whether to join Willmar Winter bookings the years lowest prices please Call for details Charleswood building supplies 920 Elmhurst 8371347 hear Barry Moori Calvary Temple 440 Hargrave at notre Dame satellite no payments til april 1900 on Complete Remote built in 10 mesh antennae 9 main 4 44 in Lockport Call collect 17574558 also open evenings saturdays authorized dealer for Blue heavy duty reconditioned batteries from us new factory specials 500 amp Battery 95 j free charging system Check i i Westrock Battery i 1220 Nairn 601 Loo an 6615870 7866034 grand opening cellular plus Centre 639 Portage free bonuses 355 Sher took 944481 2 correction re semiannual body fashion Sale although not stated in the warehouse Sale flyer which was delivered january the Stop Date for this promotion was january we sincerely regret any inconvenience to our Auto Haus for Garry 1989fox2 As Low As demo 660 Pembina Highway 2847520 the larger Auto workers its the third time the two unions have squared off Over representing the passenger and reservation clerks of Canadian but the transportation Union won both ear Lier this All 130 local Union representing about transport and communications Union members across have pledged to support fanes recommendation to Moye to the Canadian Avito the transport and communications Union cannot offer its members education an organizing or research to Back collective Fane see results before your 1st payment new adult patrons Only based on 96 you pay Only per month living room group swivel Rocker Henderson furniture 6613939 2229290 2564900 facilities it services for both men women aerobics and Low Impact aerobics Sauna Whirlpool swimming Pool free weights life cycles and fan bikes private showers and dressing Booths facilities May vary with location and much much Morel Call How ii Transcona 1514 Regent 6618020 nah James 3428 Portage 8893441 downtown 158 fort 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