December 5, 1992
Some notable quotes about the impending move into Somalia: 'The warlords will not resist, they understand only power.' --Mohamed Sheikh, Somali refugee 'If they don't stay six or seven months, it's not going to achieve anything. It could actually make it worse.' --Rhodri Wynn-Pope, team leader for CARE International 'We are prepared for hostilities should they occur . . . and if necessary to take preemptive action. This is a potentially dangerous mission.'
March 26, 1985 |
The Canadian government has put together a $255-million program to keep afloat Canadian Commercial Bank, based in Edmonton, Alberta. Minister of State for Finance Barbara McDougall announced the bail-out program Monday, involving the federal and Alberta provincial governments, the Canada Deposit Insurance Corp. and a group of six chartered banks. Canadian Commercial's portfolio has been deteriorating recently, mainly because of some U.S. loans that have gone sour.
September 3, 1985 |
The Canadian government has announced plans to liquidate Canadian Commercial Bank only five months after arranging a $186-million U.S. bail-out of the institution. Minister of State for Finance Barbara McDougall said in a statement late Sunday that the bank was no longer viable and could not pay its debts. It is the first forced liquidation of a Canadian bank in at least 50 years.
May 15, 1991 |
The mysterious arrival in Canada of Iraq's former ambassador to the United States has led to suspicion here of a secret deal between Ottawa and Washington--and to red faces among Canadian Cabinet ministers who now say they should have kept the Iraqi out. Officials here say they made a mistake in letting Mohammed Mashat move to Canada, but they deny that Washington pushed them to do it.
March 12, 1989 |
A government attempt to clamp down on the flow of refugees into Canada is drawing protests from church and human rights groups. They say it is unjust and won't work. The Canadian Council of Churches has taken the new provisions to court. "We want the law and the practice to live up to what are fundamental principles of justice," Tom Clark, a spokesman for the council, said in an interview.
December 21, 1991 |
Russian Federation President Boris N. Yeltsin, in a letter that surprised the inaugural session of a new grouping of former East-West enemies, declared Friday that Russia hopes to join NATO as part of a "long-term political aim." The Russian leader informed the meeting of the new North Atlantic Cooperation Council, a group of foreign ministers from East and West nations, that he fully supports efforts "to create a new system of security from Vancouver to Vladivostok."