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Canadian Pacific News Summary 1980 June 6 Caught twixt rock and hard place
Canadian Pacific News Summary 1980 June 6
10 pages
Contents
Railway 3
Aviation 6
Shipping 7
Economics 7
Energy 7
Business and Finance 8
`Caught twixt rock and hard place'The need for additional capacity on the CP Rail main line in the mountains of Western Canada - and the capital funds to pay for it - has been the subject of extensive news attention throughout the west. In addition to reporting on the situation several journalists have added their commentary to the growing debate.Page 4
Energy and deregulationU.S. Railroad executives are concerned that in order for their industry to become really independent and profitable, the hand of government regulation must be reduced and public policy must recognize the energy-saving potential of railroad shipping.Page 3
New plant approvedAlberta Gas Trunk Line Co. Ltd. of Calgary and Petro-Canada have agreed to spend $100 million during the next two years preparing a formal proposal to build Alberta's fourth oil sands plant.Page 7
Trends and TopicsCP Air plans to oppose Air Canada's plans to operate one-plane service to Hawaii in co-operation with Trans World Airlines. Air Canada and TWA are negotiating a deal whereby an Air Canada plane would fly from eastern Canada to Los Angeles.Page 6
Canada's pulp and paper industry, sailing smoothly now on a wave of economic prosperity and the weak Canadian exchange rate, is certain to run into squalls that will hurt its performance, a study by an industry watcher for almost 50 years says.Page 8
Delays in site preparation for the giant Prince Rupert grain terminal project will make it difficult to meet the scheduled completion date, but project head Michael Thompson says, "I'm still saying we will hopefully be shipping grain in the first quarter of 1984."Page 7
More than half of 500 Canadians interviewed in a survey sponsored by the petroleum industry said domestic oil prices should be kept below world levels, while less than 40 per cent favored world-level pricing.Page 8
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