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Canadian Pacific News Summary 1980 May 23 Penultimate spike opens CP Rail double
Canadian Pacific News Summary 1980 May 23
12 pages
Contents
Railway 3
Shipping 5
Telecommunications 6
Energy 6
Business and Finance 8
Labor 9
`Penultimate spike' opens CP Rail double trackThe premier of British Columbia and the president of Canadian Pacific teamed up to hammer home a 'penultimate spike' in a new double-track section of CP Rail's main line linking Calgary and Vancouver. In a modern-day version of the famous "last spike" ceremony Premier William Bennett and F.S. Burbidge used spike mauls to put an iron spike in place near Salmon Arm.Page 3
Crow still main railway problemCP Rail does not want the federal government - or any government - to pay the $300 million cost for driving a needed second Connaught tunnel under Mount Macdonald in Glacier National Park. W. W. Stinson, CP Rail executive vice-president, says such a move would prolong the crucial problem facing Canadian railways: the need for compensatory grain freight rates.Page 3
Marathon, elevator firms reach agreementA new rental agreement has been reached between prairie elevator companies and Marathon Realty Co. Ltd., the real estate arm of Canadian Pacific. Lawyers from the two sides are putting the finishing touches on the new five-year agreement, which ends more than two years of negotiations between the two.Page 5
Action heating up in B. C.'s coalfieldsFor years, British Columbia's northeastern coalfields have been generating more talk than energy. Stretching south from Chetwynd to the Sukunka Valley, they have been promoted by provincial politicians of every persuasion as the key to future development in the province.Page 6
Trends and TopicsFording Coal Ltd. of Calgary and Petro-Canada are reviewing their coal reserves in southern Alberta for the possible development of multi-million dollar underground coal mines. With an increasing demand for coal by Pacific Rim countries-such as Japan and Korea-Canadian coal suppliers are stepping up exploration and test mines to develop Alberta coal deposits.Page 8
Members of the Canadian Pension Conference want a dictionary of terms and increased research material to keep up with the complexity of pensions. The prime purpose of the CPC is to provide a forum for discussion of national income security issues. But members feel they need more information.Page 9
Canadians must wait until at least late June before they learn by how much the price of gasoline is to rise. Federal Energy Minister Marc Lalonde and Alberta Energy Minister Mery Leitch will hold an Ottawa session "not too late in June" to try again to negotiate an energy agreement for Canada.Page 7
Railway-industry challengeFor the railways the challenge is better car utilization; for industry it's car supply. That the twin challenges are complementary ones was the message given to a British Columbia forest industry meeting by R. J. Ritchie, general manager, marketing and sales, Pacific Region. His remarks are appended.
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