OTHER NEWS - Oct. 1, 1992

Canadian Prime Rate Jumps: Canadian banks raised their prime lending rate a full two percentage points to 8.25% as that country became the latest target of foreign exchange speculators. Raising interest rates is one of the first lines of defense for a country whose currency is under siege from speculators. The Canadian dollar came under attack on Tuesday after Prime Minister Brian Mulroney warned of the danger of rejecting a new constitution that would make major changes in the powers of the Canadian provinces and the nation’s central government. The Canadian dollar was at 80.25 U.S. cents Wednesday, up from 79.84 U.S. cents Tuesday, a six-year low.