Canada: THE DOMINION: New Rules, New Roads

The news had come too fast for quick digestion. Not until Canadians had a chance to study last week's historic pronouncements did they realize that their government had boldly set the Dominion's economy on a new course. The trip would be risky, the destination uncertain.

The $300 million credit loan from the U.S. Export-Import Bank was not particularly disturbing, nor were the new restrictions (a limit of $150 a year) on pleasure travel in the U.S. Restrictions on imports from the U.S. were harder to take. Finance Minister Douglas Charles Abbott said they would be "temporary." But for the time being...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!