Canada at War: EXTERNAL AFFAIRS: Open for Business

To the Parliamentary Reconstruction Committee last week Deputy Finance Minister Dr. W. C. Clark voiced one of Canada's prime postwar worries. Said he: "Unless Canada can convert British sterling to U.S. dollars, Canada's [postwar] lot will be hard indeed."

Finance Expert Clark was arguing for a firm postwar international agreement on currency. But he was also driving home the point that Canada, more than most countries, must trade to live. In a war boom that has swelled Canada's exports to more than five billion dollars, the hard facts of Canada's prewar trade were forgotten. Then Canada was the best U.S. customer....

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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