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....
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