Canada: EXTERNAL AFFAIRS: The Half-Billion Touch

Canada cast up its accounts for half a year's trade with the U.S. and the figures were shocking. June shipments of $175 million had boosted the half-year import total to $981 million. Against this, Canada had sold only $482 million worth of goods to the U.S. The staggering adverse balance of almost half a billion in U.S. dollars made a big dent in the Dominion's war-hoarded reserves, even though hard-pressed Britain helped out by paying Canada in U.S. dollars for $220 million worth of food. The Bank of Canada's Graham Towers, who knows, was not telling how many U.S....

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