Canada: THE DOMINION: Dollars to Doughnuts

The price of bread zoomed. Last week's removal of all but the last remnants of Canada's wartime* controls sent it up an average of 3¢ a loaf (biggest reported boost: 6¢ for a 24-oz. loaf in Timmins, Ont.). It was no help to eat cake. Bakeries were all set to charge more for cake, and for pie, too.

It was going to cost Canadians more not only to eat, but to dress and to build. Ottawa stores predicted that rising leather prices would raise the price of shoes $2 to $4 a pair. A similar prediction in Winnipeg set...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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