Said Albert Clifford Ashforth, president of the Toronto-Dominion Bank: "Canadians never had it so good. In 1955, they produced more, imported more, exported more, earned more, spent more, consumed more, borrowed more, saved more and invested more than in any previous year."
If Ashforth sounded a little more like a barker making a midway spiel than a banker making a year-end report, he had good reason. Any Canadian taking stock of the nation's economy at the close of 1955 was bound to be buoyant. The year had begun with some 500,000 unemployed, and with spreading fears that Canada's postwar boom...
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