The Hemisphere: Quick Quarter-Billion

While Tory John Diefenbaker shouted "Buccaneers!" and Trade Minister C. D. Howe roared "Who's going to stop us?", Canada's Liberals a year ago bulled legislation through Parliament for a pipeline to carry natural gas across the country from the Alberta fields. Though Trans-Canada Pipe Lines Ltd. was a private enterprise, the Liberal government generously agreed to build the Northern Ontario section of the line, which the promoters gloomily called "uneconomic," and even lent Trans-Canada $50 million when it claimed to be hard up. Only last week did the full measure of the big deal come clear: before a whiff of...

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