CANADA: Boom Minus Bloom

Was the bloom off Canada's durable boom? Although 6,000,000 Canadians, more than ever before, have jobs, and the gross national product seems sure this year to edge over 1956's record, some soft spots are appearing in an economy that is closely tied to the U.S. Cautioned the Bank of Nova Scotia: "The upward trend of Canadian business has in recent months been tapering off."

Industrial wages climbed higher month by month, but the cost of living edged up too. The Bureau of Statistics reported last week that prices in August set a new high for the fifth straight month—this one...

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