Clarence Decatur Howe, Canada's normally fluent Minister of Trade & Commerce, was at a loss for adjectives when he delivered his annual review of Canadian business last week. He finally settled for a sedate understatement: "The year 1951 has been a good year for Canadian business at home and abroad."
It was not only good; it was the best ever. Canada's national product jumped from $17.8 billion in 1950 to $21 billion in 1951 (making it roughly comparable to the national product of France). Her foreign trade and cash farm income both rose an estimated 25%. Production boomed in all...
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