CANADA: The Indispensable Ally

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Upon the whole surface of the globe, there is no more spacious and splendid domain than Canada open to the activity and genius of free men. —Winston Churchill, Ottawa, Jan. 14,1952

In Wall Street last week, barely five weeks after it had been freed from controls to establish its own value, the Canadian dollar hit par with the U.S. dollar. Across the world, in the free markets of Paris, Milan, Tangier and Beirut, Canadian dollars were suddenly in such brisk demand that money-changers priced them at 101 U.S. cents. In the confused...

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