Foreign News: Ceiling over Inflation

Canada last week took care that World War II would not follow the economic pattern of World War I. Like the U.S. and most other countries, Canada was unprepared for the soaring inflation of the first World War, or for the sick swoop of depression that followed.

This time Canada was ready. In the first weeks of the war a Wartime Prices and Trade Board was set up. Considering the fact that Canada has been actually at war for two years, the Board has done a reasonably able job of keeping down prices of necessities, particularly rents. The work of the Board...

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