Canada: FOREIGN TRADE: Austerity Pangs

Great Britain's single-minded struggle for recovery was shaking Canada's hopes of prosperity.

Since Sept. 2, when the end of the Pacific war closed out mutual aid (Canadian Lend-Lease), London had piled more & more restrictions on imports from Canada. Almost the whole range of processed articles, from such job-producing industries as farm machinery, rolled oats, newsprint, office machines and household appliances, were barred from the British market.

Some manufacturers, concluding that they would have to build new plants in Britain, prepared to do so. Wheat and lumber were shipped only to tightly budgeted Government buyers. And then Canadian exporters began meeting similar"...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!