Canada: THE DOMINION: Back in the Black

For the first time since 1930, Canada's budget was in balance. The Dominion was taking in more than it was spending. Despite the summer's crippling strikes, Government revenue from income and excess profits taxes for the first seven months of the 1946-47 fiscal year (April 1 to March 31) was a thumping $157,000,000 ahead of estimates. In the same period, Government expenses were about $200,000,000 lower than anticipated. Surplus to date: $180,000,000.*

It seemed to be no midyear freak, either. It was almost certain that the budget would still be in balance at...

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