Canada: THE DOMINION: Going Up

While the U.S. fought the fever of inflation (see NATIONAL AFFAIRS), Canada took its price-control pills and kept its economic temperature down. But the Dominion, afraid that controls, like drugs, might be habit-forming, recently took controls off a long list of consumer goods, from candy bars to Cadillacs. Last week it authorized a 10% boost in rents. The economic temperature rose. This week Canada was running a low fever.

Nickel candy bars (which have been 6¢, including tax) are now 8¢; "dollar specials" in candy are $1.25. Meats, bananas, soap, canned goods, bakery products, are up.

Men's clothing is higher in many...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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