The government was sore at business. A lot of the skyrocketing of prices, it argued, was unnecessary; e.g., it takes about three weeks to cure bacon, but as soon as higher bacon prices in the British food contracts were announced, Canadian packers boosted domestic prices to match. Price hikes on pork and veal were even less justified, the government felt, because they were not directly affected by the British contracts and there were big stocks on hand. For these, as for all other price increases, consumers blamed the government, and consumers have votes.
Last week, Prime...
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