The state of business and the uncertainty of politics in Canada have perplexed investors for some time. One year ago, a balance-of-payments crisis forced the Diefenbaker government to clamp on a dollar-devaluing austerity program, and less than one month ago, some far-out budget proposals (TIME, June 21) shook the new Pearson government. But as a whole the Canadian economy looks healthier than in half a dozen years.
Unemployment, although still a discomfort at 5.2%, has dropped from more than 7% in 1961. Retailing, oil and chemicals appear to be heading for bumper years. Steel's future gleams so brightly that Hamilton's...
To continue reading:
or
Log-In
