This week the people of Canada got the bad news about the dollar-shortage disease.
To stop the buying spree which has been eating up the Dominion's reserves of U.S. dollars, the import of hundreds of items was abruptly cut off. Outstanding examples: radios, refrigerators, typewriters, washing machines, furniture, automobiles. (In the case of autos, the ban is temporary.) For countless other items, import quotas are established. Among them: textiles (cut to one-third of the last twelve months' imports), oranges, lemons, grapefruit, clocks, watches, toys, sporting goods.
Equally drastic was the Government's restriction of travel by Canadian citizens in the U.S.just when...