CANADA: Surprise Surplus

Canada's Douglas Abbott has recently been suffering a peculiar kind of financial embarrassment for which almost every other finance minister in the world might envy him. In his budget speech last April, Abbott predicted a $30 million surplus for the 1951-52 fiscal year. Instead, after seven months of steadily mounting national income, the treasury is brimming with a surplus of $604.7 million.


Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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