As 1956 passed the halfway mark, every economic indicator pointed to prosperous times for Canada: plentiful jobs, increased wages and booming business. The only worry was that some of the spiraling factors would get out of control, upset the balance, and bring on inflation.
In the year's first half:
¶ Employment reached an alltime high of 5,664,000, while wages and salaries climbed 10% above the 1955 figure.
¶ The gross national product rose to an annual rate of $28.3 billion, indicating a 6% increase over last year's record.
¶ In the first two months of the fiscal year (April and May), the...