Canada at War: EXTERNAL AFFAIRS: Creditor Canada

Canada last week stepped up front as one of the world's creditor nations. She invited overseas customers to step up and place their postwar orders. Parliament quickly approved a bill to provide $300,000,000 in cash or credit to finance foreign purchases of Canadian goods, another $50,000,000 to insure exporters against foreign-trade risks. This was as if the U.S. Congress had appropriated $5 billion in credits for U.S. overseas customers.

The purpose of the Canadian bill was to keep Canadian trade moving in the next three years when economic dislocation is likely to be greatest. Canada's war-booming...

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