CANADA: Self-interest Appeal

Canada's Ambassador to Washington, Arnold Heeney, last week tried a new approach to win support for lower U.S. tariffs and fewer restrictions on Canadian exports. Speaking to a convention of the Investment Bankers Association of Amer ica at Hollywood, Fla., Heeney passed lightly over Canada's case for increased trade, instead stressed the self-interest of U.S. investors in Canada's prosperity. "Whether or not Americans realize it," he said, "they have acquired an important stake in Canada's foreign trade."

The U.S. investment stake in Canada now amounts to more than $9 billion, Heeney pointed out, and most of this money is invested in...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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