CANADA: Free Dollar

During September, nearly $300 million in U.S. cash moved across the border for investment in Canada. Much of it was smart money from speculators who thought they saw a sure thing. Canada's trade was brisk, her U.S. dollar reserves mounting to a record high. The Canadian dollar was obviously worth more than its quoted price of 90¢ U.S., and revaluation seemed certain. If it should be hiked to its old par value of 100 U.S. cents, an investor would stand to reap a quick 10% profit.

Last week the Canadian government upset the dope. Finance Minister Douglas Abbott, a plugger...

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