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A Comment on Canadian Post-War Monetary Policy

Published online by Cambridge University Press:  07 November 2014

Harry C. Eastman
Harry C. Eastman*
Affiliation:
University of Toronto
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Type
Article Commentary
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Canadian Journal of Economics and Political Science/Revue canadienne de economiques et science politique , Volume 21 , Issue 3 , August 1955 , pp. 363 - 364
Copyright
Copyright © Canadian Political Science Association 1955

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References

1 This Journal, XX, no. 2, May, 1954, 207–26.

2 See my article, “Recent Canadian Economic Policy: Some Alternatives,” this Journal, XVIII, no. 2, 05, 1952, 135–45.Google Scholar

3 In 1946, when our current surplus was of $363 million, loans and advances were drawn down by $750 million; in 1947, the surplus fell to $49 million and the drawings to $565 million; in 1948, the surplus rose to $451 million and the drawings had been cut down to only $142 million. Other capital movements were quite overshadowed by the governmental loans.

4 The important exception to this generalization is the demand for Canadian wheat, for imports into the United States were then, as they are now, subject to a quota.