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A Comment on Canadian Post-War Monetary Policy
Published online by Cambridge University Press: 07 November 2014
Abstract
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- Type
- Article Commentary
- Information
- 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
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.