Word: canada
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Dates: during 1950-1959
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...during the week to 84½. Bethlehem 2¼ to 51, Youngstown 6f to 117. Also helping push the market up was a big play in the nonferrous metals market. Copper shares rose up to 9^ points for the week, partly on the strength of copper strikes in Canada, Northern Rhodesia and New Mexico. Zinc and aluminum stocks also rose. The feeling that the U.S. economy on the climb again would be a spur to world business helped push up stocks in Europe (see Business Abroad...
...three-man U.S. delegation will meet with delegates from Britain, France, Canada, Italy, Soviet Russia, Poland, Rumania, and Czechoslovakia...
News of the shift toward the U.S. came clear to Canadians last week, caused more of a stir than the R.C.A.F.'s similar decision (TIME, Oct. 6). Some critics of the new policy complained that Canada is becoming too dependent on the U.S. for military muscle. But there was really no alternative; the U.S. has what Canada need's. Said a Canadian colonel: "Canada will have an army again...
...stabilization plan for sugar has worked reasonably well. But restrictions on metals present greater problems, largely because of wide variances in production costs. Canada is reluctant to enter a lead and zinc cartel because her mining economy is booming, would prefer a free market in which high-cost producers, such as in the U.S., would be eliminated. Says W. S. Kirkpatrick, executive vice president of Canada's Consolidated Mining & Smelting: "The only real cure is to reduce output by closing down the high-cost producing mines. The natural economic law of supply and demand should be allowed to work...
...protect Bolivia and other friendly nations, the U.S. buys no tin from Russia; last week Canada decided to buy its tin only from members of the International Tin Council. Since there is no guarantee that Iron Curtain countries will abide by any metals agreements, Western nations can make stabilization programs work only by standing together in restricting purchases from Russia...