Word: canadianization
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Dates: during 1960-1969
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Last week Canada's dollar slid almost to par with that of the U.S., its lowest point in 4½ years, and U.S. visitors could spend their money without discount at department stores from Montreal to Vancouver. The currency decline may touch Canadian national pride, but it is just what the financial doctor ordered. In his interim budget, Finance Minister Donald Fleming announced his intention to realign the nation's lopsided balance of payments with the U.S. by imposing heavy taxes on U.S. investors. As to the effect on the dollar, Fleming reasoned that more taxes will dampen...
...push very hard. Though Canada's dollar hit a record high of $1.06 to the U.S. dollar in August of boom year 1957, it has been in slow decline since then. Since mid-1960, when a business slowdown was unmistakably felt in both nations, U.S. interest in Canadian investments waned to the point where the dollar dropped to $1.02 just before Fleming outlined his high-tax prescription fortnight...
...Leap. Although U.S. scientists may not visit Red China, Canadian scientists can and do. Professor J. Tuzo Wilson of the University of Toronto said that when he went to China in 1958 as president of the International Union of Geodesy and Geophysics, he found Chinese science in a thriving state. The Communist regime is pouring money and effort into its scientific "leap ahead," and the participants are fired by nationalistic fervor, even though many of them may not like Communism as such. A sad contrast, said Wilson, is the low morale among scientists on Formosa, where the Chinese Nationalist government...
...single American. For that matter, the University of Denver's Coach Murray Armstrong has only one American to put on the ice-second-string Goalie Paul DiNapoli of Belmont, Mass. With the exception of DiNapoli. every player on Denver's 20-man squad is a Canadian...
Last week, as Goalie DiNapoli once again sat on the sidelines, his Canadian teammates, true to form, trounced Michigan Tech by scores of 5-1 and 2-0. The supremacy of Denver's Canadians, holders of last season's collegiate hockey championship, is hard enough on U.S. pride...