Word: canadians
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Dates: during 1950-1959
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...Anita Boyer Field, Frederick Field's wife, and former wife of McGill University's research chemist Raymond Boyer. Chemist Boyer served 19 months for passing Canadian explosives secrets to the Soviets...
Cross-Country Effect. The effects of the rate touched all of Canada. In Montreal a spokesman for the Canadian Pulp and Paper Association, whose members sell newsprint for U.S. dollars, complained that the "abnormal and artificially high value of the Canadian dollar" had created an "urgent and pressing problem" for ex port industries, which still must pay their domestic costs in high-priced Canadian dollars. In Alberta cattle growers found the interest of U.S. buyers waning in the face of a 6% exchange...
Supply & Demand. Economists had a ready explanation for the demand for the Canadian dollar: heavy foreign investments in Canadian securities. But Canada's tight-money policies also figured in the climb. Last week the Royal Bank of Canada and the Bank of Montreal increased their prime rate-the interest rate on high-grade business loans-to 5¾% (v. 4½% in New York). The rise will drive more Canadian borrowers to the New York money markets for funds, and with their borrowed U.S. dollars, they will help bid up the price of Canadian dollars...
...worried that trade may freeze in this pattern. Yet the alternatives are scarcely inviting. Discouraging foreign investment might touch off a recession. If Canada tried to peg its dollar at a lower level, it would redouble the incentive of foreign capital to invest. And it is questionable whether Canadian taxpayers would willingly finance a costly stabilization plan certain to cause higher prices at home...
SEAWAY BATTLE over St. Lawrence will flare up again next month when U.S. and Canadian governments begin work on setting toll rates. Eastern businessmen, railroadmen, truckers and shippers (who originally opposed seaway, now favor it) have formed 22-state group to fight for high tolls, which would make Midwestern ports less competitive. But Great Lakes-St. Lawrence Association is lobbying hard for rock-bottom tolls in first years of the seaway to attract new business...