Word: latin
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Dates: during 1940-1949
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Canadians may look on the Pan American Union and a hemisphere defense treaty with a jaundiced eye (TIME, Sept. 8) t they are glad to do business with their Latin American neighbors. Before the war, Canada's trade with Latin America was a piddling one-half of 1% of her total foreign commerce. By 1946 it had jumped to 5.1%, amounted to $218,290,000. It is still growing. The Dominion Bureau of Statistics reported last week that in July Canada's exports to Latin America totaled $9,366,000, against $6.806,000 for July...
Canada and Latin America in general were competitors in the world market in 1939. When the war cut off traditional European customers, they found that they could do business with each other. Latin America had vegetable oils, coffee, bananas, cotton, sugar and many another tropical product that Canada wanted. The Dominion, in return, needed markets for newsprint, machinery', wheat and whiskey...
After the war, Canada went all-out to cultivate South America. Most-favored-nation trade agreements with Latin American countries were extended to a total of 16. By May of this year, there were Canadian Trade & Commerce Department offices in Mexico, Guatemala, Cuba, Colombia, Chile, Argentina, Brazil, Venezuela and Peru. Canadian investments south of the Rio Grande, principally in mining, oil and public utilities, now total some $150 million.† Canadian banks and insurance companies are pushing business with the Latinos...
...deal is not all beer & skittles. Latin America, like Canada, trades in U.S. dollars. Because their dollar supply is dwindling, all countries except Venezuela and Cuba are restricting imports. That means fewer profitable trips for Canada's traveling salesmen. But they are not downhearted. Said Canada's Trade Minister James Angus MacKinnon last week: "The lively interest . . . both in this country and in the Latin American republics, in what each has to offer the other . . . has been extremely gratifying...
...young man, Peacock, the son of a defunct London glass merchant, had become so disgusted with formal schooling that he elected to educate himself. He forthwith concentrated on the Greek, Latin, French, German and Italian classics-and was still at it when the fire broke out at Lower Halliford 60 years later...