CANADA’S TRADE

Hokitika Guardian, 8 September 1930, Page 2

CANADA’S TRADE

UNITED STATES ALARMED. SAN FRANCISCO, Aug. Z. The United States is intensely worried over Canadian voters evicting the Liberal Administration and electing by a thumping majority the Conservative Government of the Hon. R, B. Bennett, K.C. On the morning after the votes had been counted and the extent of the victory of the Conservatives delineated the financial giants of Wall Street saw a tremendous falling-off in trading with the neighbouring Dominion. Statistics were circulated’ on the “tape” machines and distributed all over the United States stating that Uncle Sam would lose business with Canada, to the extent of 500,000,000 dollars annually. This, it was estimated, would result from the victory of the Conservatives. whose policy will be to pass legislation protecting their own industries and compelling the United States to pay dearly for the absolute necessities that Uncle Sam must have from Canada, especially the hard No. 1 wheat, which lias to be inter-mixed with American wheat to produce the essential bread flour. In the gigantic trade which Uncle Sam’s newspaper proprietors do with Canada in pulp for manufacturing into newsprint, it is expected that a tariff wall will be erected by the Conservatives at Ottawa by which, in future, the paper will have to he made in Canada and thereby furnish employment for thousands of idle Canadian workmen. The policy of the new Government will be “Canada First.”

This fact that Canada is swinging towards protection and a Canada' First policy has entirely upset a section of Americans, and such a furore was created by the news of the Conservative victory that leading stocks on the New YorkA Stock Exchange crashed, some losing four to five points. One of the worst features, from the ])oint of view of the United States, is the threat from Vancouver that efforts will be made effectually to keep out fruits from the States of California and Washington, a fact which should tend to increase business with Australia and New Zealand, besides encouraging the fruit ranchers of British Columbia and some of the Eastern Provinces to go more extensively into fruit culture for domestic, purposes Americans realise that Canada has been playing a losing game in the trade balance for many years, and Canada is about to initiate a policy to even up mutters economically and bring back to her borders the hundreds of thousands of Canadian workers who have migrated into the United

States in search of work,, which was unobtainable in the Dominion under tli© Liberal regime. A great trade development is expected in Canada shortly, with industries working full time.