ANADIAN DOLLAR MAY BE REVALUED
XEW YORK, December 19. ! spile previous denials, the Wall j ei't Journal's Ottawa correspon- ] il repeats the runtour that the j tadian dollar is likely to be reued. he eorrespondent points out that j aiia's sharp increase in imports heavy decline in experts are caus- j ii1.- tnsideration of C'anada's finanj)i liey. The reduction of New j k in iees of Canadian Government ; Is i:, the past fortnight has heen ilu::ed to apprehension about such OVe. iwvvever, Canada revises her ian.. e rate downwards it will he a piete l-eversal of the policy aniieeti hy the former Finance Minr, Mr. Ilsley, who justilied the ity the Canadian with the UniStacs dollar on the ground that neill. i prevent too sharp a rise in adian prices. 'or iii^lt) months ended 011 Oeto31, Canada's imports from the tei! States rosp to over 1,110,0'00,1I0 iars, while experts to Ihe jted States declined to 714,000,009 iars, t-ompared with 1,109,000,tloilais in imports and 1.006,000,- [ doilurs in exports in the same iod i.f 1945. This reversal of the le iiukmce- naturally caused a h devline in Canada's gold hold-
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Rotorua Morning Post, Issue 5283, 20 December 1946, Page 5
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188ANADIAN DOLLAR MAY BE REVALUED Rotorua Morning Post, Issue 5283, 20 December 1946, Page 5
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