EUROPEAN CRISIS
EFFECT ON COMMITMENT? IN CANADA. MONTREAL. “The crisis suddenly arising in Europe caused a temporary halt in forward commitments in Canada, but since the Munich,, agreement in the latter days of the month business has begun to resume its forward movement and is doing so under more favourable conditions than those preceding the interruption.” In these words, the Bank of Montreal sums up the effect of the recent international situation on Canada in its monthly letter. “A better atmosphere has been created,” says the report, "by the marked improvement in trade indices in the United States, with which country Canada exchanges so large and wide a variety of products, while chief among the more auspicious circumstances of a domestic character is the fact that the purchasing power of the western farmers, besides being well distributed over areas which last year sustained crop failures, * is coming into play earlier than in previous years and is proving a marked stimulus to business.”
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Wairarapa Times-Age, 9 December 1938, Page 7
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162EUROPEAN CRISIS Wairarapa Times-Age, 9 December 1938, Page 7
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