CANADA'S STABILITY.
PREMIER POSITION IN WORLD PALM WRESTED FROM U.S. A. and N.Z. LONDON, Sept. 8. Canada has -wrested from the United States first plaoe in currency stability, American dollars being quoted in Montreal on Thursday at a quarter of a cent, discount, compared with 25 to 30 centa premium the beginning of the year. The chief factors contributing to the change aire: Firstly, steady improvement in Canadian trade and industrial and agricultural production ; secondly,' slack American trade conditions resulting in investment of American capital m Canadian securities; thirdly, restriction of American exports to Canada owing to strikes. The Daily Express points out that Canada cannot afford to borrow from Britain at the present rate of exchange, with the prospect of having to repay some day at par, when she can obtain loans on a parity basis from the United States.
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New Zealand Herald, Volume LIX, Issue 18192, 11 September 1922, Page 7
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141CANADA'S STABILITY. New Zealand Herald, Volume LIX, Issue 18192, 11 September 1922, Page 7
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