Dauphin Herald And Press in Dauphin, Manitoba

Bank Review Highlights Canada Slightly Beyond Its Means

The Bank of Montreal review for 1950 51 notes Canada lived slightly beyond its means in external trade. It reports a current account deficit of 316 million dollars last year the first since 1927 33 and warns of risks from debt or asset drawdown. Exports rise five percent in Q1 1951 but imports up three percent creating a 166 million overall first quarter deficit. Canada gains tariff concessions with the US and 15 other countries amid Torquay Harquay talks, aiming for broader, competitive trade conditions. Separate notice: Mrs Lora C Rathvon named president of The Mother Church in Boston, active Christian Science leader for four decades.