TITLE

Canada: Coping with a Twitchy Elephant

PUB. DATE
October 1971
SOURCE
Time;10/18/1971, Vol. 98 Issue 16, p48
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the impact of the increase in the surcharge of up to 10 percent on Canada's exports to the U.S. Canada's about 90 billion dollars gross national product depends on exports to the U.S. It is estimated that the 10 percent surcharge if maintained for a year, will cost the country 900 million dollars in exports and 90,000 jobs. Canadian Prime Minister Pierre Elliott Trudeau has suggested from the opposition New Democratic Party that Ottawa may put a retaliatory export tax on natural gas, oil and minerals needed in the U.S.
ACCESSION #
53808133

 

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