The Canadian balance of international payments in the post-war years, 1946-1952 /

The first of these volumes contained detailed descriptions of methods developed up to 1939; the second volume described and analyzed trends in the balance of payments in the period from 1926 to 1948, and brought up-to-date the description of methods together with revised statistics for the whole period. [...] In this way, Exchange Crisis in 1947 the United States became the market for more than half the commodities exported from Canada In the The circumstances which have been described years following 1948, as the proportions fell which above led to a rapid loss of liquid reserves and to were exported to the United Kingdom and the rest of the exchange crisis of 1947. [...] Changes in the position of the overseas world as well as developments in Canada and the United A prominent feature of this period was the en- States have had Important influences upon the larged inflow of capital, particularly inflows con- bilateral pattern of Canada's balance of payments. [...] Inflows for direct The underlying international currents of supply and investment in Canada and from the sale of new demand have had basic effects upon the changing issues of securities in the United States were the patterns of Canada's balance of payments in the principal channels of the investments connected period. [...] Changes in foreign exchange rates have also a greater part of the Canadian balance of payments been an important influence in the background at- In the early post-war years than was the case in the fecting the direction of international trade.