This work was first conducted in the Internal Trade Section of the Dominion Bureau of Statistics and later transferred to the Balance of International Payments Section of the Bureau in 1943, on the dissolution of the Internal Trade Section. [...] Valuable co-operation has also been obtained from other government departments, especially from the Customs and Excise Division of the Department of National Revenue and the Immigration Branch of the Department of Mines and Resources in the improvement of tourist statistics. [...] A description of sources of information and statistical methods appears in Part II of the report,—bringing up to date the detailed description of the methods developed in the period up to 1939 which were described in the report, The Canadian Balance of International Payments, A Study of Methods and Results, published in 1939. [...] The importance to Canada of Euro- pean recovery and the eventual easing of acute balance of payments problems of that continent are a reminder of the extent to which balance of payments problems beset the world and the future economic position of individual countries. [...] These statements present an over-all view of the relations between the Canadian economy and other countries, revealing the impact of foreign demand and expenditure of income outside of Canada upon the economy, and the relation of these to the international financial position of the country.