Orders of the Day — Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 14th July 1949.

Alert me about debates like this

Photo of Hon. John Maclay Hon. John Maclay , Montrose District of Burghs 12:00 am, 14th July 1949

The only way in which Canada can begin to do that is by some effective multilateral system being made possible. There is no other way unless we ask Canada to change her whole method of living and join the United States outright. There is no possible way by which she could come back to us except by a multilateral system. I do not think I should go on with that subject now, because I have certain other remarks to make, but I shall be prepared to take up the point on another occasion.

Coming down with some difficulty from these more lofty planes, may I say that what has surprised me most in this Debate and the events of the last few weeks is that it appears that this financial crisis, or pending financial crisis, has come as something of a surprise to the Government and not only to this Government but to other Governments.