Rise of Inflation and Unemployment
New Budget Emphasis on Providing More Jobs
The Canadian Economy is often regarded as a mirror image of the American—only smaller and more vulnerable to the shocks and jolts from abroad. Hence it should come as no surprise in the United States that Canada, too, is suffering from the twin economic ills of inflation and unemployment. The government of Prime Minister Pierre Elliott Trudeau in Ottawa, like the Nixon government in Washington, has had trouble this year deciding which was the worse evil. To combat one, the reins often must be loosened on the other.
In Canada, the emphasis seems to be shifting toward unemployment. The new national budget presented to the House of Commons on Dec. 3 included plans for $500 ...