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An exploration of "Canadian-U.S. trade links in the context of the current world trade situation and the problems that bear on it." Four major problems include: "world-wide instability and the global economic slowdown; the resulting pressures on global trade; the international imbalance of payments; and the growing sentiment toward protectionism in the U.S. and elsewhere." The recession and its effects, particularly in Canada and the U.S. The IMF and the World Bank and what they can do about the imbalance of payments. The role of OPEC nations; Canada's role. The Federal Bank Act revisions anticipated in Canada. The Canada-U.S. partnership and its survival beyond any problems in trade relations.