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A joint meeting of The Empire Club of Canada and The Canadian Club of Toronto.
An address "on the very threshold of a 20 per cent Federal income tax cut." Forecasting that the most important precondition of U.S. Canadian economic relations in 1964-65 will be satisfied. Against the backdrop of tax reduction, a review of the performance, the policies, and the prospects of the U.S. economy, with a few observations on U.S.-Canadian economic relations. The subject is discussed under the following headings: The Tax Cut; The 1964 Outlook; The New Setting of Economic Policy; The Price-Wage Problem and Monetary Policy; Canadian-U.S. Economic Relations. Pursuing bilateral discussion of economic issues through a joint Working Group set up by the Prime Minister of Canada and the President of the United States one month previous.