Was Coyne Right?

Two months have passed since James E. Coyne resigned as Governor of the Bank of Canada. Recent Gallup Polls confirm what most observers predicted: this remarkable affair has dealt the Tories a serious blow. The spectacle of the head of the central bank waging open war against the Minister of Finance in a sometimes-lofty, sometimes-vulgar display must have made Canada look to some foreign observers as if she were a “new nation.” From the haze of argument certain vital issues of Canadian-American relations emerge.

Coyne, Governor since 1954, is a brilliant ex-lawyer who embarked a year ago on a series of provocative speeches whose main theme was foreign domination of Canada.

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Donald Coxe

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Two months have passed since James E. Coyne resigned as Governor of the Bank of Canada. Recent Gallup Polls confirm what most observers predicted: this remarkable affair has dealt the Tories a serious blow. The spectacle of the head of the central bank waging open war against the Minister of Finance in a sometimes-lofty, sometimes-vulgar display must have made Canada look to some foreign observers as if she were a “new nation.” From the haze of argument certain vital issues of Canadian-American relations emerge.

Coyne, Governor since 1954, is a brilliant ex-lawyer who embarked a year ago on a series of provocative speeches whose main theme was foreign domination of Canada.