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Happy Canada Day! Reading time: 3 min 30 s Dian Cohen By Dian Cohen The Government of Canada has just announced that as of the end of this year, for the first time ever, Canada Savings Bonds will no longer pay interest – they’re telling us all to cash them in. I was seven years old in 1939. One of the highlights of that year was that King George V1 and Queen Elizabeth visited Winnipeg – along with thousands of others, I stood on Wellington Crescent to wave. Later that year, during the first week of school, the second world war was declared. Waging war is expensive. Between 1939 to 1950, it cost Canada $21.8 billion – about $386 billion in today’s dollars. More than 45,000 Canadians died, and the Canadian economy boomed. Canada produced $5.8 billion from its natural resources during the war. … Unemployment disappeared (the unemployment rate fell from 11.4 percent in 1939 to 1.4 percent in 1944), wages in

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