But Canada, with its very open economy, has a particular need to keep an eye on the changing fortunes of the international scene. Canada’s reliance on foreign trade has required us to be active internationalists for decades.
Louis Rasminsky, who went on to become Governor of the Bank of Canada, was one of Canada’s delegates at the Bretton Woods Conference that led to the creation of the International Monetary Fund (IMF) and the World Bank. Rasminsky played an important role, formal and informal, at the talks.