This is probably the most important single volume on Canadian affairs that has appeared for some time. It consists of the papers and proceedings of the study groups of the Canadian Institute of International Affairs, which means that it reflects the opinions of some of the best minds in the country. The first part is given over to an analysis of the Canadian economy and the results of depression, the second to the problem of Central Banking in Canada. The student will find here material on the key industries -- wheat, mining and wood-pulp -- as well as on transportation problems, the public debt, the labor question, etc. Needless to say, the discussions do not lead to any single or simple solution, but the various proposals for change and improvement should be of interest to all who follow policies of recovery in the United States and elsewhere.