Oldal 1 [1]
OCR
XeAcHiO.le For September 1952. INVESTMENTS AND OPPORTUNITIES IN CANADA. All over the wokld, Canada has the reputation of being the most desirable country for investments, Even in the United States there #s an aver increasing general interest by the public for their northern anighbor and his booming economy. This is significant as.the average American investor is well satisfied with the opportunities he can find in his own country. Although the Canadian dollar moved steadily up,reached parity, and now commands a premium, the powerful and continuous stream of American capital into Canada has been maintained,reaching now a total of $ 7 billions, This trend is understandable if one views a few statistics on the Dominon's economy. Canada is the third largest country in the world in area 25% larger than the U.S. - and has a population of only-14 millions. She is therefore substantially underpopulated. This fact notwithstanding she is the fourth largest international trader and the best customer of the United States, As far as raw materials are concerned Canada is, in the world in the newsprint production - 54% of the wor supply - in pe ot jg stos, Paes nga and titanium, in aluminium,cadmium, gold and zine, third in silver uranium (only a guess,as official datas are unatailable) , fourth in copper, lead and cobalt. é From a standpoint of electric power,the total Canadian production in 1951 amounted to 57 billion kilowatt hours . double the 1939 output. In the future, Canada will also be one of the largest producers of iron-ore. A 360-mile railroad was built from the St.Lawrence River to the Quebec-Labrador developgment,which indicates proven reserves of 400 million tons of high-grade ore. In northwest Ontario,another development promises 200 to 300 million tons reserves. Finally,the ironéore reserves of Belle Isle,New-Foundland,are regarded as among the largest on the world, A tremendous interest was raised in the United States and Europe by the substantial oíl and natural gas development in the Western provinces. In 1947,the crude production in Canada amounted to 7.6 million barrels. In 1951 it reached 48 million barrels. The potential o1l-bearing area of Canada - covers 800,000 square miles, 500,000 of which may be considered favorable.This is about 1/3 of the potential oil area of the United States. Proven oíl reserves amount to 1.6 bill’ barrels. It 18 estimated that this amount will climb to 20
