Oldal 2 [2]
XeAsle September 520 - 2
billion in a not too distant future. At the present,
transportation facilities are limiting production to
150,000 barrels a my When the "Tpans-Mountain Pipe
Lines", running from onton to Vancouver will be com¬
pleted in 1955,the production may be increased by
200,000 barrels a day. Soon, however, the total figure
will reach the 400,000 mark,which at the same time will
improve Canada's trade balance over $ 400,000,000 a year.
Natural gas discoveries in the past 6 years in Al¬
berta have totaled 125,with an estimated reserve of 8
trillion cubic feet which is expected to reach 12 trillion
in the future. A $ 100 million natural gas pipe line has
been approved from the Peace River area to the Pacific
Coast and will be completed by the end of 3958, 1353.
Canada is¥ one of the largest wheat producers ofthe
waria. exporting last year about 37 % more than the United
Bte8.
No analysis of Canadian production should ignor the
fortunate fiscal policy of the federal government. It is
the only one of the major powers that can claim the reduced
its debtg and show the budgetary surplasges each year
since the ende of the war. In the last 6% years the debt
has been reduced by 2,5 billions or 17 &.
PM TET HEME HEHEHE NEIL He EEE HEE
In Viewing the Canadian economic situation from an
investment point of view, it hes to be kept clearly in mind
thet investors who xkigsk wish to participate in the future
and growth of Canada will not be interested in “widow and
orphan" type of investment but will be attracted to more
speculative, They will have to take “calculated risks! On
the other hand, the influx of foreign capital on the Cana¬
dian market,seekind to participate in the country's growth,
has inevitably put a premium on the limited number of sound
uities, and has created a flood of most speculative secu¬
rities,
More than in any other environment,therefore,timing and
selection is important,in other words, adequate 4nformat ion
and a great deal of patience are the basis of successful in¬
vestments in Canada,
In general, one can say that the Canadian market is high.
Events undoubtedly will justify ultimately present andg sub¬
stantielly higher price levels for good Canadian Equities.
Nevertheless, it must not be forgotten that Canada,an essen¬
tially export country, will suffer from economic setbacks in
other countries, especially in the United States. However,