Oldal 2 [2]
OCR
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 completed 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 Alberta 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 Canadian 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 securities, 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 investments in Canada, In general, one can say that the Canadian market is high. Events undoubtedly will justify ultimately present andg substantielly higher price levels for good Canadian Equities. Nevertheless, it must not be forgotten that Canada,an essentially export country, will suffer from economic setbacks in other countries, especially in the United States. However,
