Hart, G. Arnold
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Reported remarks by a number of commentators who, in recent months have suggested that Canada has turned away from the period of relatively slow growth since the mid-fifties to a period of dynamic growth which was widely predicted at the beginning of the sixties. Indications of such a turn. A number of expansionary forces that seem to be gathering strength in industry and in the fields of housing and social capital. Other indicators include the changing age structure of Canada's population and the prospect of innovation and technological change in the years immediately ahead. Expectations of a sizeable increase in Canadian output between now and the end of the decade. Expectation of the Bank of Montreal, used for planning. What held Canada back in the past: the speaker's list. What is implicit in the Bank of Montreal's forecast. Encouraging Canadians to maintain and increase their ownership of productive enterprises. A suggestion for more emphasis on the positive use of taxation to encourage domestic investment. The need for a high rate of investment if Canada is to grow and develop as the speaker outlines. Canada's position in a competitive world. The need for discipline. A number of important areas where a greater amount of public funds could usefully be employed. Scrutinizing proposals for enlarging the scope of government expenditures. Adapting Canada's economy and institutions to the demands of the sixties. Canada's chartered banks seeking more scope in order to move with the times and to make the greatest possible contribution to Canadian economic progress.