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The Economic Council of Canada. The fourteenth Annual Review to be published about a month after this address. A discussion of some of the major issues facing the Canadian economy over the next five years. Economic Performance and Outlook. Causes of high levels of unemployment. Consumer prices. Balance of payments deficit. Suggestions for the government. Projections. Longer-term Issues. Some trends affecting the shape and structure of the Canadian economy concerning the rate of economic growth, international trade, industry structure, location, the level and nature of investment, a built-in inflation bias. The capacity of our society to respond to these complex and interdependent issues as they change. Suggestions for change. A minimization of the seriousness of the current economic slowdown in the western countries.