Vladimir Putin

Stewart, James

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A backward look at the Canadian business scene where much has changed since the outbreak of war in 1939. The speaker's view that under the insidious influence of inflation and international uncertainty we have accepted a changing pattern of economic activity as part of the Canadian scene. Developments in the past eight to nine years significant, with far-reaching implications. Some statistics, selected to show interesting contrasts and indicate the kind of changes that have been taking place: population, number of dwellings, the Canadian budget for taxing and spending. Canada's position the year before the war broke out in economic terms: working its way out of a widespread depression. Entering the war with a surplus of manpower, a surplus of industrial capacity, and a surplus of resources. Canada's position at the end of the war. The capital requirements of post-war developments. The trend in capital formation since 1945 overshadowing any other period in Canadian development. Canada's second period of resource development. Outlets for Canada's enlarged production at the end of the war when many countries were experiencing a reduced productive capacity. Some export and import figures. Trade figures in recent years that show a strong north-south bias. The similarity of our economy to that of the United States and how that limits the expansion of that market for many of our products. The difficulty in determining the precise relationship of employment to foreign trade. A figure of three out of eight employed in foreign trade an estimate that may be on the low side. This as an indicator of the importance of healthy trade relations. Reconciling the diverse factors; meshing the international and the domestic ingredients with national objectives in mind. Canada's international position; in the United Nations and in the North Atlantic Treaty Organization. Canada's contribution to the Colombo Plan and other similar schemes to vitalize the economies of backward nations. Canada as a trading nation with a growing dependence on the rest of the world, and why. New demands for resources and wider markets for the distribution of end products due to the level of industrial development throughout the free world. Balancing exports and imports. Some remarks on means of payment and price as two of Canada's continuing problems. Focussing our attention on the freest trade possible; being prepared to make the cost and price adjustments necessary to this end. The importance of pre-war British foreign policy on North America. A look at the Canadian budget for the last pre-war year. National defence and military outlays. A similar position in the United States. A forecast for the American and Canadian taxpayer. Canada's proximity to the U.S. and the interdependence of our economies, resulting from the pursuit of Communist ideology by the Kremlin. Making us conscious for the foreseeable future. The importance of the Commonwealth to us and of us to the Commonwealth.

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