CANADA’S DEVELOPMENT

Dominion, Volume 23, Issue 55, 28 November 1929, Page 16

CANADA’S DEVELOPMENT

GREAT INCREASE IN MANUFACTURES. “We all remember the day when Canadians were regarded, and were indeed ready to regard themselves as the producers of no more than foodstuffs ami raw materials to be exchanged for British manufactures. The position is quite different to-day,” says the “Canadian Gazette." “It is true that the Canadian yield of farm produce is still stupendous, and tends to increase, but the fact remains that Canada’s manufacturing production far exceeds her agricultural pro-dui-tion. and will so remain. The British Trade Commissioner in Canada reports that no less than £950,000,000 is now invested 'in Canadian factories, and the investment covers a very large field of industrial production. Canada has come to rank among the manufacturing nations of the world. Manufacturing has increased 700 per cent, in output over that of 1901.. and' agriculture 400 per cent. Coincident with the in manufacturing has been the construction of power plants to furnish energy Tor their operations. Hydro-electric installation in 1900 was less than 200,000 horse-power, and to-day's installation has a capacity of 5,500,000 horse-power. Furthermore, in 1901 the value of Canadian mineral production was loss than £10.00,000; in 1929 the total will be close to £60,000.000. Indeed. Canada now ranks first among the nations of the world in the production of nickel and asbestos, third in gold, and the output, of copper, lend and zinc and other minerals is rapidly increasing.”