Agricultural and Industrial 

 Progress in Canada 



A monthly review of Agricultural and Industrial progress in Canada, 

 published by the Department of Colonization and Development of the 

 Canadian Pacific Railway at Montreal, Canada. 



VOL. 



No. 8 



MONTREAL 



August, 1922 



The Business Outlook 



AT this season of the year, as each year 

 comes around, the eyes of Canadian 

 business men are focussed on the crop 

 situation. On it depend the loosening of credit, 

 the prosperity of the farmer, the employment 

 of labor, and, in .fact, the Dominion's future 

 yearly industrial and commercial activity. 



The signs at this writing are for a good crop. 

 The Prairie Provinces have been blessed with 

 heavy, general rains, an almost excessive 

 moisture in the East has assured a bounteous 

 hay crop, while the fruit crops in the Okanagan, 

 Niagara and Annapolis Valleys are reported 

 most promising. Livestock, with ample pastur- 

 age, has improved. 



That very old 

 and conservative 

 organization, 

 The Hudson Bay 

 Company, is confi- 

 dent of the business 

 outlook, for at the 

 recent annual meet- 

 ing, Sir Robert 

 Kindersley, the 

 Governor, said: 

 "Canada's real pros- 

 perity has always 

 depended and must 

 depend upon her crop and the well-being of her 

 agricultural communities. Disturbances of 

 economic conditions due to the war are being 

 adjusted. Recovery is necessarily slow, but 

 there are no grounds to suppose that the recent 

 check to the prosperity of Canada is anything 

 but temporary." He is of the opinion that a 

 good crop which is in sight will impart a 

 marked stimulus to trading. 



The Canadian pulp and paper industry is 

 not affected by the "emergency" or any other 

 tariff. Owing to the strong demand for its 

 products from the United States, it is resuming 

 much of its old-time activity. During May, for 

 example, 50 per cent of our exports to the Repub- 

 lic were in the form of wood, pulp and paper. It 



is understood that American publishing interests, 

 not having received from certain European 

 countries the satisfactory supplies of paper they 

 had expected, have turned again to Canada. 

 Thus it is found that of 78,031 tons of paper 

 imported into the United States in the early 

 spring, 73,119 tons were from Canada; the 

 figures for unbleached sulphate and ground pulp 

 show much the same proportion. Exports of 

 newsprint to all countries for the twelve months 

 ending May were 16,050,000 cwts., or 1,346,000 

 more cwts. than during the preceding period. 

 As foreign capitalists are heavily interested 

 in Canadian mining ventures, it will be of 

 interest to know that the Dominion's total gold 

 production to the middle of the present year is 

 $488,000,000; silver, $265,292,000; copper 



$270,529,000; nickel, 

 $173,473,000; lead, 

 $54,000,000;and zinc 

 $20,000,000. A total 

 production in these 

 metals of $1,270,- 

 000,000 for a young 

 country the south- 

 ern fringe only of 

 whose mineral re- 

 sources has been 

 touched, gives a fair 

 indication of what 

 lies before it. 



It is these known resources, added to our 

 vast forest areas, agricultural and most extensive 

 water-power resources, that undoubtedly make 

 of Canada one of the most promising fields of 

 industry. But though extremely valuable, they 

 might prove of little worth to the present gener- 

 ation of Canadians were it not that they lie next 

 to the wealthiest, and the most prosperous, 

 country, the United States, which has the money 

 to develop them and which, year by year, is 

 taking an increasing interest in Canadian invest- 

 ment and development. 



Great Britain also is showing signs of a 

 greater interest in Canada. Within the past 

 month, representatives of the Federation of 

 British Industries and the Glasgow Chamber of 



