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. 4 No. 11 



MONTREAL 



November, 1922 



Canada's Economic Students 



CANADA is flooded annually with a stream 

 of American visitors. Scores of both 

 sexes come up across the border during 

 the months of summer and fall to holiday in 

 the Dominion, to browse on the wild scenery 

 of Canada, to recreate in the expansive and 

 primitive national parks. Scores of others are 

 attracted by the plenitude of game and the 

 excellency of the hunting the country furnishes. 

 All summer and fall these transients have been 

 in evidence in every section of the country, on 

 the railways and the motor roads, and for the 

 finer months of the year constituted such a 

 volume, considered comparatively, as to leave 

 the distinct imprint of their national charac- 

 teristics upon the 

 country. 



But the journey- 

 er on Canadian rail- 

 ways will encounter 

 at all times of the 

 year still another 

 kind of visitor, a 

 type less numerous 

 and less obtrusive, a 

 quiet, modest, un- 

 assuming man, say- 

 ing little. He asks 

 intelligently, leading 

 questions, and obviously thinks a great deal. 

 He has the aspect of one genuinely seeking 

 information, and his impressions are deeper than 

 scenery and beauty impart. He wants to know 

 many things about the country and is not in- 

 frequently prone to make Canadians ashamed 

 of their ignorance of their native land. He is 

 the American business man stealing a well- 

 earned rest and respite from his neighbors, yet 

 bent on making his leisure profitable and edu- 

 cating himself further. Knowing his own 

 country, he desires to study that of his nearest 

 neighbors at first hand. 



It is not only distinctly illuminating and 

 entertaining for a Canadian to get into conver- 

 sation with such an individual, but a positive 



With United States funds at a slight discount in some 

 communities in Canada, the surprising improvement in 

 Canada's financial position that has taken place during the 

 past twenty-two months is indicated. In December, 1920, 

 the premium on N.Y. funds in Canada was 19.2%. No 

 country that was a belligerent during the Great War can 

 show a better record than this. If anything is needed to 

 demonstrate the soundness of Canada's position, it is 

 surely to be found in the foregoing. 



tonic to one who, in his own personal trials and 

 tribulations, has lost a wholehearted confidence 

 in his Dominion. The traveller has the benefit 

 of a comparative outlook. He hails from a 

 country which has had the same troubles and 

 passed through exactly the same stages of de- 

 velopment. With his keen business acumen he 

 can readily compare, gauge the economic 

 position of the country, and fairly accurately 

 determine immediate prospects. 



This class of men is not naturally effusive 

 nor subject to undue enthusiasm, but a few 

 minutes' converse with such a traveller, making 

 his first trip to Canada, will disclose the fact 

 that he is absolutely surprised and astounded 

 with all he is seeing and learning. Invariably 

 he will voice a wonder at the wealth and ex- 

 tent of the countr> 's 

 natural resources 

 and at the stage of 

 development the 

 country has already 

 attained. A single 

 train journey across 

 Canada has educat- 

 ed him to the real 

 status of the Do- 

 minion and the place 

 it deservedly occu- 

 pies among the 

 countries of the uni- 

 verse. After all, in matters ol economics, pen 

 pictures are a weak method of portrayal, and 

 statistics, though enlightening, have not the 

 force of appeal of actual visioning. 



Such interest in Canada is quite compre- 

 hensible, for the Dominion is becoming to> 

 an increasing extent, a depository for surplus 

 American money. Many of these men have in 

 vestments in Canada or are contemplating 

 making them there. It is natural that they 

 should wish to assure themselves of the safety 

 of such moneys or determine*the wisdom of 

 carrying out their intents. In the proximity of 

 the two countries, the American business man 

 has a distinct advantage over the British, and 

 this is the reason why they have been subjected 



