VOLUME AND VALUE OF WOOD 

 CUT FROM AGREEMENT FORESTS, 



1970- 



Volume 



Value 



VOLUME AND VALUE OF WOOD 

 CUT FROM CROWN LAND, 1970-1 



Species 



Sohwoods 



White Pine 



Red Pine 



Jack Pine 



Scots Pine 



Pine — all 



White Spruce . . . 

 Black Spruce . . 



All Spruce 



Hemlock 



Balsam 



Cedar 



Tamarack 



Conifers 



Total 



Hardwoods 



Maple 



Yellow Birch . . 

 White Birch . . . 



Oak 



Beech 



Ash 



Elm 



Bassvvood .... 



Butternut 



Black Cherry . . 



Poplar 



Hardwood .... 



Total 



Total Wood Cut 



Volume 

 Cu. Ft. 



1 1 ,672 



3,766, 



115,283 



14, 



13, 



1,949 



14,290 



187,646 



1,519 



11,464 



147 



11 



243 



861.65 

 555.39 

 569.80 

 020.75 

 961.71 

 313.67 

 202.94 

 325.60 

 211.56 

 498.30 

 568.15 

 ,249.93 

 ,150.28 



4,806 



4,058, 



1,669 



241 



217 



32 



133 



261 



18 

 21,338 

 14,983 



908.49 

 534.72 

 050.70 

 918.21 

 653.27 

 ,749.50 

 ,180.77 

 ,702.11 

 172.71 

 ,975.04 

 ,148.40 

 ,384.15 



Stumpage 

 Value 



800,163.70 



242,439.39 



2,982,329.66 



247.42 



566.32 



67,641.18 



495,870.05 



.6,763,417.34 



40,457.90 



239,737.12 



5,764.59 



279.08 



5,861.75 



348,022,489.73 $11,644,775.50 



283,889.52 



413,491.23 



37,031.45 



15,244.17 



7,252.24 



1,806.18 



7,392.08 



20,398.21 



9.24 



872.41 



215,280.95 



181,913.01 



47,762,378.07 

 395,784,867.80 



$ 1,184,580.69 

 $12,829,356.19 



FOREST ECONOMICS UNIT 



Four major factors limited Canada's economic potential 

 during the past year. The first was the economic recession 

 in the United States which adversely affected Canada's 

 growth and labour force performance during 1970. Canada's 

 increase of real output was only 3.3 per cent in 1970 com- 

 pared to a 4.9 per cent average annual rate for 1960-1970. 



The second factor was the appreciation of the Canadian 

 dollar, which was floated on the world's money market as of 

 May 31, 1970, and again had limiting consequences for 

 economic growth, employment, and the profit position of 

 export-oriented industries, such as the Canadian pulp and 

 paper industry. Unemployment was at its highest level since 

 the early 19605, and corporate profits were at their lowest 

 since the Second World War. 



The third major factor was the spiralling and widespread 

 inflation which had engulfed so many of the world's indus- 

 trialized nations during the past several years and that had 

 hindered Canada's ability to bring its own inflation problem 

 under control. Stringent anti-inflationary measures, resulting 

 in tight-money conditions, did undermine the nation's eco- 

 nomic activity, but a decrease in the rise of consumer goods 

 prices was achieved. 



The last factor to be mentioned is the continued deteriora- 

 tion of the stability of the international financial system. In 

 the event of failure to resolve basic foreign exchange diffi- 

 culties, this erosion would have strong implications for the 

 future viability of international trade and balance of pay- 

 ments arrangements. All of these factors are international in 

 scope, and only the repegging of the Canadian dollar, rela- 

 tive to the United States dollar, could be controlled within 

 Canada's political sphere. 



The Ontario forest products industry is an important inte- 

 grated segment of the Canadian economy to the extent that 

 it grows or declines in line with the national economy. Just 

 as the economy of Canada experienced severe pressures 

 during the 1970-1 fiscal year, so, too, did the provincial 

 forest products industry. The international economic con- 

 ditions described above had serious consequences upon 

 the performance of the domestic forest products industry 

 as indicated by several of their selling price indexes. 



Veneer and plywood prices remained fairly steady 

 throughout the fiscal year, and by the first quarter of 1971 

 they showed some signs of reco\'ering the ground lost dur- 

 ing their dramatic price decline experienced in the latter half 

 of 1969. 



115 



