Crossing The 100 Billion Dollar Mark
The Empire Club of Canada Addresses (Toronto, Canada), 20 Jan 1972, p. 174-190
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Crossing The 100 Billion Dollar Mark

A complete review of Canada's current economic condition. An optimistic forecast for 1972. Canada's gross national product for the first time to cross the 100 billion dollar mark. A review of highlights of business trends over the past few years; also reasons for continuing problems of unemployment, underutilized facilities, fixed capital investment. An outline of a loss of confidence due to uncertainties and concerns. Factors that prevented recession in 1970. Effects of business recovery in the United States. Imports and exports. Business trends. Prospects for 1972 in Canada, the U.S., and elsewhere, with resultant effects. Parameters and questions for decision-making and policies. Focus on price increases and the balance of payments. A prediction for a move to a more favourable performance in the Canadian economy.