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The Outlook for Canadian Growth in the Early 1960’s
Holton, Richard H., and David C. Smith
2/4  (Summer 1960): 24-35

The article presents an outlook for Canadian growth in the early 1960s. Between 1947 and 1959, the Canadian Gross National Product rose almost exactly half again as fast as did that of the U.S. During this period, Americans became far more conscious of their glamorous neighbor to the north. They looked to her as an increasingly important source of raw materials, as a strategic defense partner and as an exciting and remunerative place for direct investment. The Canadians have not been altogether pleased with this new attention from the U. S. There is little doubt that the U. S. will continue its intense interest in the Canadian economy and the Canadian people. The postwar boom in Canada, when viewed in historical perspective, shares many of the features which marked earlier periods of accelerated growth in Canada. The Canadian prosperity of recent years has had its foundation in a strong export market for certain basic Canadian commodities, primarily minerals. Earlier years saw the wheat boom of 1900 to 1913 and then, later, there is a rapid increase in the export of newsprint and wood pulp.

 

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