Suchergebnisse

The principal differentia of the Canadian economy are familiar. Because of the nature of her resources and her situation, Canada depends chiefly upon the production in quantity of a few staple commodities for export to those regions having less specialized resources and more diversified economies. Canada is thus subjected, willy-nilly, to a violent alternation of boom and depression by the fluctuation of demand in her foreign markets. Geography, moreover, has afflicted Canada with a transportation problem, which has two phases: in time of boom, the problem is how to obtain quickly more and cheaper transportation; in time of depression, how to pay out of her shrunken national income the heavy fixed costs incurred by the construction of transportation facilities.