File:Agricultural and industrial progress in Canada (1921) (17322682304).jpg

Title: Agricultural and industrial progress in Canada
Identifier: agriculturalindu0304cana (find matches)
Year: 1919 (1910s)
Authors: Canadian Pacific Railway Company. Dept. of Immigration and Colonization
Subjects: Agriculture; Agriculture
Publisher: Montreal, Dept. of Immigration and Colonization of the Canadian Pacific Railway
Contributing Library: University of British Columbia Library
Digitizing Sponsor: University of British Columbia Library

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INVESTORS' INDEX OF CANADIAN CONDITIONS
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Conditions in Principal Cities as indicated by Bank Clearings (dotted lines) and Building Construction (black lines) CONFIDENCE in Canadian municipal or school securities grows daily stronger among foreign investors as the business activity of towns and cities recovers. The vital imporcance of safeguarding their credit reputation and of holding and strengthening the confidence of the investor in the integrity of the Canadian borrower, is nowhere better understood and respected than among the Canadian municipali- ties small and large. Any disposition on the part of isolated communities to postpone the meeting of their obligations, however .rashly entered into in pre-war years is rapidly dissipated under the wholesome pressure of general pubhc opinion. The controlling element in the making of Canadian pubUc opinion is either Anglo-Saxon or French-Canadian, persons of other origin and less substantial traditional a ve little or no voice in leadership. Perhaps for this reason "Red Radicalism" and other forms of agitation imf>erilling order and security have made pro- bably less headway in Canada than elsewhere. To Canada the need for capital and the friendly regard of foreign bankers appears second only to the need for increased population. There is consequently no safer country in the world in which men and women may invest, THE above charts of city conditions indicate steadiness. There is no unwholesome "boom" tendency on the one hand, nor decline on the other. Bank Clearings are still below last year's average for the whole country, but are rising in most cities. The volume of business represented by these clearings is probably higher than last year, but appears otherwise owing to continued price deflation. Building Activity (the solid line) shows sturdy local confidence.

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