HIS263Y5 Chapter Notes - Chapter 3, 4: Consumer Organization, Utopia, Portfolio Investment
Document Summary
Canada relied heavily on foreign investment: more than any other nation throughout history. Foreign investment: canada used much of its imported capital to finance large development projects, such as railways, and hydroelectric generation. Indirect (portfolio) came from great britain (investing financial assets) Direct investment from united states: this was a way for the american to gain access to canadian raw materials and the canadian market. Much us investment went to the resource sector: either to take advantage of profit in developing areas (mining, or to control supplies/ prices of raw materials needed for. American industries (pulp/ paper supply: american investment meant prosperity. Central canada: ontario was a center not only for iron & steel but also secondary manufacturing of iron and steel (machine tool industry, quebec manufacturing relied far less on heavy industry and vast capitalization then. Ontario and far more on industry that depended on skilled labor and fussy mechanization such as clothing, work products, textiles and food processing.
