Canadian economy in general flourished during the period in question and even later on because it realized and responded positively to external opportunities and pressures; on the domestic front it improved inland transportation, allowed immigration developed an atmosphere for enterprise and imported technology from Europe leading to a steady growth of an economic infrastructure.
One may argue that compared to Europe, the Canadian economic structure had peculiar characteristics comparable only with Australia. Canada has a small population living in an area which is endowed by the nature with plenty of raw material in high demand in Europe. Since there was no government emphasis on and efforts to developing the manufacturing sector, the Canadian entrepreneurs could focus on staples export to Europe and America.
After the Confederation was announced in 1970, Canada found itself in the throes of breaking away from British political influence yet having to depend on it for the sale of its staples and impor ...Show more