The Steep Rock Development in the Canadian Economy

Recognition of the Growing Importance of Iron and Steel Few Canadians have yet become aware that Canada's vast iron ore resources, the greater part of which is only now beginning to be developed, will inevitably have a profound effect on the entire Canadian economy, benefitting in some measure the lives of all Canadians. The great iron mining developments of Ontario, Newfoundland, Quebec, and Labrador are destined to make Canada one of the world's major producers and exporters of this material, on which our industrial civilization is?based. These developments will create new employment, new communities, new transportation facilities, and new investment opportunities. Iron ore is the foundation and the keystone of modern mechanized civilization. The most prosperous nations of the world are the highest per capita consumers of iron and steel, and in these countries the per capita consumption is increasing steadily despite the advent of light metals, plastics, and other competitive materials. Three-quarters of the human race have too little steel -and consequently too little mechanization -to provide for themselves the necessities and comforts of civilized living. Progressively they will demand, and acquire, the machines, the transportation and communication facilities now lacking, and they will win them by making greater use of the world's iron resources. It is the good fortune of this generation that Canada's 'iron age' is just getting well under way.