Royal Commission on Canada's Economic Prospects
Encyclopedia
The Royal Commission on Canada's Economic Prospects was initiated by the Louis St. Laurent
government in order to develop recommendations regarding the Canadian economy. Chaired by Walter L. Gordon
, its 1956 and 1957 reports were representative of a period of growing concern for Canadian nationalism
and questioned the government's policy of allowing control of Canada's natural resources and other business enterprises to be sold to foreign interests. When Gordon became Minister of Finance
a decade later, he commissioned Mel Watkins
to conduct a further investigation into foreign ownership of the Canadian economy - resulting in the "Watkins Report".
The Canada Development Corporation
was created in 1971 as a result of both the Royal Commission's and the Watkins Report's recommendations.
Louis St. Laurent
Louis Stephen St. Laurent, PC, CC, QC , was the 12th Prime Minister of Canada from 15 November 1948, to 21 June 1957....
government in order to develop recommendations regarding the Canadian economy. Chaired by Walter L. Gordon
Walter L. Gordon
Walter Lockhart Gordon, PC, CC, FCA was a Canadian accountant, businessman, politician, and writer.-Education:...
, its 1956 and 1957 reports were representative of a period of growing concern for Canadian nationalism
Nationalism
Nationalism is a political ideology that involves a strong identification of a group of individuals with a political entity defined in national terms, i.e. a nation. In the 'modernist' image of the nation, it is nationalism that creates national identity. There are various definitions for what...
and questioned the government's policy of allowing control of Canada's natural resources and other business enterprises to be sold to foreign interests. When Gordon became Minister of Finance
Minister of Finance (Canada)
The Minister of Finance is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government's budget...
a decade later, he commissioned Mel Watkins
Mel Watkins
Mel Watkins is a Canadian political economist and activist. He is professor emeritus of economics and political science at the University of Toronto...
to conduct a further investigation into foreign ownership of the Canadian economy - resulting in the "Watkins Report".
The Canada Development Corporation
Canada Development Corporation
The Canada Development Corporation was a Canadian corporation created and partly owned by the federal government and charged with developing and maintaining Canadian-controlled companies in the private sector through a mixture of public and private investment...
was created in 1971 as a result of both the Royal Commission's and the Watkins Report's recommendations.
External links
- Canada's Economic Prospects, Royal Commission on, The Canadian Encyclopedia