This annual economic forecast presents the long-term national outlook. The U.S. economic outlook is presented in a separate section.
Canadian Outlook Long-Term Economic Forecast: 2006
Canadian Outlook Long-Term Economic Forecast: 2006
Canadian Economic Analysis
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- Canada’s economic growth will ease steadily over the forecast period, averaging annual compound growth of just 2.1 per cent between 2021 and 2026.
- The aging of Canada’s massive baby-boom will be the underlying demographic force affecting labour supply and demand for goods and services.
- Rapidly developing economies, and their thirst for raw materials, will help keep energy and other commodity prices elevated.
- While opportunities from developing countries abound, the U.S. will continue to be our most important export market.
- Stable inflation and only modest interest rate increases will serve to maintain the loonie near its current equilibrium level.
- A more skilled and educated workforce and more intensive machinery and equipment investment will help lift growth in labour productivity.
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