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: 2008
Canadian Outlook Long-Term Economic Forecast: 2008
Canadian Economic Analysis
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- This long-term outlook extends to the year 2030, at which time most of the baby boomers will have exited the labour market.
- A consistent slowing in labour force growth means that Canada’s economic growth will ease steadily over the forecast period.
- Strong immigration will keep total population growth relatively stable at close to 1 per cent per year throughout the forecast period.
- Rapidly developing economies with their thirst for raw materials will help keep energy and other commodity prices elevated.
- The United States will remain our most important export market.
- Stable inflation and strong commodity prices will keep the Canadian dollar strong.
- Aging boomers will demand more health care, putting pressure on provincial coffers.
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