Future Growth Faces Demographic Headwinds
This quarter, we look at how tariffs, trade disruptions, and demographics will weigh on Newfoundland and Labrador’s medium-term outlook to 2030.
The job market is expected to weaken further this year. Reduced immigration targets and an aging population may factor in labour force growth, consumer spending and housing construction. But will investments in mining and oil and gas propel the economy through the current malaise? Will the end of tariffs spur exports? And what can we expect from the province’s recent agreement with Hydro-Québec and other green-energy projects?
Read the outlook to get our full report.
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