Canadian Outlook Long-Term Economic Forecast: 2007

The Conference Board of Canada, 105 pages, March 16, 2007
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This annual economic forecast presents the long-term national outlook. The U.S. economic outlook is presented in a separate section.

Document Highlights

  • This long-term outlook has been extended to the year 2030, by which time almost all the babyboomers will have left the labour market.
  • A consistent slowing in labour force growth means that Canada’s economic growth will ease.
  • Tight labour markets provide support for the forecast’s strong immigration assumptions.
  • Rapidly developing economies with 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 Canadian dollar near its current equilibrium level.
  • Rising demand for health care will squeeze provincial coffers.

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