Canadian Outlook Long-Term Economic Forecast: 2009

The Conference Board of Canada, 15 pages, June 8, 2009
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This annual economic forecast provides highlights of the Canadian Outlook Long-Term report which presents the long-term national outlook.

Document Highlights

  • 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 not reverse Canada’s aging trend, but it will help keep total population growth relatively stable at around 1 per cent per year.
  • A rebound in growth in emerging markets—such as China, Brazil, India, and Russia—will keep commodity prices elevated over the long term.
  • While opportunities in developing countries abound, the United States will remain our most important export market.
  • Stable inflation and strong commodity prices will keep the Canadian dollar strong—above US$0.92 throughout the forecast horizon.

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