Canadian Outlook Long-Term Economic Forecast: 2009
This annual economic forecast provides highlights of the Canadian Outlook Long-Term report which presents the long-term national outlook.
- 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.