A Greying Population Colours Canada’s Economy: Canada’s Aggregate Demand Outlook to 2045

This year, we examine the impact of demographic shifts, debt and interest rates, and labour shortages on Canada’s long-term aggregate demand outlook.

How will the aging of the Canadian population affect household formations, spending patterns, and income tax revenue? Will the loonie be competitive enough to bring Canada’s non-merchandise trade balance out of a deficit and into a surplus by 2045? We share our aggregate demand outlook, including consumption, housing, business investment, government spending, and international trade.

Read the impact paper to get our full analysis.