A Need to Shift Gears: Canada’s Economic Outlook to 2045

A Need to Shift Gears: Canada’s Economic Outlook to 2045

Pages:19 pages20 min read

Author: The Conference Board of Canada


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This semi-annual economic forecast presents Canada’s long-term economic outlook.

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In this semi-annual report, we assess the prospects for Canada’s overall output, labour markets, consumer spending, investment, and government finances through to 2045.

To what extent is the recent surge in population, largely thanks to immigration, helping to offset the effects of the baby boomers leaving the labour force? How long will it take for new housing market policies to boost home construction and improve affordability? How will investments to drive the green energy transition affect the country’s overall economic performance? We share our outlook for Canada’s economy over the next two decades, including GDP growth, demographics, and international trade.

Read the impact paper to get our full analysis.

Key findings
Demographics and labour markets
Potential output
Monetary policy
Fiscal policy
Aggregate demand
Investment spending
International trade
U.S. outlook

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