This annual economic forecast presents the long-term national outlook. The U.S. economic outlook is presented in a separate section.
Canadian Outlook Long-Term Economic Forecast: 2007
Canadian Outlook Long-Term Economic Forecast: 2007
Canadian Economic Analysis
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- 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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