Demographics Rule the Day: Canada’s Economic Outlook to 2045

Demographics Rule the Day: Canada’s Economic Outlook to 2045

Canadian Canadian Economics
Pages:22 pages25 min read

Author: The Conference Board of Canada


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

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This year, we explore the impact of Canada’s population aging on labour markets, potential output, consumption, investment spending, and government finances through to 2045.

Will lingering effects from the pandemic shape housing markets and commercial real estate over the long term? To what extent will steady gains in immigration and technological innovation offset sluggish increases in the labour force? We share our outlook for Canada’s economy over the next two decades, including GDP growth and international trade.

Read the impact paper to get our full analysis.

Key Findings
Global Backdrop
Demographics and Labour Markets
Potential Output
Aggregate Demand
International Trade
Monetary Policy
Fiscal Policy

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