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

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.