In this annual report, we explore the impacts of Canada’s energy transition and a declining and aging provincial population on the economic outlook of Newfoundland and Labrador to 2045.
How will investment shift to take advantage of new opportunities in the green transition? How will demographic changes and industrial trends affect government finances and services? We share our outlook for the province’s economy, including new patterns in housing starts, consumer spending, and exports.
Read the issue briefing to get our full analysis.
Key findings
Overview
Demographics
Potential output
Investment
Housing
Consumption
Government
Trade
Industry
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