Conference Board of Canada
| War and COVID-19 Could Affect Long-Term Outlook: Canada’s Outlook to 2024The Conference Board of Canada June 21, 2022 Issue briefing |
Link to article: https://www.conferenceboard.ca/e-library/abstract.aspx?did=11704&utm_source=ec&utm_medium=email&utm_campaign=ISS22BUNJUNE30&mkt_tok=MDk0LUVHRi02MzkAAAGFaSP-rZtAotYULAPwm9TZATaoiMoZnt-DMpB8fDTkRd1zmomqj8EajZgk_DnH4cJBLeZTUut3-qWGsu9unnC854avKwDF6m23dtqNDCLvh1Bz
| This report presents a mid-year update of our long-term national economic outlook. Document Highlights Our long-term outlook hasn’t changed significantly since the autumn update. However, we acknowledge that, while difficult to quantify, the effects from COVID-19 and the war in Ukraine could affect Canada’s economy through 2045. The long-term outlook envisions modest economic growth, with immigration and better productivity gains helping to counter the impact of the last wave of retiring baby boomers on labour force growth. Inflation has surged due to a combination of the war, pandemic, and stimulus measures. But we expect inflation to decline to about 2 per cent over the long term—although upside risks remain. Fiscal deficits will persist over the long term, as the federal government will find it challenging to contain spending due to rising healthcare spending and demands from the provinces and cities for funding. World oil prices will be slightly higher through 2045 than we forecast in the autumn update, mainly because of lingering effects from the war in Ukraine. The pandemic has added to the trend toward deglobalization—a trend that could persist over the long term to the detriment of Canada’s consumers and exporters. Table of Contents Key Findings Overview Methodology |
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Business Mentor & CEO at Grow Vantage & Ask For Directions Training
Business Mentor at Ask For Directions Training and Grow Vantage
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
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