Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
GDP per capita, now: $39,400 GDP per capita, 2050: $79,500
Who knows how this projection will bear out for Canada over the next five years, let alone by 2050? Certainly, there is great immediate potential in Canada's economy, especially if the proposed Keystone pipeline extension is approved, and Alberta's oilsands turn us into the western world's energy superpower. Regardless of our prospects, Goldman's projections look favourably on Canada as it stands today, forecasting a GDP per capita that will more than double by 2050. Only one nation measured by Goldman will boast a higher GDP per capita in 2050 than Canada. http://money.ca.msn.com/savings-debt...-2050#image=10
well being the western world's energy superpower I hope is more good than bad but good that atleast Canada and the US are safe mean I can see the EU nations asking for bailouts and Canada has a very close but small amount of countries that we are close with I mean The US The UK, France and Australia we fight World wars and have active part in NATO together and look out for each other and have a long history of doing so.
I can't see bailing out nations in the EU that are NATO members and left the US, Canada, the UK and France to acually be the major countries that sent military assets and stayed the whole mission.
A Yankee's tribute to Canadian soldiers - YouTube
I mean there is two wars were either you were fighting on the front doing with us doing joint airstikes or right on the front lines in the unstable Khandahar and Kabul area taking on the Taliban Canada had no oil to gain but rather it was being loyal to our allies and friends that we go to fight beside..I think that should be our way of figuring who we choose to bailout or have a friends first policy.
I guess one thing is clear if we become an energy super power that we are very loyal to our friends and allies and being on the wrong side of them or not showing up when we needed you effects how we alot look at other nations
Canada has higher taxes, safety net, and universal health care. This will cause everyone to become lazy welfare bums eating bon bons watching a Canadian Jerry Springer listening to Gordon Lightfoot while waiting for their foodstamp card to recharge so they can go gambling in Windsor by selling the foodstamp credits. They will have a GDP of $5 within 10 years.
er sorry. the above is just a congomeration of the posts I see on this board.
Edit: To our Canadian friends. Kind of nice to have a long undefended border and think one of our biggest fighting points is who gets to fish where.
GDP per capita, now: $39,400 GDP per capita, 2050: $79,500
Who knows how this projection will bear out for Canada over the next five years, let alone by 2050? Certainly, there is great immediate potential in Canada's economy, especially if the proposed Keystone pipeline extension is approved, and Alberta's oilsands turn us into the western world's energy superpower. Regardless of our prospects, Goldman's projections look favourably on Canada as it stands today, forecasting a GDP per capita that will more than double by 2050. Only one nation measured by Goldman will boast a higher GDP per capita in 2050 than Canada. Which countries will be wealthiest 40 years from now? - The richest countries by 2050 - Savings & Debt: Gallery - Money - MSN CA
Please post past projections so we can determine if the current projection is worth being taken seriously.
Please post past projections so we can determine if the current projection is worth being taken seriously.
Goldman Sachs did the review just go to the Canada Govronment site and it give you both projected growth and the actual growth we had and breaks it down by province also.
Our Update of Economic and Fiscal Projections – 2011: Highlights and all the projections are broken down are on the link above
Canada weathered the global recession better than most other industrialized countries and is the only Group of Seven (G-7) country to have more than recovered both all of the output and all of the jobs lost during the recession.
But, the global economy has slowed recently, and uncertainty surrounding the short-term outlook has risen considerably. Canada is not immune to these international developments.
As a result, private sector economists have revised down their outlook for Canadian economic growth since the 2011 budget, particularly for 2011 and 2012. Real gross domestic product (GDP) is now expected to grow by 2.2 per cent in 2011 and 2.1 per cent in 2012.
The deterioration of the global economic situation has also begun to be felt in Canadian employment, which remains almost unchanged since July 2011. However, almost 600,000 more Canadians are working today than when the recession ended, and the unemployment rate has declined to 7.3 per cent, down significantly from a peak of 8.7 per cent during the recession.
There is considerable uncertainty surrounding the economic outlook, and the key near-term risk is the sovereign debt and banking crisis in Europe.
In light of this uncertain global economic backdrop, the Government has increased the adjustment for risk in the near term, which is applied for planning purposes to the average private sector forecast for nominal GDP.
The Government will continue to implement the Next Phase of Canada’s Economic Action Plan to support jobs and growth.
Building on the Next Phase of Canada’s Economic Action Plan, the Government announces in this Update that it will reduce the maximum potential increase in Employment Insurance (EI) premium rates in 2012 from 10 cents to 5 cents and temporarily extend the enhancement to the Work-Sharing Program.
The Government will continue to monitor closely the global and Canadian economic situation. If the economy weakens significantly, the Government is prepared to respond, as necessary, in a flexible and measured manner to support Canadian jobs and growth.
At the same time, the Government is following through on its deficit reduction action plan in order to achieve at least $4 billion in ongoing annual savings by 2014–15. These savings will support the Government’s commitment to return to budgetary balance over the medium term.
The fiscal projections outlined in this Update show that the Government remains on track to eliminate the federal deficit over the medium term.
Going forward, the Government will maintain its focus on the Next Phase of Canada’s Economic Action Plan to improve the well-being of Canadians over the long term by securing the recovery, eliminating the deficit, and investing in the drivers of long-term economic growth.
Is the $79,500 in today's money, or estimated 2050's money?
I will be in my Mid-70's and alot can happen between 2012 and 2050 could fit 2 world wars in there and we better have made a manned mission to mars or I will be a groughy person in their Mid-70's
Goldman Sachs did the review just go to the Canada Govronment site and it give you both projected growth and the actual growth we had and breaks it down by province also.
Our Update of Economic and Fiscal Projections – 2011: Highlights and all the projections are broken down are on the link above
Canada weathered the global recession better than most other industrialized countries and is the only Group of Seven (G-7) country to have more than recovered both all of the output and all of the jobs lost during the recession.
But, the global economy has slowed recently, and uncertainty surrounding the short-term outlook has risen considerably. Canada is not immune to these international developments.
As a result, private sector economists have revised down their outlook for Canadian economic growth since the 2011 budget, particularly for 2011 and 2012. Real gross domestic product (GDP) is now expected to grow by 2.2 per cent in 2011 and 2.1 per cent in 2012.
The deterioration of the global economic situation has also begun to be felt in Canadian employment, which remains almost unchanged since July 2011. However, almost 600,000 more Canadians are working today than when the recession ended, and the unemployment rate has declined to 7.3 per cent, down significantly from a peak of 8.7 per cent during the recession.
There is considerable uncertainty surrounding the economic outlook, and the key near-term risk is the sovereign debt and banking crisis in Europe.
In light of this uncertain global economic backdrop, the Government has increased the adjustment for risk in the near term, which is applied for planning purposes to the average private sector forecast for nominal GDP.
The Government will continue to implement the Next Phase of Canada’s Economic Action Plan to support jobs and growth.
Building on the Next Phase of Canada’s Economic Action Plan, the Government announces in this Update that it will reduce the maximum potential increase in Employment Insurance (EI) premium rates in 2012 from 10 cents to 5 cents and temporarily extend the enhancement to the Work-Sharing Program.
The Government will continue to monitor closely the global and Canadian economic situation. If the economy weakens significantly, the Government is prepared to respond, as necessary, in a flexible and measured manner to support Canadian jobs and growth.
At the same time, the Government is following through on its deficit reduction action plan in order to achieve at least $4 billion in ongoing annual savings by 2014–15. These savings will support the Government’s commitment to return to budgetary balance over the medium term.
The fiscal projections outlined in this Update show that the Government remains on track to eliminate the federal deficit over the medium term.
Going forward, the Government will maintain its focus on the Next Phase of Canada’s Economic Action Plan to improve the well-being of Canadians over the long term by securing the recovery, eliminating the deficit, and investing in the drivers of long-term economic growth.
Very nice presentation which ONLY covers their current projection but, like I asked, what is their record of PAST projections? You know anything they projected from 2010 back at least 10 years.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
