Canada’s economy in 2041: How we’ll work, live and spend

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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“Everything that’s happening, from the rise of Trump to Brexit, is because you have this knowledge-based society that’s doing wonderful things, then a labour-based society that’s falling behind.”

“We must nurture the ability to welcome skilled immigrants."

“Industry must embrace new Canadians in order to be successful and make a lasting and positive impact for years to come."



Canada’s economy in 2041: How we’ll work, live and spend

A few trends that might signal a direction for the future are a tax on carbon and investment in renewable energies. Or the billions of dollars being poured into health care to help address the needs of an aging population. Those investments are being made as governments face headwinds of slow growth and increased foreign competition due to quickening globalization.

Even so, experts are optimistic about the potential for Canadian businesses to tap new opportunities at home and abroad. To predict how that could unfold, we asked five prominent business voices to predict how Canada’s economy might function in 2041.

For Som Seif, president and CEO of Toronto’s Purpose Investments Inc., the next 25 years will see a major shift in portfolio priorities.

He predicts that individual and institutional investors such as pension funds will invest in knowledge-based technology or service firms, likely over traditional blue-chip natural resource and manufacturing companies.

That will result in a continued flow of investment away from traditionally labour intensive, blue collar industries – a move that could ignite socio-economic tensions.

“To stay relevant as a labour force, we need a smarter and more knowledgeable group of individuals,” he says. “This is a massive issue because politically, a lot of our industries are very labour intensive and many voters are labourers.

“Everything that’s happening, from the rise of Trump to Brexit, is because you have this knowledge-based society that’s doing wonderful things, then a labour-based society that’s falling behind.”

High-tech sectors such as pharmaceuticals and biotechnology will provide immense opportunities for Canadian investors as Western countries struggle to meet the needs of their aging populations.

Indeed, in a recent Conference Board report, Mr. Hodgson predicted that in the coming decades most Canadians with postsecondary education will work in high-value service industries such as telecommunications, health care, professional and financial services, scientific research and IT.

In Ms. Stephens’ view, growth for small and medium-sized businesses over the next quarter-century will be propelled by economic diversification away from traditional industries such as manufacturing.

“We must nurture the ability to welcome skilled immigrants,” she says. “Industry must embrace new Canadians in order to be successful and make a lasting and positive impact for years to come."

Canada’s economy in 2041: How we’ll work, live and spend - The Globe and Mail
 

Danbones

Hall of Fame Member
Sep 23, 2015
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We need to make the Canadians we already have successful
then let in a few ships to rise on the rising tide

This leftist globalist economic green plan where migration has been weaponified in order to dilute any oppositional power blocks that might want to prevent the rape of the whole planet, and everything on it, has no green in it, or people would point to the success of it, which they don't, because they can't, because this idea has never worked, EVER, because it was never meant to work...
It's meant to be like bill clinton's lip biting rape technique.

It is just the short road to world domination by a bunch of in-bread sick mummified pedophile creeps
who think the universe owes them a living at the expense of everything else, and who HATE the democratic process and the middle class...and freedom
competition is a sin


and BTW
when we had a labour based society we were not on the edge of extinction like we are now
thanks to what the left calls knowledge which they don't understand is NOT WISDOM, or we wouldn't have this life ending potential on the immediate horizon
 
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Danbones

Hall of Fame Member
Sep 23, 2015
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Sure MF, we can have a world economy
democratically, from the middle class on out...
but, if you want suicide nets at break time
then go left, like China...who now has no markets with money, and is in DEEP doodoo.

If you want everyone working in private jails, and a drug and war economy that pushes people into those suicide nets instead of driving them to it:
vote right
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,778
454
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I don't know what that means.

Could you explain it without bias please?
 

Danbones

Hall of Fame Member
Sep 23, 2015
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it isn't muslims that screwed free speech LAW in Canada
in fact it was quite the opposite
 

petros

The Central Scrutinizer
Nov 21, 2008
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Low Earth Orbit
Any idea how many Old Stock Canadians immigrated to Canada to escape Sharia (Kanun) Law?

We're there measures in place to keep it out?