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

lone wolf

Grossly Underrated
Nov 25, 2006
32,493
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In the bush near Sudbury
That's possible.... My high school (Parisian) French is rusty - and I worked more around Italians. Why not explain if you're planning on impersonating my wife?
 
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Danbones

Hall of Fame Member
Sep 23, 2015
24,505
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Political correctness is the favorite tool of progressives to shut down free speech, and muslims use it too!

If they do, they are only taking advantage of something created by dual passport types from yet another country who shall remain nameless in infamy for being the BIGGEST opponents of free speech on the planet because its illegal in Canada to criticize their 4rain apartheid government
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
63
RR1 Distopia 666 Discordia
“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."

I wonder if this idiot author understands that knowledge is a product of labour? Not really, obviously he thinks knowlege walked onto the pages of mountains of text by itself. If you don't sweat and exert you will remain ignorant. Thinking is labour intense. good luck with you ideas. If we replicated ourselves more often we wouldn't have to welcome skilled immogrants. We should of course grow them, increase manufacturing thusly.

lasting and positive impact for years to come.

That is the bottom. It's a classic empty bucket.


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

Hey, this entire article is lifted from the information highway BS of twenty years ago where we were bombarded by retarded articles just like this. You cannot get away from manufacturing, you cannot get away from labour, you cannot abandon trades

“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

Without a manufacturing base and the smiths, tanners, wheelwrights, electricians, millwrights, plumbers, electricians, skills! you got no demomstratable production capability you got nothing but uselless infromation, service industries are there to service the broader industries, if you don't have these industries you will be servicing sand. Anyway, this rubbish is the global problem. Worst article that I have ever read here.
 

Curious Cdn

Hall of Fame Member
Feb 22, 2015
37,070
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I might be living in Depends by then ... if I still give a sh1t at all. Maybe, I'll end up with Oldtimer's Disease.




Maybe, I'll end up with Oldtimer's Disease.
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
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Vancouver Island
I read the whole article. Bunch of bunk from people that have never left Toronto. There will always be a good market for Canad's natural resources while manufacturing pharmaceuticals will be much like all other manufacturing and go to the lowest bidder in the cheapest third world country while the company operates out of the best tax climate available. There is potential for agriculture if global cooling doesn't destroy too much farmland and they can find workers for $3.00/hr.
Expect countries to bid for head offices to move there.
 

petros

The Central Scrutinizer
Nov 21, 2008
118,591
14,559
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Low Earth Orbit
I read the whole article. Bunch of bunk from people that have never left Toronto. There will always be a good market for Canad's natural resources while manufacturing pharmaceuticals will be much like all other manufacturing and go to the lowest bidder in the cheapest third world country while the company operates out of the best tax climate available. There is potential for agriculture if global cooling doesn't destroy too much farmland and they can find workers for $3.00/hr.
Expect countries to bid for head offices to move there.

Old farts like me adapted to Metric, bridged the gap between analog and digital, lived through very harsh economic times, created the www but failed by coddling our kids.
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
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Old farts like me adapted to Metric, bridged the gap between analog and digital, lived through very harsh economic times, created the www but failed by coddling our kids.
That's exactly 'it' the youth of today has been ruined, the microwave generation

Younge people today don,t know what to think, they will anyway, I have faith in them

Summer is when winter makes you work.
 

personal touch

House Member
Sep 17, 2014
3,023
0
36
alberta/B.C.
Canada has one of the most educated populations in the world. The key to Canadian success is to nurture our own Canadians.
I am not sure if nurturing is the correct word
How about investment,opportunities,mentoring and moving over
Old structure endorsed by old thinkers equals lost opportunities,
To be progressive nurturing has no place in world markets or otherwise,
Catching up takes so much more
 

10larry

Electoral Member
Apr 6, 2010
722
0
16
Niagara Falls
As Walter pointed out citing yogi a renowned euphuism talent making long term predictions is folly. Firstly political crews think short term exclusively and secondly surviving nato unscathed presents a larger challenge than where to place your chips ....on old or new thinkers conundrums.
 

Northboy

Electoral Member
I have been working on bringing the innovative economy to rural communities for several years. In addition my office has established a crowdfunding platform focussed on local investments in non profits, arts and culture and business. This means that local entrepreneurs can raise awareness and capital from their local community.
These are two examples of things that are happening in BC to nurture the innovative economy. I don't see it as replacing the labour based economy because incremental innovation comes off the shop floor and we need to capture it.The writer of this article hasn't done his research. One stat....The innovation sector in the Okanagan has reached $1 Billion.

What would be helpful from these forums is to have open source conversations on the economy.
 

Northboy

Electoral Member
You won't get that here lol

Id like to be optimistic. Rural Canada needs to collect their share of the new economy. As white label platforms are making ecommerce a very low cost entry small business, I think we will find that some interesting projects and products come out of the small towns throughout Canada.

I'm hopeful that you are wrong on whether this forum would participate in an open source conversations.

Any suggestions