Recent research has found that population aging could cause Canada’s per capita GDP to drop by $4,300 - $11,200 (in 2021 dollars) over the next 20 years. With a significant share of the labour force set to retire and a quarter of the population projected to be comprised of seniors by 2036, trends like these threaten our economy and jeopardize our ability to deliver programs high-quality health care, education, and income security. Thanks to recent changes in federal immigration policy, Canada reversed course and achieved record-high population growth in 2022. With the right policy action and integration efforts, this increased immigration can contribute to growth in GDP per capita. However, Canada’s long-term success depends on the ability to both grow the population and ensure that Canada “grows well” through infrastructure development, climate protection, and social and economic programs. This is an ambitious but vital national challenge, one that — if successfully met — can make Canada a more vibrant society and economy and an example to the world. Learn more: https://www.centuryinitiative.ca/scorecard/growing-to-100-million #GrowingWell #BigBoldCanada

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Recent research has found that population aging could cause Canada’s per capita GDP to drop by $4,300 - $11,200 (in 2021 dollars) over the next 20 years. With a significant share of the labour force set to retire and a quarter of the population projected to be comprised of seniors by 2036, trends like these threaten our economy and jeopardize our ability to deliver programs high-quality health care, education, and income security. Thanks to recent changes in federal immigration policy, Canada reversed course and achieved record-high population growth in 2022. With the right policy action and integration efforts, this increased immigration can contribute to growth in GDP per capita. However, Canada’s long-term success depends on the ability to both grow the population and ensure that Canada “grows well” through infrastructure development, climate protection, and social and economic programs. This is an ambitious but vital national challenge, one that — if successfully met — can make Canada a more vibrant society and economy and an example to the world. Learn more: https://www.centuryinitiative.ca/scorecard/growing-to-100-million #GrowingWell #BigBoldCanada

According to the Canadian Council for Aboriginal Business, Indigenous Peoples are creating new business at 9 times the Canadian average! The growth and development of the Indigenous-owned and controlled business sector and economy is a key driver of the economic future of Canada and is essential to fostering reconciliation with Indigenous peoples. Learn more at: https://www.centuryinitiative.ca/scorecard/economy-innovation-entrepreneurship?detailsId=strength-of-indigenous-economy #BigBoldCanada

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According to the Canadian Council for Aboriginal Business, Indigenous Peoples are creating new business at 9 times the Canadian average! The growth and development of the Indigenous-owned and controlled business sector and economy is a key driver of the economic future of Canada and is essential to fostering reconciliation with Indigenous peoples. Learn more at: https://www.centuryinitiative.ca/scorecard/economy-innovation-entrepreneurship?detailsId=strength-of-indigenous-economy #BigBoldCanada

A growing Canada must fully support and harness the talents and energy of its young people to build shared prosperity. Youth who are not in employment, education or training (NEET) are at risk of being excluded from full participation in Canada’s society and economy, and of experiencing negative long-term economic and social outcomes. Canada ranked 15th out of 33 OECD countries on youth NEET rate in 2021. Our young people are our future. I’m joining @Century Initiative in the call to provide Canada’s youth with the support and resources they need to thrive – now and in the long-term. #GrowingWell #BigBoldCanada

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A growing Canada must fully support and harness the talents and energy of its young people to build shared prosperity. Youth who are not in employment, education or training (NEET) are at risk of being excluded from full participation in Canada’s society and economy, and of experiencing negative long-term economic and social outcomes. Canada ranked 15th out of 33 OECD countries on youth NEET rate in 2021. Our young people are our future. I’m joining @Century Initiative in the call to provide Canada’s youth with the support and resources they need to thrive – now and in the long-term. #GrowingWell #BigBoldCanada

Despite some improvement in the wake of COVID 19, Canada’s GDP per capita has been trending downwards and is projected to remain below peer countries in the years ahead. The OECD predicts that Canada’s annual GDP per capita will grow at a rate of 0.7% between 2020 and 2030, while the OECD average projected growth rate over the same period is 1.3%. If Canada’s GDP per capita needs attention, its productivity levels are already falling behind. While we ranked 15th out of 38 OECD countries on GDP per capita in 2021, we were 18th in GDP per hour worked – a measure of how efficiently labour and capital stock are being used in the economy. International research indicates that immigration can lead to increases in GDP per capita in advanced economies, and that growth in immigration can have significant potential to boost productivity, as it helps expand the talent pool and brings in new ideas and innovation. With the right policy choices and effective integration of newcomers into the labour market, immigration can be used as a tool to increase Canada’s productivity and overall prosperity, helping us to grow well into the long-term Learn more at: https://www.centuryinitiative.ca/scorecard/economy-innovation-entrepreneurship #GrowingWell #BigBoldCanada

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Despite some improvement in the wake of COVID 19, Canada’s GDP per capita has been trending downwards and is projected to remain below peer countries in the years ahead. The OECD predicts that Canada’s annual GDP per capita will grow at a rate of 0.7% between 2020 and 2030, while the OECD average projected growth rate over the same period is 1.3%. If Canada’s GDP per capita needs attention, its productivity levels are already falling behind. While we ranked 15th out of 38 OECD countries on GDP per capita in 2021, we were 18th in GDP per hour worked – a measure of how efficiently labour and capital stock are being used in the economy. International research indicates that immigration can lead to increases in GDP per capita in advanced economies, and that growth in immigration can have significant potential to boost productivity, as it helps expand the talent pool and brings in new ideas and innovation. With the right policy choices and effective integration of newcomers into the labour market, immigration can be used as a tool to increase Canada’s productivity and overall prosperity, helping us to grow well into the long-term Learn more at: https://www.centuryinitiative.ca/scorecard/economy-innovation-entrepreneurship #GrowingWell #BigBoldCanada

Access to affordable housing that is suitable and adequate is needed to support the health and well-being of a growing Canadian population. High costs and lack of supply in Canada’s housing market are creating significant challenges, with an average of 10.1% of households living in core housing need across Canada in 2021. The Canada Mortgage and Housing Corporation estimates that over 22 million new housing units will be required to achieve affordable housing for everyone by 2030. Addressing Canada’s housing crisis will require coordinated effort from all levels of government. Strategic initiatives, like zoning reform to increase density in urban areas, lowered development costs at the municipal and CMHC level, increased taxes on unused properties and foreign real estate investment, and expanded subsidization of affordable, nonprofit, and co-op housing are just a few of the tools at government’s disposal to increase housing supply and affordability in Canada. I’m using @Century Initiative’s National Scorecard on Canada’s Growth and Prosperity to learn more about these issues – check it out here: https://www.centuryinitiative.ca/scorecard/home #GrowingWell #BigBoldCanada

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Access to affordable housing that is suitable and adequate is needed to support the health and well-being of a growing Canadian population. High costs and lack of supply in Canada’s housing market are creating significant challenges, with an average of 10.1% of households living in core housing need across Canada in 2021. The Canada Mortgage and Housing Corporation estimates that over 22 million new housing units will be required to achieve affordable housing for everyone by 2030. Addressing Canada’s housing crisis will require coordinated effort from all levels of government. Strategic initiatives, like zoning reform to increase density in urban areas, lowered development costs at the municipal and CMHC level, increased taxes on unused properties and foreign real estate investment, and expanded subsidization of affordable, nonprofit, and co-op housing are just a few of the tools at government’s disposal to increase housing supply and affordability in Canada. I’m using @Century Initiative’s National Scorecard on Canada’s Growth and Prosperity to learn more about these issues – check it out here: https://www.centuryinitiative.ca/scorecard/home #GrowingWell #BigBoldCanada