Objectives for Today Professor Rob Gillezeau | ECON410A | Lecture 8 | Slide 2/22 Present an overview of Canada’s economic landscape and begin discussing some of its major economic challenges
Canada’s Economic Landscape Professor Rob Gillezeau | ECON410A | Lecture 8 | Slide 3/27 How would you describe Canada’s economy? Is the economy changing in a meaningful fashion over time? What would you say it’s major challenges are? What the “old” challenges and what are the new ones?
Population and Demography Professor Rob Gillezeau | ECON410A | Lecture 8 | Slide 4/27 With 37 million people, Canada is relatively small in its population and incredibly low density Over 60% of the population is concentrated in 2 provinces and 3/4s of the population lives within 150km of the US border These are major challenges in thinking about program delivery, infrastructure, and sovereignty
Population and Demography Professor Rob Gillezeau | ECON410A | Lecture 8 | Slide 5/27
Population and DemographyProfessor Rob Gillezeau | ECON410A | Lecture 8 | Slide 6/27 Canada’s internal population growth dropped substantially after the baby boom and now growth is maintained through immigratio on Given the demographic wave, this the baby boomers have had a disproportionate impact on public policy When they were young, they drove expansions in education, now that they’re aging we are seeing a major drop in working:non-working persons This has driven major tensions around pension and health care reform
Population and Demography Professor Rob Gillezeau What policy problems can you see arising as a result of the greying population? What are the costs and benefits that younger Canadians may realize as a result? What role has COVID-19 played here?