…But boomers leaving the workforce and lagging productivity gains will slow advances over the next 20 years.
Drivers shift but national landscape balances out disappointing year.
Urges governments to apply fiscal and structural levers to stimulate growth.
Flaherty forecasts a surplus of $3.7 billion in 2015-16, with a $3-billion cushion.
Mild to favourable conditions but down from last year.
Overall growth in advanced economies is only expected to hit 1.4% this year.
But one of the most subdued forecasts in two years.
The global economy may be a bit creaky but Canada is chugging along nicely thanks to its strong resource base and rising commodity prices, according to a report from RBC Economics.
Ontario’s international exports are forecast to grow by 14% in 2010 and 7% in 2011, outperforming the national average, according to EDC report.