Finance Canada is giving business leaders a decidedly gloomy picture of the Canadian economy as part of the department’s pre-budget consultations this fall.
A Dec. 5 slide show, obtained by CBC News, projects weak annual growth of just 1.8 per cent on average until 2029, and cites full-time job losses of 1.9 per cent across Canada so far this calendar year.
The slide show also notes that productivity is slowing, energy-sector investment is in sharp decline, and household indebtedness is at record levels.
None of the data is new but the outlook is shaped in dark terms, with almost no positive economic news expected in the years ahead.
Barriers to innovation
The slide show, which is being shown in every pre-budget consultation with stakeholders, ends with questions about investment and barriers to innovation.
The presentation was given Monday afternoon this week in a…