2010 and Beyond

I was listening to a radio program the other day and heard Richard Worzel of Future Search (http://www.futuresearch.com) speaking about the future trends as he sees it.

Canada, according to his predictions, will have “an uneven year, which is to say that some parts of Canada will do quite well, while others will continue to suffer.  Most of the suffering will be done in Central CanadaOntario & Quebec – because of their reliance on manufacturing, especially in cars, their overwhelming ties to the United States, and the strength of the Canadian dollar.”

He speaks about job loss, people having continuing credit problems, and states that our current health care system in Canada is not sustainable. He believes that the health care crunch will be particularly felt in BC as many retirees are coming west due to the climate.

 Do his predictions mean ‘gloom and doom’ everywhere we look?  No, not necessarily. He also states “that because the leading edge of Canada’s baby boom will be entering their 70s by 2020, which will lead to lower economic growth, and shortages of skilled labor in many areas of the economy”.

 The next 10 years will be a decade of real potential combined with real challenges for Canada.

 While some of the challenges we will face may slow us down; they are not insurmountable.

 Another ‘futurist’ that you may have an interest in searching, is Gerald Celente. While he speaks far more to the American economy (http://www.trendsresearch.com) it’s still very interesting reading (and listening).

This blog is not intended to put fear into our hearts; it is just meant to be food for thought. No one can possibly predict the future; however, these two gentlemen follow trends in the economy for a living…maybe we should hear them out…

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One Response to 2010 and Beyond

  1. Hi,

    Nice summary, and I appreciate the benefit of the doubt. I would also add that those parts of Canada that are focused on resources will do quite well. This is primarily Alberta & Saskatchewan, but also, to a lesser extent, B.C. and Newfoundland & Labrador.

    Even in Ontario & Quebec we are starting to see innovation take root, and new businesses emerging. It’s true, we will see slower growth over the next little while, but if Canada uses this time to be creative, it may be a turning point for the better. That’s what happened with the Canadian wine industry in 1988, when the original Free Trade Agreement meant that Andrés Baby Duck had to compete head-to-head with Robert Mondavi’s Cabernet Sauvignon. The result was a reinvention of the wine industry in Canada, which is, today, in far better shape, and produces far better wine than it did 20 years ago.

    Thanks for the kind words!

    Best regards,
    RIchard

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