Economic Prospects: Marie-Christine Bernard

Marie-Christine Bernard: We re going to see much weaker economic prospects for Newfoundland over the next 20 years and that will have an effect on the population, said Marie-Christine Bernard, associate director of the boards provincial forecast. , according to The Telegram. Despite baby bonus incentives and other government efforts since 2008, Bernard said the population is expected to shrink more here over the next two decades than any other part of Canada. An aging demographic will be compounded by out-migration of workers especially if offshore oil production wanes as expected, she said. The Conference Board of Canadas most recent long-term forecast predicts the provinces population will fall from about 527,000 now to 482,000 by 2035. I would say its going to be a difficult situation for the province. (www.immigrantscanada.com). As reported in the news.