Page 6 - Ontario’s Long‐Term Report on the Economy
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Canadian Dollar .................................................................................. 42 Rest of Canada ................................................................................... 43 2. Ontario’s Potential Economic Output ...................................................... 44  Population and Labour Supply .............................................................. 44  Capital and Investment ....................................................................... 45 Productivity ....................................................................................... 46  3. Details of the Ontario Economic Outlook ................................................ 49  4. Alternative Growth Scenarios ............................................................... 54  High-Growth Scenario ......................................................................... 54 Low-Growth Scenario .......................................................................... 55 Impact of Alternative Productivity Growth Assumptions ............................ 56  5. Risks to the Outlook............................................................................ 58  Technological Change ......................................................................... 58 Emerging Market Competition .............................................................. 58 Rising Income Inequality ..................................................................... 59  Appendix I: Climate Change .................................................................... 60 Appendix II: Ontario’s Long-Term Energy Plan ........................................... 62  Investments to Modernize Ontario’s Electricity System ............................ 62  Achieving Balance .............................................................................. 62  Chapter 3:  The Changing Shape of Ontario’s Economy  Introduction .......................................................................................... 69  Global Economic Restructuring: The Future of Manufacturing in Advanced Economies ........................................................................... 69  Adaptation and Transformation ................................................................ 78  Transition in Business Services and Manufacturing .................................. 80 Resource-based Industries .................................................................. 87  iv  Ontario’s Long‐Term Report on the Economy  
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