Quote:
Originally Posted by photon
You think they have a line in a spreadsheet to put a barrel of oil price into when projecting population growth? I think they are a bit more sophisticated than that.
|
No, I don't think they are even that sophisticated. They simply assume the current growth trend continues into the future forever, simply extrapolating last year's number into the future without any consideration of fundamental changes occuring: that a growth rate the flawed assumption is that applied to an environment of $100 oil will apply in an environment of $30 oil.
EDIT: Here is the reference I neglected to include in my original comment about the decline of interprovincial in-migration:
http://www.cbc.ca/canada/albertapoli...-statscan.html