By 2030, all 9.2 million of Canada’s baby boomers will reach retirement age. This briefing explores various solutions to help strengthen our labour force and economy.
Document Highlights
By 2030, all 9.2 million of Canada’s most prominent worker cohort—the baby boomers—will be of retirement age. This reality, in combination with a low fertility rate, is placing increasing economic and fiscal pressure on Canada. As such, Canada needs to identify solutions to replenish those exiting the workforce in order to maintain its high living standards.
Can’t Go it Alone: Immigration Is Key to Canada’s Growth Strategy evaluates how various solutions could help strengthen Canada’s labour force and economy. The solutions assessed include welcoming more immigrants, improving the labour force participation of women, Indigenous peoples, and persons with disabilities, boosting the fertility rate, and advances in technology such as automation and artificial intelligence.
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