This annual economic forecast presents Canada’s long-term demographics outlook.
Documents Highlights
- The aging baby boomers are rapidly approaching or already in their retirement years.
- By 2040, 22.7 per cent of the population will be 65 or older, up from 17.6 per cent in 2019.
- As the number of deaths rise and births fall, deaths will surpass births in 2034, starting a trend of negative natural increase that will become an increasing drag on population growth.
- Canada’s population growth will come entirely from immigration after 2033.
- Canada’s population will exceed 45 million by 2040.
There are no reviews yet.