VANCOUVER—Canada’s aging population will put significant stress on government spending programs, which will result in large deficits and mounting debt in the future, finds a new study by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“The population is getting older, but governments across Canada are doing very little to prepare for the major spending increases and reduced revenues that are coming as a result,” said Jason Clemens, executive vice-president of the Fraser Institute and co-author of Canada’s Aging Population and Implications for Government Finances.