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Canada’s Aging Population and Implications for Government Finances

Canada’s aging population could push government deficits to $143 billion by 2045


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.
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