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

Canada’s Aging Population and Implications for Government Finances


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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