Canada’s aging population will reduce labour force participation, slow economic growth, and exacerbate government budget deficits
The Implications of Slowing Growth in Canada’s Labour Force
By Fraser Institute —— Bio and Archives--April 22, 2021
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—The continued aging of Canada’s population will reduce participation in the labour force, which in turn will hinder economic recovery and contribute to rising budget deficits for governments across the country, finds a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“The percentage of Canadians working or looking for work has continued to drop, even before COVID-19, and policymakers should understand the potential consequences,” said Philip Cross, senior fellow at the Fraser Institute and author of The Implications of Slowing Growth in Canada’s Labour Force.Welcome to CFP’s Comment Section!
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