VANCOUVER—The growth rate of small business startups in Canada—a key measure of entrepreneurial activity—is on the decline due, in part, to the country’s aging population, finds a new book released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Entrepreneurs drive innovation and technological advancement, but as Canada’s population ages, there are proportionately fewer entrepreneurial risk-takers, which can have negative effects on the economy,” said Steve Globerman, Fraser Institute senior fellow and contributing editor of Demographics and Entrepreneurship: Mitigating the Effects of an Aging Population.
