Canada’s population will shift dramatically in the next half century, becoming greyer, more diverse and more concentrated in the four Western provinces.
A portrait of Canada in the next 50 years shows the country’s population could reach up to 63.5 million people by 2063 compared with 35.2 million last year, Statistics Canada projections show.
The country will be considerably older. By next year, the number of seniors in Canada could surpass the number of children. By 2063, the share of seniors in the population will climb to about 25 per cent from 15 per cent currently, with much of that shift taking place over the next 15 years as the baby boomers age. Meantime, the number of seniors over the age of 80 will jump to nearly five million compared with 1.4 million last year, with the number of centenarians soaring ninefold to 62,000.
The shift will exacerbate trends already under way, impacting everything from the country’s labour market to public finances.
Chosen excerpts by Job Market Monitor. Read the whole story at Canada’s aging population expected to head west – The Globe and Mail.
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