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Aging boomers threaten Canada’s future growth
A Statistics Canada study warns the next 25 years will see a sharp drop in the labour participation rate as baby boomers age. By 2031 the participation rate could fall from 67 to 58 percent, with Newfoundland hit hardest at 45 percent. One in five workers could be over 55 by 2021, posing hiring and productivity challenges for employers.
MENTIONED IN THIS ARTICLE
Canada
Statistics Canada
Laurent Martel
Bank of Canada
David Dodge
Julian Beltrame
Newfoundland
Dodge
St. John's
N.L
Federal Agency