Dear John,

Canadians aged 65 years and older accounted for 18.8% of the population in 2022.

Based on data from Statistics Canada, that number is projected to reach as high as 25.5% by 2043!

What effect will this change have on the Canadian economy?

A new study published by the Fraser Institute today finds that it could lower per person GDP by $11,200.

In other words, Canadians will be poorer than they would have been with a stable seniors’ population.

Canadian policymakers need to embrace a wide range of policies aimed at improving economic growth in order to offset this change.

Read the full study here [[link removed]], and be sure to share it with your friends and colleagues.

Sincerely,

Niels Veldhuis

President

The Fraser Institute

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