Morneau Shepell: Canada

Fred Vettese Dept: They won't just be working longer because they need the money, says the chief actuary for Morneau Shepell, which provides pension, benefit and health plan services to companies, according to Montreal Gazette. In as little as 10 years, Canada's unemployment rate will bottom out at around five per cent - a level it hasn't hit since the 1960s, the report predicts and freedom 55 is already an impossible dream for most Canadians. In as little as 10 years, even fully retiring in their early 60s will no longer be the norm, says Fred Vettese. Canada is heading toward a labour shortage and many employers should start thinking about ways to entice employees to work part-time in their 60s, Vettese says in a report released by Morneau Shepell last week. (www.immigrantscanada.com). As reported in the news.