David Foot: The Coming Demographic Shift

Canada Dept: Canada is going to prove troublesome within the next 12 years, David Foot, a professor of economics at the University of Toronto and co-author of the book "Boom, Bust & Echo: How to Profit from the Coming Demographic Shift" told the Global Business Forum in Banff, Alta., Thursday, according to Winnipeg Free Press. "Canada is significantly older than the U.S. and Mexico, with a much bigger percentage in the older-age brackets and ever fewer numbers of young people being born in Canada," said Foot and bANFF, Alta. - Canada's aging population, combined with a lacklustre birthrate, is going to dramatically impact our country's economic performance in the future, according to an expert in the field. For a country to successfully replace its aging workforce, it needs a birthrate of 2.2 children per family, Foot said. He added that Canada is only managing a rate of 1.7 per family and that means Canada's labour woes are going to get even worse. (www.immigrantscanada.com). As reported in the news.