Baby Boomers and Participation Rate

growth rates: Second, baby boomers are reaching retirement age in larger numbers, according to Globe and Mail. The participation rate has already declined by two percentage points since the late 2000s and labour-force growth rates are projected to drop dramatically after 2015. First, fertility rates have fallen steadily for decades, to the point where we are no longer replacing ourselves, which is limiting the number of new labour-force entrants born in Canada. As a result of these demographic forces, a robust Canadian economy can no longer be taken for granted. We also project material differences in future economic growth potential among and between regions. Due to slowing labour-force growth, Canada economic potential has already dropped – and will slow further in the years ahead by our estimations to less than 2 per cent annually. (www.immigrantscanada.com). As reported in the news.