Business Environment Profiles - Canada
Published: 21 August 2024
Number of adults aged 65 and older
8089 Thousand people
3.5 %
The data for this report, including forecasts, are sourced from Statistics Canada. The estimates provided refer to the population as of July 1st for that year. The population growth, which is used to calculate population estimates, is comprised of natural growth, international migration and interprovincial migration.
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The post World War II baby boom created the greatest annual variation in the number of births in nearly a century. According to Statistics Canada, "since 1921, the largest annual increase in the number of births occurred between 1945 and 1946, with an increase of about 15.0%. This marked the start of the baby boom period."
The rise in birth rates between 1946 and 1965 resulted in a demographic bulge of individuals, reshaping society as those individuals aged. Over past decade, this group began crossing the threshold into senior adulthood of over 65 years. Consequently, the demographic category will record annualized growth of 3.5% in the five years to 2025, compared to only 1.9% per year between 1995 and 2000.
In addition to the large influx of newborns between 60 and 65 years ago, the size of this demographic group has been boosted by medical advancements. Coupled with superior nutrition and improved safety in all walks of life, Canadians are living longer than ever before. This is particularly the case for older individuals who are more likely to require medical attention or assistance.
Baby boomers have started reaching ages of 65 years or older, but the majority are still a few ye...
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