Canada’s workforce isn’t aging as dramatically as Japan’s, says Avery Shenfeld, chief economist of CIBC World Markets, in a new report.

Read: Make way for centenarians

But, he explains, “every province east of Ontario has seen a drop in its working-age population in the past year, and in some cases, going back several years.” Plus, most of our domestic workforce growth is based on the entrance of non-permanent residents.

At the same time, Canada’s resource sector is experiencing a “less-than-super [growth] cycle.”


So even though Canada is still in an expansion stage, we’ll continue to experience “a fairly long cyclical upswing.” Read more.

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Consumer spending gains momentum

Better days ahead for Ontario’s economy

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