Oct 15
Canada Faces Structural Labour Shifts as Boomer Retirements Peak
Canada’s labour market is entering a new phase as baby boomer retirements hit their peak. By 2030, 92% of boomers will be over 65, pushing the national labour force participation rate from 65.3% to 63.4%—a drop larger than the last 14 years combined. This tightening supply comes just as labour market weakness is expected to unwind. Alberta and Calgary, with their reliance on construction, real estate, agriculture, and support services—all sectors with aging workforces—will li