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The Seniors Strategy for Canada—an annual NIA report on the state of public policy related to Canada's ageing population— was first published in 2015 when there was a demographic shift in Canada's population as the number of Canadians aged 65 and over increased. In 2015, this demographic outnumbered children under 15. [3]
Canada's demographic landscape has undergone a profound transformation in recent decades, marked by a notable shift in age distribution. [4] The proportion of seniors, defined as individuals aged 65 and over, has surpassed that of children under 15, signaling a significant demographic shift. [ 3 ]
A decreasing number of Canadian mortgages are backed by insurance, from over 60% in 2012 [134] to less than 22% in 2022. [135] Drops in home prices could cause homeowners to owe more on their mortgages than the house is currently valued, which is known as negative equity .
In Canada in September 2018, the consumer price index (CPI) rose 2.2% on a year-over-year basis. The Bank of Canada's monthly CPI measures changes in consumer prices based on the price of a "fixed basket of goods and services" purchased by Canadian consumers, [41] such as made up of goods and services that Canadians typically buy, such as food ...
Several fast-casual restaurant chains have reported declining foot traffic and sales following the COVID-19 pandemic — especially among their older clientele.
Canada's fertility rate hit a record low of 1.4 children born per woman in 2020, [30] below the population replacement level, which stands at 2.1 births per woman. In 2020, Canada also experienced the country's lowest number of births in 15 years, [30] also seeing the largest annual drop in childbirths (−3.6%) in a quarter of a century. [30]
By the end of the 1960s, Statistics Canada estimated that the number of Canadians living in poverty had fallen from about 25% of the population in 1961 to about 20.8% in 1969, [79] and to 13.9% by 1982. [80]: 64
Among other findings, Statistics Canada reported that the 65-and-over population was at a record high of 13.7% of the total population of Canada. [7] By comparison, the 2001 census found that the 65-and-over population was 13.0% of the total population of Canada. [8] Population of each province and territory by age [9] and sex [10]