Canada elderly outnumber children for first time

The number of people aged 65 and over has exceeded the number of children in Canada for the first time, with the proportion of the elderly only expected to increase as the Baby Boom generation gets older, data showed on Tuesday. Many countries in the industrialized world are facing aging populations, and the trend has potential ramifications for both economic growth and the labor market as older workers retire. Nearly one in six Canadians, or 16.1 percent, were at least 65 years old as of July,