For the first time in Canada's history, there are more seniors than children. The government's Statistics Canada agency said Wednesday new census figures show there are now 5.9 million Canadians aged 65 and older. An older population will be a drag on economic growth as seniors spend less than most, he said. "The impacts on pensions and health care are well known, as an older population will account for increasing government expenditures in these areas," he said." For many Canadians an older population means more caregiving for relatives and friends."

Source: ABC News May 03, 2017 13:11 UTC