Fraser Institute: 'Removing barriers to the labour force participation of older workers in Canada is of increasing importance for a wide range of reasons. These include:
an aging population with increased life expectancy and a greater capacity for many older workers to continue working;
the approximate doubling of the senior dependency ratio (ratio of seniors to the working age population) from 20.3 percent in 2010 to 38.4 percent in 2040;
the banning of mandatory retirement;
insecurity about the adequacy of retirement income;
the negative health and cognitive consequences that often accompany abrupt retirement;
changes in the nature of work that are more accommodating to older workers;
dealing with the labour shortages from the “great resignations” emanating from the current pandemic.'