Canada’s workforce is aging. Is it the wisdom economy — or a cost crunch? (opens original article in a new tab)

Canada's workforce is aging, with increasing numbers of older workers in the labor force, potentially reflecting a shift towards a 'wisdom economy' or economic pressures keeping older workers employed longer.

• Canada's workforce is aging, with 42.3% of firms having an average worker age over 40 in 2022.
• The share of workers aged 55 and older in firms increased from 9.3% in 2001 to 18.8% in 2022.
• Manufacturing sector saw the largest increase in workers aged 55 and older, from 9.8% in 2001 to 24.2% in 2022.