Canada is currently experiencing historically low levels of unemployment. The most recent data from Statistics Canada indicates the current level of unemployment is at 5.2%, the lowest it has been since records began being kept in the 1970s. The reason for this is that Canada’s population is aging and the birth rate is too low to replace the nine million workers who will reach retirement age by 2030. Canada has one of the lowest birth rates in the world with an average of about 1.5 children per woman.
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