Statistics Canada says there are now more millennials than baby boomers in the country, ending the 65-year reign of the post-Second World War generation as the largest cohort in the population.
The federal agency noted the change in its newly released population estimate for July 1, 2023, broken down by age and gender. The baby boomer generation became the largest in Canada in 1958 — seven years before the last baby boomer was even born. They accounted for 40 per cent of the population from the mid-1960s to the early 1970s. Many countries are grappling with the reality of an aging population as baby boomers retire. These changing demographics are expected to affect health care needs and governments’ tax bases.
