An RBC economist says high levels of immigration are helping blunt the economic impact of Canada's aging population even though it's causing concerns about housing affordability and other challenges.
RBC economist Carrie Freestone says fewer immigrants could have economic impacts as Canadians age and retire gradually.
She says even as older people retire and stop contributing to the economy, they will still be consuming.
This creates a gap between the income that the government receives and spends on public services such as health care.
