A recurrent theme from politicians and commentators alike is that Canada is too exposed to the U.S. economy and could benefit from diversifying its trade pattern. In this paper we examine the validity of these calls in a context of world demographic changes. Although population ageing in Canada...

This paper develops a multi-country overlapping-generations general equilibrium model to gauge the economic impacts of demographic changes in the global economy and its transmission effects on different countries. Although severe demographic pressures contribute to significantly lower real GDP...