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`Ageing Asia to strain worlds long-term economic growth

The Asia-Pacific region will continue to power global economic growth in 2013, but the region's increasing ageing population will cast a shadow on the long-term development, according to a Canadian think-tank. "Productivity gains and a large, young working-age population have done much to boost Asian economic growth over the past three decades. But Asia's demographic dividend is quickly coming ...
Departing Carney reminds us why ‘Canada works’

Pandemonium envy His final speech in his current post was much more than a self-congratulatory valedictory address. It was a technocratic ode to his native country and an admonition to policy-makers here that the institutional framework of Canadian federalism is not to be tampered with lightly.For all our bellyaching about Dutch disease, equalization payments and employment insurance abuse, Mr. ...
Some of SNC’s missing millions found in Montreal real estate RCMP alleges

A court order obtained by the RCMP has frozen the sale of several properties, include a $915,000 home near the suburb of Saint-Lambert, Que. (CHRISTINNE MUSCHI FOR THE GLOBE AND ...
Neil Macdonald Harper no Obama when it comes to dealing with scandals

Prime Minister Stephen Harper responds to questions about the resignation of his chief of staff and Senator Mike Duffy during a joint press conference with the president of Peru on Wednesday. (Canadian ...
Court freezes assets in widening SNC-Lavalin probe

This month the RCMP asked a court in Montreal to freeze several bank accounts and a family trust belonging to former SNC executive vice-president of construction Sami Bebawi, as well as properties bought by his children, according to a 114-page affidavit sworn by Cpl. Alexandre Beaulieu. (Ryan Remiorz/Canadian ...

Movie Review

Chicago 10 [DVD]

Give due credit to Brett Morgen: He has taken an already well-trodden piece of recent American history and not only made it vibrant and new, but also painfully, strikingly relevant. Chicago 10, a bravura documentary-cum-polemic about the circus trial of eight (later seven) defendants ... ...

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Needed New approaches to defuse suicide contagion among teens

Teens who knew a schoolmate that died from suicide are more likely to consider taking their own lives -- a phenomenon known as a 'suicide contagion.' ...
Man arrested for selling fake bus passes on Kijiji

(CBC) Saint John Police are warning about fraud after fake city bus passes were sold on the online classified site Kijiji. The police launched an investigation after one person complained about fraudulent bus passes being advertised on the website. Undercover police officers contacted the seller listed on the Kijiji posting and arranged a meeting. When the seller produced the fake transit ...
Guilty pleas expected today in Nova Scotia chained-teen case

A man accused of chaining up a teen and sexually assaulting him last fall is expected to enter guilty pleas in a Bridgewater, N.S., courtroom this morning. The lawyer for David James Leblanc says they have reached an agreement with the Crown. Mike Taylor said his client will plead guilty to some charges of forcible confinement, sexual assault and pornography. "He wants to just accept his ...
Is it too late to switch from Canadian bank stocks to U.S.

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most. With additional commentary and coverage from Thomson-Reuters Breaking Views and The Financial Times, ROB Insight is a one-stop shop for time-pressed and global-minded Canadian business ...
Video Massive Vancouver car explosion rocks West End

Photos taken from video made available by London’s The Sun newspaper appear to show one of the assailants speaking to the camera after a brutal attack in broad daylight May 22, 2013 near a military barracks in ...

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`Ageing Asia to strain world's long-term economic growth'

The Asia-Pacific region will continue to power global economic growth in 2013, but the region's increasing ageing population will cast a shadow on the long-term development, according to a Canadian think-tank.

"Productivity gains and a large, young working-age population have done much to boost Asian economic growth over the past three decades. But Asia's demographic dividend is quickly coming to an end," said Kip Beckman, author of the Conference Board of Canada's recent published report World Outlook: Spring 2013.

Due to fewer births and longer life expectancies, the average age of the population in Asia is increasing rapidly. Today, 7 percent of Asia's population is above 65 years old, while the share has increased to 23 percent in Japan, reported Xinhua citing the Conference Board of Canada.

According to the organization's analysis, the changing demographic profile in the region comes from two major shifts. First, women in Asia have become better educated, making them more financially independent and less likely to rush into marriage at a young age.

Second, the cost of raising children has risen substantially. For instance, in South Korea, education costs are a major contributor to the country's huge household debt -- currently 160 percent of income. ...