Demografic winter

We have, we have a tr- tremendous decline, really a, a, a free fall in a way.

Some would de- describe this as a, a demographic winter.

Uh, and so we, we've seen not just in, in Canada, although very much in Canada, but you know, really globally, a s- significant reduction in, in, uh, fertility and, and, and, and, uh, rates.

And so for example, just to, to look at, at the Canadian experience, you know, when we were founding-- the country was being founded in the 1800s, it was a, uh, typically in the range of, uh, you know, six to eight children per woman, you know? This is, this is, uh [laughs] hard to imagine.