Naturally, once there starts to be a labour shortage, people who are considering retirement, especially women between the ages of 55 and 64, see their activity rate increase swiftly.
It should be pointed out that there is already an actuarial reduction of 6% per year. So there is already an incentive in the rules governing the CPP or the QPP, which means that some retirements are delayed. On the other hand, we realize that so many people lost money from their RRSPs or their employer's plan that Freedom 55 is not possible for them. They must continue to work. It is mainly the employers' interest in keeping their experienced, senior workers that will make a difference.