Resilient but Vulnerable
While trade disruptions will dominate near-term labour market conditions, Canada’s longer-term employment outlook will be shaped by declining migration, rising retirements, and persistent demographic pressures—challenges that will require both policy adaptation and business innovation.
How have protectionist trade policies and the tariff threat affected the employment rate and which industries are most impacted? How will demographic conditions like an aging workforce and fewer immigrants shape labour market trends over the next five years? What will be the impact of economic uncertainty and a tightened labour market on inflation and wages?
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