Demographics and Technology Will Drive Labour Markets
Canada’s labour market is entering a period of adjustment, with labour market conditions expected to remain volatile in the near term. Businesses will take a cautious approach to hiring as they navigate uncertainty surrounding tariffs, geopolitical tensions, and the broader economic outlook. Slower workforce growth will become the main challenge facing employers, making investments in skills development, productivity, and technology adoption critical to sustaining growth over the coming decade.
What demographic pressures will face employers in the near and medium terms? Which sectors will be affected most by these demographic pressures? What role will artificial intelligence and other automation technologies play in helping employers adjust?
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