Canada’s Five-Year Household Income and Employment Outlook—February 2025

Canada’s Five-Year Household Income and Employment Outlook—February 2025

Business and Household Indicators Canadian Economic Analysis
10 min read

Author: Maxime Arseneau

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on household income and employment. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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Shortages Set to Return as Population Swings

This quarter, we explore the five-year outlook for Canada’s household income and employment, including population growth, the unemployment rate, and wage growth.

To what extent will the federal government’s restrictions on the arrivals of permanent and non-permanent residents affect the labour market? How might the proposed U.S. tariffs on Canadian exports impact employment in Canada’s industries? We share our forecast for Canadian household income and employment, including the balance between labour supply and demand and the prospects for job creation.

Read the online experience to get our full analysis.

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