Canada’s most dominant cohort, the baby boomers, are retiring in droves. As such, Canada will see a significant restructuring of its labour market in the decades to come and is at risk of seeing its labour force shrink if it does not take proactive measures to grow it. Canada’s main measure has been to welcome immigrants which has resulted in immigration accounting for some 90 per cent of its labour force growth in recent years.
However, there are other solutions to sustain labour force growth; namely, by boosting the labour force participation rates of under-represented groups such as Indigenous peoples. Drawing upon a new Conference Board of Canada study, this webinar will discuss the trajectory of Canada’s labour force growth in the coming decades. What will it look like and how would different scenarios (weak vs. modest labour force growth) affect real GDP growth? The webinar will also forecast the drivers of labour force growth (Canadian school leavers and immigration). It will conclude with a discussion on how technological change (e.g., automation and artificial intelligence) might impact Canada’s future labour force needs.