Labour Relations Outlook
By Human Resources Team • Updated December 4, 2024
Bargaining in 2025: A Look Ahead
The Labour Relations Outlook explores themes in collective bargaining for 2025, including an overview of the Canadian economic landscape, insights into the current labour relations climate, and projected wage increases for unionized workers.
Compensation Trends for Unionized Employees
After several years of record-high inflation, the Canadian economy has now begun to settle down. The Bank of Canada’s strategy to stabilize the cost of living is working, and annual inflation is now expected to reach the Bank’s 2.0 per cent target in 2025. In response to lower inflation, the Bank has reduced interest rates by 1.25 basis points in an easing cycle that began in June 2024. This has been a huge relief for many Canadians.
Data briefing • 15-min read
Key Issues Addressed in Part I
| Bargaining priorities | Wage increases | Salary freezes | Bargaining climate |
|---|---|---|---|
| Expected top private and public sector bargaining priorities for 2025. | Actual 2024 and projected 2025 negotiated wage increases for unionized employees, broken down by industry and sector. | Actual 2024 and projected 2025 salary freezes for unionized employees. | Organization-rated union-management climate, likelihood of work stoppage, and level of ratification difficulty. |
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