Slowdown Brings Better Balance: Canada’s Five-Year Household Income and Employment Outlook—April 2024

Slowdown Brings Better Balance: Canada’s Five-Year Household Income and Employment Outlook—April 2024

Canadian
11 min read

Author: Liam Daly

$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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In this quarterly report, we offer a five-year outlook for the Canadian labour market, including employment growth, wage growth, and labour force growth.

In the wake of a weakening economy, which parts of the labour force will face declining demand? In the medium term, to what extent will immigration counterbalance the aging Canadian workforce? We share our forecast for Canada’s labour market, including the impacts of expected interest rate cuts and a new soft cap on temporary residents.

Read the online experience to get our full analysis.

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