Awaiting The Landing: Canada’s Five-Year Household Income and Employment Outlook—February 2024

Awaiting The Landing: Canada’s Five-Year Household Income and Employment Outlook—February 2024

Canadian
10 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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This quarter, we look at the complex factors affecting employment in Canada, including record immigration, the promise of interest rate cuts on the horizon, and renewed geopolitical instability.

How long is the current labour market downturn likely to last, and how much relief will interest rate cuts bring? Will Canada’s high immigration rates counterbalance the country’s aging labour force? And can workers expect bumper wage increases to continue this year?

This briefing looks at the major factors affecting the Canadian labour market and provides forecasts for unemployment, wages, and immigration rates in the medium term.

Read the issue briefing to get our full analysis.

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