- Steady hiring: Canada added about 385,000 jobs in 2024, and most of them were full-time.
- Employment growth: In October 2025, employment was up by roughly 300,000 compared to a year earlier.
- Vacancies normalising: The job-vacancy rate has come back down to about 3.6 percent, close to pre-pandemic norms.
- Wages rising: Average wages offered for open positions rose more than 7 percent.
- Unemployment moderate: Canada’s unemployment rate has stayed in the mid-6 percent range, well below historic recession levels.
- Strong participation: The overall labour force is absorbing high population growth, including record immigration, without a collapse in hiring.
- Broad-based gains: Job growth has appeared across several sectors including retail, transportation, warehousing, cultural industries and recreation.
- Vacancies easing across fields: All ten major occupational groups saw vacancies fall over the past year, which signals a healthier balance between workers and employers.
- Resilient overall market: Analysts describe Canada’s labour market as adjusting rather than weakening, with employment growth continuing through economic headwinds.
Footnotes
- https://economics.td.com/ca-job-market-outlook
- https://www150.statcan.gc.ca/n1/daily-quotidien/251107/dq251107a-eng.htm
- https://www.canada.ca/en/employment-social-development/programs/ei/ei-list/reports/monitoring2024/chapter1.html
- https://www150.statcan.gc.ca/n1/daily-quotidien/250318/dq250318b-eng.htm
- https://economics.td.com/ca-employment
- https://economics.td.com/ca-job-market-outlook
- https://economics.td.com/ca-employment
- https://www.canada.ca/en/employment-social-development/programs/ei/ei-list/reports/monitoring2024/chapter1.html
- https://cdhowe.org/publication/2024-labour-market-review-challenges-trends-and-policy-solutions-for-canada