The Conference Board of Canada expects wage hikes will pick up speed in the coming years as the pace of population growth slows down.
The think tank said in a new economic forecast Monday that Canada’s labour market has been “resilient” this year despite tariff pressures from the United States.
The national unemployment rate ticked up to seven percent in May, though the Conference Board noted overall employment is still 0.3 percent higher than it was at the end of last year.
The report expects hiring demand will remain muted for the rest of 2025 as trade uncertainty weighs on business confidence….