2025's mediocre numbers are expected continue this year

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It’s no secret that Canada’s economy has languished over the past couple of years, with feeble increases in gross domestic product (GDP), outright declines in per-person GDP (an indicator of living standards), sluggish exports and alarmingly low levels of business investment. Needless to say, this pattern of economic weakness is showing up in the job market.   

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Let’s look at the Canadian labour market last year (most of the figures below are annual averages for 2025 or prior years, as estimated by Statistics Canada).  

Job creation takes a step back. In 2025, Canada had roughly 21 million jobs, up 1.4% from the year before. The rate of job creation was noticeably slower than during the 2021-2024 period, confirming that the labour market........

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