Make That Change
Canada's Economy, Decoded

Economy & Work
in Canada

Which industries are booming? Where are the jobs? What's actually happening in Canada's economy right now? We break down the data so you can make smarter career decisions.

Labour Market Snapshot

Statistics Canada Labour Force Survey — February 2025
6.7%
Unemployment Rate
61.4%
Employment Rate
20.6M
Employed Canadians
554K
Job Vacancies
$1254
Avg Weekly Earnings
65.8%
Labour Participation

Canada's Largest Industries

By GDP contribution and employment. These sectors form the backbone of Canada's $2.1 trillion economy.

Stable

Real Estate, Rental & Leasing

13.5%
of GDP
0.3M
jobs
Growing

Mining, Oil & Gas Extraction

8.2%
of GDP
0.2M
jobs
Growing

Finance & Insurance

7.2%
of GDP
0.9M
jobs
Growing

Construction

7.1%
of GDP
1.6M
jobs
Stable

Manufacturing

9.5%
of GDP
1.7M
jobs
Growing

Healthcare & Social Assistance

7.8%
of GDP
2.7M
jobs

Source: Statistics Canada GDP by Industry, Employment by Industry — Q4 2024

Fastest Growing Sectors

These industries are seeing rapid job growth and investment. If you're planning your career, these are where the opportunities are heading.

Clean Technology & Renewable Energy

+15.2%

Canada's clean tech sector is booming with federal investments in battery plants, EV manufacturing, and hydrogen fuel.

Federal climate targetsEV battery plant investmentsCarbon tax incentives

Artificial Intelligence & Tech

+12.8%

Montreal, Toronto and Vancouver are home to world-class AI research hubs, attracting global talent and investment.

MILA, Vector Institute growthTech talent immigrationStartup funding surge

Healthcare & Life Sciences

+8.4%

Aging population and healthcare modernization drive demand for professionals and innovation.

Aging demographicsHealthcare system expansionBiotech investment

Construction & Skilled Trades

+6.2%

Infrastructure spending and housing demand fuel one of Canada's tightest labour markets.

Infrastructure bank projectsHousing construction pushTrade shortages

E-commerce & Logistics

+5.8%

Post-pandemic shopping habits and supply chain localization drive warehousing and delivery jobs.

Online retail growthSupply chain reshoringLast-mile delivery

Sources: Statistics Canada, Conference Board of Canada, RBC Economics Research, BMO Capital Markets

Industries Facing Challenges

These sectors are seeing structural decline due to technology shifts, changing consumer behavior, or global competition. Not a reason to avoid them — but worth understanding the landscape.

-4.2%

Traditional Retail

Brick-and-mortar stores continue losing ground to e-commerce, with major chains restructuring.

E-commerce shiftConsumer habits changingRising commercial rent
-6.8%

Print Media & Publishing

Digital transformation and declining ad revenue accelerate consolidation in traditional media.

Digital advertisingReader migration onlineCost pressures
-2.1%

Some Manufacturing Subsectors

Textile, apparel and some consumer goods manufacturing face automation and offshore competition.

Automation pressureGlobal competitionSupply chain shifts

Work in Canada — Video Series

Watch our deep dives on the Canadian job market, career strategies, and economic trends.