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Canada
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
Canada
Canada, with a GDP of $2.1 trillion, ranks as the 10th largest economy globally. Its main industries include transportation equipment, chemicals, and natural resources like petroleum and natural gas. The working population is stable, but an unemployment rate of 5.4% signals challenges. The country has numerous recruitment agencies focusing on diverse industries.
Canada'S
AGENCY LANDSCAPE
5.6K
Agencies operating in Canada
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
17-23%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Canada'S
FEATURED AGENCIES
Lock Search Group
Dawn Staffing Solutions Inc
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Canada'S
GROSS DOMESTIC PRODUCT (GDP) RATING
10
WORLD RANKED
Canada ranks 10th in the world by current economic output
$2.1T
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
2
NORAM RANKED
Canada is the 2nd biggest GDP in NORAM out of 13 countries in the region
GDP GROWTH (%)
The above chart compares how Canada's GDP has grown, compared to the rest of the world and the NORAM region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Canada'S
CURRENCY AND CODE
CA$
Country currency
CAN
Country ISO code
Canada'S
INFLATION RATE
2.6%
CURRENT RATE
▼1.3% REDUCTION
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Canada'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Canada'S
LABOUR STATISTICS
38M
POPULATION
With a population of 38,246,108, Canada is a medium sized country by global standards. Canada's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in Canada is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Canada's elderly population is just above the world average, suggesting a growing dependency ratio, which may strain the labor market.
Canada'S
RELIGION AND ETHNICITY
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Ethnicity
In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds and experiences. Employers may need to focus more on inclusive hiring practices to ensure they attract talent from across different ethnic groups.
Canada'S
UNEMPLOYMENT RATE
5.4%
CURRENT PERCENTAGE
▲0.09% INCREASE
Canada has an unhealthy unemployment rate, suggesting there may be some economic or structural challenges . Between 2022 and 2023, there was a small increase in unemployment, suggesting continued economic stability, with a slight dip in job availability
Canada'S
TOP PERFORMING INDUSTRIES
Top industries
Petroleum
Natural gas
Transportation equipment
Canada'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
69
/
61
Male | Female
In Canada there is a low gap in participation rates between males and females, indicating a relatively balanced workforce particpation often reflective of strong gender equality policies or cultural norms supportive of equal gender parity.
Canada'S
WORKING LIFE
$61K
Average gross annual wage (US$)
This figure represents yearly income before taxes. Higher wage countries are above $50,000 USD. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average compensation may be required for in-demand skills.
$5.1K
Average gross monthly wage (US$)
This figure represents monthly income before taxes. Higher-wage countries typically exceed $4,000 USD per month. Attracting talent in lower-wage markets can be cost-effective; however, offering above-average monthly compensation may be necessary for in-demand skills.
Canada'S
WORKING LIFE
10DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work hours are 8hr/day, 40hr/week, Mon-Fri. Overtime pay is mandatory after these hours, at 150% of salary, with a 8hr/week cap. Exemptions apply to certain roles and vary by province.
Canada'S
TOP BENEFITS
15WEEKS
Maternity leave
Canada offers 15 weeks maternity leave at 55% pay (max $650 CAD/week). Parental leave can be standard (up to 40 weeks, 55% pay) or extended (up to 69 weeks, 33% pay). No separate paternity leave.
-
Sick leave
Sick leave entitlement varies by province in Canada, with each setting its own rules for the minimum number of days and conditions under which employees are allowed to take time off for illness.
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