US EditionWages to Increase as Immigration Slows, Conference Board Says
- On July 7, 2025, the Conference Board of Canada highlighted the strength of the Canadian labour market this year, despite challenges posed by U.S. tariffs.
- This resilience occurs as the labour market transitions from a surplus of workers to increasing shortages, while ongoing trade conflicts continue to suppress economic growth and dampen business confidence.
- The report noted that businesses will struggle to find talent, forcing employers to hire more from the existing labour pool and driving wage growth above inflation.
- In May, hourly earnings increased by 3.4 percent compared to the previous year, the unemployment rate climbed to seven percent, and the economy is projected to expand by 1.5 percent this year.
- These trends suggest rising wage pressures and talent competition will continue, while trade uncertainty and subdued investment may limit economic growth and strain government budgets.
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16 Articles
16 Articles
All
Left
2
Center
1
Right
3
Coverage Details
Total News Sources16
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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