The employment in the Canadian wholesale sector, excluding motor vehicles and motorcycles, is projected to experience steady growth from 2024 to 2028. By 2024, the employment stands at 783.87 thousand persons. As of 2023, the employment was slightly lower, indicating a positive outlook for the sector. The yearly percentage growth shows a gradual increase of about 0.6% to 0.7% annually. The compound annual growth rate (CAGR) over this period is anticipated to be approximately 0.7%, reflecting a consistent upward trend.
Future trends to watch for include:
- Technological advancements and digitization in the wholesale sector, which could impact employment dynamics.
- Shifts in consumer demand and purchasing behavior that may influence employment levels.
- Economic conditions and trade agreements that could affect the sector's growth prospects.
