The forecast for self-employed individuals in the wholesale sector in Canada from 2024 to 2028 indicates a slight downward trend. Starting at 15.31 thousand jobs in 2024, the projected number decreases gradually each year, reaching 15.18 thousand by 2028. Compared to 2023, these figures indicate a consistent slight decrease, reflecting a mature market with limited growth potential.
Key observations include:
- The Year-on-Year decline from 2024 to 2025 is approximately 0.26%.
- From 2025 to 2026, the decrease continues with a similar downward trend at around 0.26%.
- A further decrease of approximately 0.2% from 2026 to 2027.
- Lastly, from 2027 to 2028, the drop stabilizes to about 0.13%.
Over the five-year period, the Compound Annual Growth Rate (CAGR) is negative, indicating a consistent decline in self-employment in this sector.
Future trends to watch include technological advancements that may streamline operations and reduce the need for self-employed roles, as well as potential economic shifts affecting wholesale demand. Monitoring policy changes and competitive market dynamics will be crucial for understanding longer-term impacts on self-employment in this sector.
