The self-employed population in Canada's mining and quarrying sector declined from 2.15 thousand units in 2023 to 2.1 in 2024. Year-on-year, there's a consistent decrease of around 2% annually, leading to 1.93 thousand units by 2028. The compound annual growth rate (CAGR) over five years shows a gradual decline, indicating a shrinking base of self-employed individuals.

Future Trends to Watch:

Technological advancements potentially reducing the need for self-employment due to increased automation.
Regulatory impacts and environmental considerations altering sector dynamics.
Fluctuations in commodity prices affecting self-employed opportunities.