The forecast for labour costs in the audiovisual and broadcasting sector in Canada reveals a steady year-on-year increase. In 2023, costs were approximately $8.35 billion CAD. From 2024 to 2028, each year witnesses a consistent rise: 2.57% in 2025, 2.51% in 2026, 2.34% in 2027, and 2.17% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is about 2.39%, reflecting a modest growth trajectory over these five years.
Looking ahead, pay attention to trends such as technological advancements driving cost efficiencies, changes in regulation impacting labor dynamics, and shifts in consumer demands influencing production practices.
