In 2023, the employment in the mining and quarrying sector in Canada was recorded at 492 million hours. The forecasted data from 2024 to 2028 indicates a gradual decline in employment hours. Year-on-year variations show a decrease of approximately 0.88% from 2024 to 2025, 0.88% from 2025 to 2026, and 0.88% for subsequent years. A five-year compound annual growth rate (CAGR) suggests a steady decline of about 0.88% annually.
Future trends to watch for include:
- Technological advancements and automation potentially reducing labor demand.
- Environmental regulations impacting traditional mining practices.
- Global economic factors influencing commodity prices and demand.
- Policy changes in Canada that may affect sector profitability and investment.
