The forecast for salaries and wages in Canada's non-ferrous metal production and processing sector, excluding aluminum, shows a declining trend from 2024 to 2028. Starting at 641.03 million CAD in 2024, the value is projected to decrease annually, reaching 455.01 million CAD by 2028. The most significant year-on-year decrease is noted between 2025 and 2026, while the compound annual growth rate over the five-year period indicates a consistent annual decline.
Future trends to watch for:
- Potential technological advancements that could affect labor demand and wage structures.
- Global demand shifts for non-ferrous metals impacting production incentives.
- Regulatory changes and environmental policies influencing operational costs and workforce needs.