In 2023, the self-employed workforce in the Canadian retail sector, excluding motor vehicles and motorcycles, was composed of approximately 73.62 thousand jobs. Forecasts from 2024 to 2028 indicate a slight decrease each year, moving from 73.58 to 73.44 thousand jobs. Year-over-year variation remains minimal, showing a fractional negative trend, while compound annual growth rate (CAGR) over 2024-2028 indicates stagnation with minor decline at best.
Future trends to watch for include:
- Technological advancements and e-commerce growth: Impacts on traditional retail self-employment.
- Economic conditions: Potential changes in consumer spending and retail dynamics.
- Government policies: Regulatory adjustments could influence self-employment opportunities.