Labour costs in Canada's retail trade (excluding motor vehicles and motorcycles) sector are forecasted to rise steadily from 2024 to 2028, growing from 68.8 billion CAD in 2024 to 73.51 billion CAD in 2028. Compared to 2023, there is an observable upward trend with year-on-year increments of approximately 1.72% to 1.56%. The compound annual growth rate (CAGR) for this five-year period is projected at approximately 1.66% per year.

Future trends to watch include:

Potential impacts of automation and technology advancements on labour requirements.
Changes in minimum wage laws or labor regulations that could influence costs.
Fluctuations in consumer demand influencing retailer employment strategies.