Canada | Q3 2023
Quarterly Market Report

The latest job market news and trends – all in one place. Highlights from the Q3 2023 Quarterly Market Report include:

Market Overview

  • Labour Force Survey – A cooling hiring market continues, but wages rose 5.0%
  • Staffing Industry Indicator – The Canadian Staffing Index was down comparatively year-over-year and month-over-month in June
  • Recession Watch 2023: Q3 Update – Canadian consumer spending is slowing but employment growth exceeded expectations in the first half of the year

Hiring News & Trends

  • Immigration and Canada’s aging workforce – The government processed the most immigration applications to the country in 2022; immigration remains central to counteracting the aging population in Canada
  • Gen Z Preferences, Capabilities and Challenges
  • 2023 Top 10 Workplace Trends
  • Wages and Inflation – Wages for most Canadians are now outpacing inflation

Vaco News & Resources

  • How to Maintain Great Company Culture – During times of transition and turbulence, company culture is key
  • Case Study – A growing multi-specialty physician practice taps into Vaco’s staffing solutions to supplement critical patient access support staff roles during a centralization effort

These headlines and more — coupled with commentary and key insights from Vaco leadership.

Download your copy of the Canadian Quarterly Market Report

View Q3 2023 Report

“The slowdown associated with summer is real when it comes to hiring, and summer’s not over yet. July and August are also two very different months. We’re already seeing a big uptick across Canada in hiring demand at the start of August, and that’s not always the case. So far, this August is posturing to be a lot stronger relative to July. Early indicators would also suggest that hiring is starting to ramp up and should continue throughout the end of the year.”

Tom Turpin

Executive Vice President – Vaco

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