Industries with the Highest Growth in Employment in Canada in 2023

1. Cannabis Production in Canada

Employment Growth for 2023: 18.3%

Cannabis producers in Canada have blossomed in recent years as recreational products were legalized in 2018, opening up massive growth. Since Health Canada opened up medicinal cannabis production to more players in 2013, producers have grown continuously as they invest in production capabilities to produce quality products. As consumers shifted from illegal cannabis purchases to the licensed recreational market, cannabis growers have grown significantly, but revenue is expected to expand 17.5% in 2023 alone as the novelty of legal cannabis has worn off and most the black market has shifted to licensed purchases, which has decreased growth. Revenue has ballooned... Learn More

2. Farm Supplies Wholesaling in Canada

Employment Growth for 2023: 13.9%

Over the five years to 2023, farm supplies wholesalers enjoyed considerable growth. Even amid the outbreak of COVID-19, when fertilizer prices fell, low-interest rates incentivized downstream farmers to invest in land and equipment, spurring the need for more fertilizers and pesticides. Strong demand for Canadian agricultural exports bolstered growth for wholesalers. Industry-wide revenue has grown at a CAGR of 8.5% to $48.4 billion over the five years to 2023, including an estimated 19.6% jump in 2023 alone, when profit is expected to remain stable at 3.0%.

Much of the growth wholesalers enjoyed over the current period was price-based. Truck and rail... Learn More

3. Tour Operators in Canada

Employment Growth for 2023: 12.0%

Canadian tour operators have been extremely volatile in recent years. With the domestic economy's expansions prior to the COVID-19 pandemic, international trips taken by Canadians increased. Greater international exposure for the Canadian tourism industry, coupled with overall global economic growth, motivated more foreigners to visit and book tours in Canada, leading to increased inbound international travel. The COVID-19 pandemic shocked the global tourism sector, with countries closing borders, government authorities keeping only essential businesses open and strict travel restrictions being put in place. Many travellers cancelled their trips while people that were planning trips ended up delaying them indefinitely, decimating... Learn More

4. Campgrounds & Recreational Vehicle Parks in Canada

Employment Growth for 2023: 11.0%

Over the past five years, Canadian campgrounds and recreational vehicle (RV) parks have experienced modest growth. Operators primarily run RV parks and campgrounds that accommodate campers and provide amenities for a fee, so campgrounds and RV parks largely depend on travel-related trends to drive revenue growth. These trends include RV sales, disposable income and demographic shifts. In recent years, consumer conditions improved to the benefit of the industry. Rising levels of disposable income enabled many individuals to invest in nonessential purchases, including RVs and extended camping vacations. However, COVID-19 severely affected international and domestic travel and put a significant financial... Learn More

5. Canned Fruit & Vegetable Processing in Canada

Employment Growth for 2023: 10.2%

Canned fruit and vegetable processors in Canada manufacture vegetable-based sauces, soups, canned produce, juices and dehydrated fruits and vegetables. Expanding health concerns regarding some of canned fruit and vegetable processors' products and boosting income levels have prompted consumers to turn to fresher or premium alternative goods. Despite manufacturers' efforts to introduce healthier brand extensions and safer packaging, demand for canned fruit and vegetable products has waned, pressuring canned fruit and vegetable processors' revenue. During the current period, boosted production from some processors has helped to mitigate overall losses. IBISWorld expects revenue for canned fruit and vegetable processing in Canada to... Learn More

6. E-Commerce & Online Auctions in Canada

Employment Growth for 2023: 10.1%

The E-Commerce and Online Auctions industry in Canada comprises retailers that primarily sell their products online. Accelerated by the rising number of internet and mobile connections, industry revenue is expected to post strong gains, increasing at an expected CAGR of 17.6% to $31.7 billion over the past five years, including an expected increase of 7.7% in 2023 alone. The exceptional rate of growth in this industry is aided in part by increasing internet traffic volume like the number of fixed broadband and mobile connections. Additionally, the coronavirus created a unique opportunity for the industry to benefit from consumers not being... Learn More

7. Ocean & Coastal Transportation in Canada

Employment Growth for 2023: 9.4%

The freight, bulk cargo and passengers' transportation of the Canadian Ocean and Coastal Transportation industry has faced varied conditions, resulting in a decline in revenue. Economic growth in emerging markets and the growing need for Canadian natural resources enabled industry-relevant shipping companies to benefit from Canada's substantial dry and liquid-bulk exports. Stable, pre-pandemic economic growth in the United States also has increased demand for industry services, as shipping to the United States makes up a substantial share of the industry's total export traffic. However, COVID-19 crippled demand for cruises and reduced global trade as countries closed down borders. Ultimately, industry... Learn More

8. Concert & Event Promotion in Canada

Employment Growth for 2023: 9.4%

Concert and event promoters rely on positive economic conditions, as the consumers are unlikely to purchase costly tickets when conditions are poor. Rising disposable income has enabled many promoters to hike ticket prices, as consumers are willing to pay the extra fees. Concurrently, many are making greater shares of revenue from ancillary sales, like those of food and beverages at venues, as consumers increase spending. Though the pandemic took a large toll on promoters, consumers' eagerness to return to large-scale events has enabled many to bounce back swiftly. Over the five years to 2023, revenue increase at a CAGR of... Learn More

9. Gym, Health & Fitness Clubs in Canada

Employment Growth for 2023: 9.4%

Revenue for gyms and fitness clubs has grown in recent years as a result of consumer trends and the proliferation of public health campaigns. With an increasing rate of adult obesity, the Public Health Agency of Canada (PHAC) has stressed adherence to fitness and healthy lifestyle choices. According to the PHAC and the Canadian Institute for Health Information, obesity is expected to incur more than $5.0 billion in costs each year, which must be covered by the healthcare system. In response, many health insurance companies have incentivized fitness by subsidizing health club memberships. Businesses also incentivize health and wellness in... Learn More

10. Ski & Snowboard Resorts in Canada

Employment Growth for 2023: 8.6%

The Ski and Snowboard Resorts industry in Canada has experienced meager growth over the five years to 2023 due to steep declines caused by COVID-19. However, rising per capita disposable income during most of the period gave consumers more discretionary income, enabling them to spend more on recreational activities, such as skiing and snowboarding. Overall, industry revenue is expected to increase an annualized 0.2% to $1.5 billion over the five years to 2023.

The COVID-19 pandemic had a remarkable impact on all tourism-related industries as travel restrictions enacted to prevent the spread of the virus ultimately prevented tourism. Provincial lockdowns... Learn More