Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Industries with the Highest Labor Costs in Canada in 2020
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View a list of the Top 25 industries with the highest labor costsLabor Costs for 2020: $40.0B
The Hospitals industry in Canada, which includes medical and surgical hospitals, has exhibited stable growth over the five years to 2020. Canada's healthcare system is predominately public, with 70.5% of funding coming from the public sector and the remainder from the private sector, according to the “National Health Expenditure Trends, 1975 to 2019” report by the Canadian Institute for Health Information (CIHI). Therefore, the industry is heavily dependent on both federal and provincial funding, which is mostly allocated via global budgets systems, where a fixed payment amount is allocated to a provider to cover operating expenses for a period of... Learn More
Labor Costs for 2020: $8.3B
The Fast Food Restaurants industry in Canada has expanded over the five years to 2020, despite mounting internal competition and changing consumer tastes. Higher consumer spending and product innovation by fast food restaurants have renewed consumer interest in fast food. Products with higher profit, such as coffee, smoothies and salads, have become more prominent at traditional fast food restaurants, leading to an increase in the average industry profit. Furthermore, meal customization and high-quality ingredients have become increasingly popular in recent years, inducing major players in the industry to reconsider their overall strategy and menu offerings. As a result of these... Learn More
Labor Costs for 2020: $8.0B
The Electricians industry in Canada provides an essential service for the construction of new buildings in addition to homeowners and businesses in need of electrical repair or installation work. Industry operators run electrical and telecommunications wire and cabling through the internal structure of buildings, and can be contracted for climate control, fire safety and fibre optic cable installations. They also perform work for large-scale industrial projects, such as factories and energy infrastructure, and commercial or institutional buildings, such as office buildings and hospitals. The industry's largest companies pursue these lucrative contracts, while most contractors operate on a small, local basis... Learn More
Labor Costs for 2020: $5.5B
The Hotels and Motels industry in Canada has grown over the five years to 2020, encouraged by an increase in international tourism and hikes in per capita disposable income. Consistent economic growth over the past five years and relatively stable consumer confidence have boosted the ability of Canadians to take overnight domestic trips. Furthermore, hotels and motels, which rely on international travellers, have benefited from growing inbound international visitor numbers. In addition, operators in the industry's luxury and upscale segments are attracting healthy spending from affluent travelers, encouraged by the weakening of the Canadian dollar. Over the five years to... Learn More
Labor Costs for 2020: $4.9B
The Long-Distance Freight Trucking industry in Canada is expected to experience marginal growth at an annualized rate of 0.4% to reach $26.4 billion over the five years to 2020. As economic conditions began to recover after a decline in global commodity prices in late 2014, industrial, retail and trade activity have climbed for a majority of the current period. The need to move goods between manufacturers and retailers has increased, boosting demand for industry services. However, the economic ramifications stemming from the COVID-19 (coronavirus) pandemic is expected to cause a decline of 16.0% in industry revenue in 2020. This can... Learn More
Labor Costs for 2020: $4.5B
Operators in the Public Transportation industry in Canada operate passenger transit systems over fixed routes and regular schedules within a metropolitan area. Transportation systems involve multiple modes of transportation, including subways, streetcars and buses. Most routes transport individuals over short distances for relatively inexpensive fares. Due to the high capital costs associated with running a large public transportation system, most industry operators rely on government subsidies. As a result, government funding is a key driver of industry revenue. Government stimulus programs, such as the Building Canada Plan and the Infrastructure Stimulus Fund, fuelled industry revenue growth over the five years... Learn More
Labor Costs for 2020: $4.2B
The Human Resources and Benefits Administration industry in Canada provides a wide range of everyday office administrative services to businesses in Canada. Industry operators provide financial planning, billing and record keeping, personnel management, physical distribution and logistics on a day-to-day or contract basis. Since operators specialize in outsourced business management and employment-related services, industry performance is correlated with unemployment, corporate profit and the number of businesses operating within Canada. Over the five years to 2020, the industry has struggled with volatile corporate profit that has forced businesses to reconsider paying for extra value-added services and high levels of competition that... Learn More
Labor Costs for 2020: $3.6B
The Meat, Beef and Poultry Processing industry in Canada is a powerhouse in Canada's food manufacturing sector, representing nearly 30.0% of sector revenue and employing an estimated 72,000 workers in 2020. Despite this role, industry growth prospects have been threatened by slow growth in per capita meat consumption. Disease outbreaks and a growing awareness of the health risks associated with red meat consumption, in particular, have threatened Canadian appetites for steaks and fresh meats. However, the recent COVID-19 (coronavirus) outbreak is expected to support industry demand in 2020. As a result, IBISWorld projects industry revenue to increase at an annualized... Learn More
Labor Costs for 2020: $3.1B
Despite several bumps in the road, the Tank and Refrigeration Trucking industry in Canada has expanded slightly over the five years to 2020. Steady increases in consumer spending and international trade activity have created substantial opportunities for trucking companies to generate revenue by transporting goods among manufacturers, wholesalers and retailers. However, industry growth has been somewhat limited over the past five years due to relatively weak construction activity and severe drops in the world price of crude oil during the beginning of the period, which caused industry revenue to sharply decline in 2015 and 2016. Ultimately, industry revenue is estimated... Learn More
Labor Costs for 2020: $3.1B
The Machinery Maintenance and Heavy Equipment Repair Services industry in Canada has expanded over the five years to 2020 despite declining demand from key downstream markets, including the transportation and warehousing sector, which underperformed during the period. Additionally, the value of nonresidential construction is estimated to fall an annualized 0.7% during the period, which will encourage construction operators to delay repairs and maintenance on existing machinery and investments in new equipment. Moreover, declines in global commodity prices reduced demand from energy and mining markets. However, growth in demand from other downstream markets, including agriculture, forestry, fishing and hunting, has overshadowed... Learn More
Based on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Least Risky Industries in Canada in 2020
VIEW ARTICLEBased on the expert analysis and our database of 480+ CA industries, IBISWorld presents a list of the Biggest Industries by Employment in Canada in 2020
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