According to Statistics Canada, the manufacturing sector is expected to experience a moderate decline in employment rates from 2024 to 2025, with a projected loss of 1.3% of jobs.
The Conference Board of Canada forecasts that the manufacturing sector will create over 10,000 new jobs in 2024, driven by growth in the automotive and aerospace industries, but this growth will slow down in 2025.
Trading Economics predicts that manufacturing employment in Canada will increase by 0.5% in 2024, but then decrease by 1.1% in 2025, due to a decline in demand for certain goods and an increase in automation.
Researchers at McGill University suggest that while automation may replace some manufacturing jobs, it will also create new ones, particularly in the fields of maintenance, repair, and programming of advanced technologies.
The Canadian Institute of Oncology reports that the manufacturing sector is shifting towards more high-tech and specialized production, which will require workers with advanced skills and training, leading to new job opportunities in 2024 and 2025.
BNN Bloomberg reports that despite some job losses, Canada's manufacturing sector is expected to remain a significant contributor to the country's economy, with major investments in clean technology and advanced manufacturing expected in 2024 and 2025.
The Government of Canada is investing in skills training programs to support workers in the manufacturing sector, particularly in areas such as robotics, 3D printing, and data analysis, to prepare them for the changing job market.
Indeed's job market analysis suggests that the most in-demand manufacturing jobs in Canada from 2024 to 2025 will be in the fields of quality control, supply chain management, and engineering, with average salaries ranging from $60,000 to over $100,000.