Industries with the Highest Growth in Employment in Canada in 2023

1. 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

2. Cannabis Production in Canada

Employment Growth for 2023: 11.4%

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

3. 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

4. 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

5. E-Commerce & Online Auctions in Canada

Employment Growth for 2023: 10.2%

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 annualized rate of 23.2% to $30.5 billion over the five years to 2022. The exceptional rate of growth in this industry is aided in part by increasing internet traffic volume (e.g. number of fixed broadband and mobile connections), rising disposable income and reduced unemployment for the majority of the five-year period. The COVID-19 (coronavirus) pandemic has created a unique opportunity for the industry... Learn More

6. Movie Theatres in Canada

Employment Growth for 2023: 9.6%

The performance of the Canadian Movie Theatres industry largely depends on the success or failure of major film releases. Although per capita disposable income directly influences households' ability to spend on discretionary services, such as movies, the marketing efforts and popularity of blockbuster films strongly determine revenue, as movie-going is a relatively low-cost entertainment option. Cineplex Inc. (Cineplex), the industry's dominant player, also drives industry performance, as it typically accounts for more than 60.0% of the domestic market. The COVID-19 (coronavirus) pandemic created significant disruptions for the industry as theatres temporarily closed, and audiences stayed home, which resulted in industry... Learn More

7. Snack Food Production in Canada

Employment Growth for 2023: 7.7%

Canadian snack food producers make potato and corn chips, pretzels, roasted and salted nuts, peanut butter, popcorn and other snacks. Producers have benefited from increased demand through the end of 2023 as discretionary income levels increased. Higher consumer spending has boosted sales of potato and tortilla chips, nuts and seeds. Buyers also tend to purchase more expensive and healthier products as they have more to spend on snack foods, supporting profit. While many industry products are unhealthy and demand for such goods has slowed, many companies have developed new products to attract health-conscious consumers. Revenue has risen a CAGR of... Learn More

8. Amusement Parks & Arcades in Canada

Employment Growth for 2023: 7.0%

The Amusement Parks and Arcades industry in Canada has declined over the five years to 2021. This decline was directly a result of the spread of COVID-19 (coronavirus), as industry revenue grew between 2016 and 2019. In 2020, revenue fell 53.4% as quarantine mandates and the closure of nonessential businesses resulted in most industry establishments being closed for the vast majority of that year. Amusement and theme park companies operate mechanical rides, water rides, games, shows, themed exhibits, refreshment stands and other attractions for consumer entertainment. The amusement parks segment has held up the industry as the arcades segment has... Learn More

9. Coffee & Tea Production in Canada

Employment Growth for 2023: 6.5%

Operators in the Canadian Coffee and Tea Production industry primarily roast and package imported coffee beans, in addition to blending and packaging tea. Over the five years to 2022, the industry has grown in terms of revenue, despite fluctuations in the world price of coffee and supply chain disruptions amid the COVID-19 (coronavirus) pandemic. Nonetheless, industry revenue experienced a 4.6% increase in 2020 alone, in line with the 6.9% growth in per capita disposable income during the year. Moreover, the industry has benefited from more consumers purchasing specialized blends, compared with low-cost tea and coffee products usually sold in bulk.... Learn More

10. Travel Agencies in Canada

Employment Growth for 2023: 6.5%

Travel agencies have struggled due to COVID-19, and the rise of internet travel booking has interfered with the core services of travel agencies. Online travel agents now play a larger role alongside traditional brick-and-mortar businesses. Most agencies suffered in 2020 as governments imposed restrictions on travel, leading revenue to fall at a CAGR of 7.7% to $1.9 billion through the end of 2023, including a 11.5% increase in 2023 alone.

This has led to an unprecedented level of cancellations. Despite the economy showing signs of recovery in 2021, the overall travelling industry continued to endure difficulties. While many countries continued vaccinating... Learn More